Navigation Links
Independent Schools Consortium Slams Brakes on Rising Health Care Costs
Date:9/6/2012

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.

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


'/>"/>
SOURCE PAISBOA
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:
*Name:
*Comment:
*Email:
(Date:10/7/2017)... --  Provista, a proven leader in the supply ... power, today announced a new resource area on Provistaco.com ... is the online home for case studies, articles on ... releases, slideshows and events. ... at their fingertips, viewers can also watch short videos ...
(Date:10/4/2017)... , Oct. 4, 2017  South Korean-based healthcare ... CPR training aide "cprCUBE" on Kickstarter. The device will ... during cardiac arrests with better efficiency compared to the ... offers real-time feedback on efficacy of the compression for ... campaign has a goal to raise $5,000. ...
(Date:10/4/2017)... LAWRENCE, Mass. , Oct. 4, 2017 /PRNewswire/ ... developer of single-use, self-contained, illuminating medical devices, today ... National Health Surveillance Agency (or Agência Nacional ... ®. The first single-use, cordless surgical retractor with ... ONETRAC provides optimal access, illumination and exposure of ...
Breaking Medicine Technology:
(Date:10/13/2017)... ... October 13, 2017 , ... Talented host, actor Rob Lowe, ... in a new episode of "Success Files," which is an award-winning educational program ... investigates each subject in-depth with passion and integrity. , Sciatica occurs when the ...
(Date:10/12/2017)... Del. (PRWEB) , ... October 12, 2017 , ... ... and advisory services for healthcare compliance program management, will showcase a range of ... National Association for Assisted Living (NCAL) Convention and Expo to be held October ...
(Date:10/12/2017)... (PRWEB) , ... October 12, 2017 , ... IsoComforter, Inc. ... products, announced today the introduction of an innovative new design of the shoulder pad. ... so you get maximum comfort while controlling your pain while using cold therapy. By ...
(Date:10/12/2017)... , ... October 12, 2017 , ... ... Hair Restoration, has recently contributed a medical article to the newly revamped ... Dr. Mohebi’s article spotlights the hair transplant procedure known as Follicular Unit ...
(Date:10/12/2017)... GRAND RAPIDS, Mich. (PRWEB) , ... October 12, ... ... OnSite Wellness, has been named one of Michigan’s 2017 Best and Brightest in ... Best and Brightest in Wellness® awards program on Friday, Oct. 20 from 7:30 ...
Breaking Medicine News(10 mins):