Navigation Links
Independent Schools Consortium Slams Brakes on Rising Health Care Costs

RADNOR, Pa., Sept. 6, 2012 /PRNewswire/ -- Companies who want to reduce soaring health care costs could take a lesson from a consortium of independent schools and colleges based in suburban Philadelphia.

PAISBOA (Philadelphia Area Independent School Business Officers Association) has produced dramatic results in its efforts to slow down rising health care costs.

Premiums rise only 1.6%

Some 142 schools participating in the Insurance Group were thrilled to learn last month that – thanks to its excellent claims history and wellness initiatives – the group's health care premiums were going up just 1.6%.

This was welcome news to the business managers, who conservatively estimated 10% premium increases for 2012/13 budgets. Coming right before school opened, the timing also allowed them to quickly reallocate funds to curriculum programs.

"The 1.6% rise compares favorably to a national increase of 7.5% and local increase of 8.9%," says John Manion, PAISBOA's representative from broker Armstrong, Doyle and Carroll in Wayne, Pa.

Bob Mueller, chief financial officer at Delaware Valley Friends School and chairman of the Insurance Group committee, attributes PAISBOA's success to two key long-term strategies.

In 2012, PAISBOA:

  • Launched an aggressive Know Your Numbers campaign
  • Offered the "Naturally Slim®" Program at no cost to employees with Metabolic Syndrome. (This includes people with risk factors for high blood pressure, obesity, high cholesterol, and insulin resistance.)

So far, nearly 1,000 employees covered by PAISBOA's insurance group have completed the Naturally Slim program, which helps reduce health risk factors by behavior modification.

Wellness Report Cards for schools

In 2011, PAISBOA's Insurance Group also established a Wellness Committee, and began issuing Wellness Report Cards to every school to encourage wellness initiatives. To remain a member in good standing with the group, schools must achieve a 50-point goal. A robust discussion group helps struggling schools reach their goals.

Free testing for successful schools

Schools that exceed expectations are rewarded with free metabolic testing for all of their employees, a significant cost-saver.

Thomas Taft, chief operating officer at Germantown Academy (GA), a school with 1,100 students, says the minimal 1.6% increase frees up $8,000 a month and almost $100,000 over 12 months. "These savings will immediately be applied to very tangible educational projects at the Academy," he says.

Emily Miller, Executive Director, PAISBOA, 215-435-5000
Bob Mueller, Chief Financial Officer, Delaware Valley Friends School, 610-226-5694

Copyright©2012 PR Newswire.
All rights reserved

Related medicine technology :

1. QPS Acquires JSW Life Sciences, Largest Independent Contract Research Organization in Austria
2. Aragon Pharmaceuticals Announces Appointment of Faheem Hasnain as Independent Director
3. Report: Independent Drugstores, Policymakers Face New Challenges
4. ShangPharma Independent Committee Appoints Financial Advisor
5. Independa, IDEAL LIFE to Provide Plug-and-Play Health Monitoring for Independent Elderly and Their Caregivers
6. BioDrain Medical Inc. Signs Additional Independent Distribution Agreements, Strengthening Nationwide Presence
7. Pulse Oximetry Screening Hailed as the New Milestone to Combat Critical Congenital Heart Disease - Signal Extraction Technology Leading the Way in Large, Independent Clinical Studies
8. ShangPharma Independent Committee Appoints Chairman and Legal Counsel
9. Cardinal Health Highlights Independent Pharmacy Best Practices At Retail Business Conference 2012
10. Cardinal Health Celebrates Community Pharmacists Commitment to Patient Care at Annual Trade Show for Independent Pharmacies
11. American Oriental Bioengineering Announces Change of Independent Auditors
Post Your Comments:
(Date:10/2/2017)... , Oct. 2, 2017  AllianceRx Walgreens Prime, ... formed by Walgreens and pharmacy benefit manager Prime Therapeutics ... new brand, which included the unveiling of new signage ... , as well as at a few other company-owned ... new brand to patients, some of whom will begin ...
(Date:9/27/2017)... Sept. 27, 2017  Commended for their devotion to personalized ... Ranked as number one in the South Florida Business Journal,s ... Inc. 5000 yearly list, the national specialty pharmacy has found ... Bardisa will soon be honored by SFBJ as the ... Set to receive his award in October, Bardisa ...
(Date:9/22/2017)... 22, 2017  As the latest Obamacare repeal effort ... Cassidy (R-LA) and Lindsey Graham (R-SC) ... medical device industry is in an odd place.  The ... 2.3% excise tax on medical device sales passed along ... covered patients, increased visits and hospital customers with the ...
Breaking Medicine Technology:
(Date:10/13/2017)... ... October 13, 2017 , ... Global Healthcare Management’s 4th Annual Kids Fun Run ... This free event, sponsored by Global Healthcare Management’s CEO, Jon Letko, is aimed ... geared towards children of all ages; it is a non-competitive, non-timed event, which is ...
(Date:10/13/2017)... (PRWEB) , ... October 13, 2017 , ... “The Journey: ... faced every danger possible to save lost souls in the Philippines. “The Journey: From ... Carole is a dedicated teacher of the Bible. She has taught all ages and ...
(Date:10/12/2017)... ... , ... Planet Fitness, one of the largest and fastest growing franchisors and ... flagship location in Covington, LA at 401 N. U.S. Highway 190, in January of ... Depot in the Holiday Square shopping center. Its location allows it to serve both ...
(Date:10/12/2017)... ... 2017 , ... Asante, a nationally recognized health system in ... existing home health joint venture through an agreement, effective October 1, 2017, to ... home health company with Asante, delivering clinically integrated care, for the past eight ...
(Date:10/12/2017)... ... October 12, 2017 , ... Leading pediatric oncology experts at Children’s ... the 49th Congress of the International Society of Paediatric Oncology (SIOP) Oct. ... Center for Cancer and Blood Disorders at Children’s National, and Stephen P. Hunger, ...
Breaking Medicine News(10 mins):