The Alliance makes it easier for businesses to start self-funding
Auxiant, Serve You Rx will provide key services
MADISON, Wis. (Aug. 15, 2017) ─ The Alliance has launched Single Source Self-Funding™ to help small- to mid-sized businesses start self-funding their health benefits for greater savings and flexibility.
Single Source Self-Funding provides a package of services that employers need to start self-funding. Partners in providing critical services for this product are:
- Auxiant (www.auxiant.com), a third-party administrator (TPA) of self-funded health benefit plans based in Madison, Wis.
- Serve You Rx (www.serve-you-rx.com), a pharmacy benefit manager (PBM) based in Milwaukee, Wis.
Additional information about Auxiant and Serve You Rx is provided below.
The Alliance provides the remaining Single Source Self-Funding components, including:
- A broad provider network that offers significant discounts for 90 hospitals, 9,500 medical doctors and 18,300 professional service providers.
- Discounts from stop-loss reinsurance carriers based on evaluation of Alliance network performance.
- A blueprint for transitioning to self-funding.
- A dedicated implementation team.
Single Source Self-Funding is available from brokers who complete a certification focused on helping employers successfully offer a self-funded health benefit plan.
The Alliance moves health care forward by controlling costs, improving quality, and engaging individuals in their health. Members include more than 240 self-funded employers and insurance trusts covering more than 85,000 individuals in Wisconsin, Illinois and Iowa. The Alliance uses the purchasing power of cooperative members to negotiate with and provide access to an extensive network of doctors and hospitals paid to improve quality by performing better not doing more.
ABOUT SERVE YOU
Serve You Rx (www.serve-you-rx.com) is a full-service pharmacy benefit management (PBM) company based in Milwaukee, Wis., that has been empowering self-funded plans to manage drug spend for 30 years. In addition to providing clients with customized plan designs and comprehensive utilization management programs, Serve You Rx has a national retail pharmacy network comprised of more than 66,000 pharmacies, as well as owns and operates Serve You DirectRx Mail Service Pharmacy, New England Mail Order Pharmacy and Serve You DirectRx Specialty Pharmacy.
Auxiant (www.auxiant.com) is a Third Party Administrator (TPA) of self-funded benefit plans, specializing in customization, technological tools, and a cost-control approach to medical management, including our propriety FocusHealth product. Auxiant is known for its innovation and technology constantly evolving to meet the needs of its clients.
Auxiant works with more than 270 clients across the Midwest and nearly 100,000 member lives. Auxiant works with a very diverse group of clients, all having customized benefit plans. Each client is given unmatched personalized service by a dedicated service team. Auxiant’s strength in the marketplace provides a powerful advantage to any self-funded employer group.