Healthcare Sector
Considering the impact that health status has on employees’ productivity, access to appropriate and adequate health care services is a critical factor for any organisation.
The health insurance industry provides veritable products and services an employer can procure to ensure a healthy, more engaged and more productive workforce.
However, the Health insurance market is generally characterized by the presence of imperfect information and substantial information search costs as well as complex products that vary in multiple dimensions such as deductibles, provider networks, coverage of specific services and medications, and out-of-pocket prices for different sets of health services.
Scib health care practice has vast experience in guiding her client in conducting proper health risk assessment to identify the scope and extent of their health insurance needs and assisting them to navigate the imprecise health insurance market to find covers that matches their needs at the most competitive price.
Scib’s Health Care Practice provides health care solutions which include:
- Benefit Richness Analysis
- Client Risk Profile Assessment
- Advisory and administrative services to employers
- Setting up tailor-made schemes
- Policy/Documents Preparation and Review
- Negotiation of Rates/Terms and Conditions
- Healthcare Plans Advisory Services
- Corporate Advisory services to determine employers’ specific needs
- Reviewing existing schemes
- HMO Industry Assessment
- Administration/Premium Collection and Remittance
- Health Insurance Audit