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:10/11/2017)... , Oct. 11, 2017  Hill-Rom Holdings, Inc. ... Aspen Surgical facility in Las Piedras, Puerto ... scalpels and blades. ... that the facility sustained minor structural damage, temporary loss ... Maria. Repairs have been completed, manufacturing operations have resumed, ...
(Date:10/5/2017)...  In response to the nationwide opioid epidemic, ... (AAOMS) released prescribing recommendations that urge ibuprofen – ... a first-line therapy to manage a patient,s acute ... Recognizing the value and importance of the ... Acute and Postoperative Pain Management" stresses that practitioners ...
(Date:10/2/2017)... Mich. , Oct. 2, 2017 Diplomat ... 8th Day Software and Consulting, LLC , and ... 8th Day Software, based in Tennessee ... LLC. 8th Day expands EnvoyHealth,s service offerings for health ... development. "In an ...
Breaking Medicine Technology:
(Date:10/13/2017)... , ... October 13, 2017 ... ... of Pharmacy (SOP) alumni Hannah Randall, PharmD ‘17, and Jennifer Huggins, PharmD ... on guideline updates for the primary prevention of cardiovascular diseases during the ...
(Date:10/13/2017)... ... 13, 2017 , ... Ellevate Network, the leading network for professional women, brought ... gender equality at their inaugural Summit in New York City in June. The event ... audience of over 3 million. To watch the Mobilize Women video, click here ...
(Date:10/13/2017)... ... October 13, 2017 , ... “The Journey: From the Mountains to the Mission ... lost souls in the Philippines. “The Journey: From the Mountains to the Mission Field” ... the Bible. She has taught all ages and currently teaches a class of ladies ...
(Date:10/12/2017)... ... October 12, 2017 , ... The company has developed ... consumer and regulatory authorities worldwide. From Children’s to Adults 50+, every formula has ... highest standard. , These products are also: Gluten Free, Non-GMO, Vegan, Soy ...
(Date:10/12/2017)... ... October 12, 2017 , ... Dr. Parsa Mohebi, the ... medical article to the newly revamped Cosmetic Town journal section, featuring ... transplant procedure known as Follicular Unit Extraction (FUE). , Dr. Mohebi ...
Breaking Medicine News(10 mins):