fbpx

Click here to read the full article on Grit Daily l Reporter: Sarah Marshall

Benicomp, a healthcare company that offers a Preventive Healthcare Management (PHM) program, is partnering with New Life Village, an intentional, intergenerational community in Tampa, to offer free healthcare services. New Life Village supports families raising adopted, kinship and foster children, many of whom have suffered trauma, by offering affordable housing and a sense of stability.

Read more ... Contact Us

Click here to read full article on Influencive 

The COVID-19 pandemic threw a wrench into many of our lives last year. Due to the virus, many people were furloughed or lost their jobs altogether. While millions of people filed for unemployment, others may have been left without any sort of income, or without any healthcare options. However, BeniComp Health Solutions found ways to make life a little bit easier for people over the last year, as well as every year.

Read more ... Contact Us

 

Click here to read the full article in Forbes l Reporter: Shama Hyder

Employers have been implementing incentives to improve health for decades. In-office weight loss competitions, fitness competitions, free gym memberships, easy access to blood pressure monitoring—all these things are designed not only to help employees stay healthy, but to decrease health insurance costs as well. 

With the advent of biotech and “smart health” plans, however, employer health plans are going further when it comes to incentivizing employee health. Especially, as more employees work remotely or in a hybrid environment.

One Tampa Bay-based health tech company, BeniComp, is becoming a major player in this area, introducing smart solutions to improve employee health. 

Read more ... Contact Us

 

Click here to read full article on Tampa Bay Business & Wealth | Reporter: Kris Kosaka

For individuals and businesses, health is always a vital concern, but the current context makes affordable health care a primary focus. For those in the industry, it’s never been a better time to fix “a broken system,” as Steve Presser, president and chief operating officer of BeniComp, says.

BeniComp, for “benefits and compensation,” is a health technology company focused on insurance, creating its own software to inform and educate their clients to make the best health care decisions. As Presser explains, “a lot of health insurance is not intuitive. It was almost like the system was built to confuse people.

We want to make it as clear as possible because everybody needs health insurance. Whether you are very healthy or have comorbidities or simply elevated health risks, everyone needs health care so they will be prepared for any future situation. COVID is one of those situations.”

For Presser, and BeniComp, the heightened focus on health during the current COVID-19 crisis has engendered a positive change in attitude that is already transformative.

Read more ... Contact Us

Click here to read full article on 83 Degrees Media | Reporter: Paul Catala

It wasn’t only the warm weather and a favorable business tax structure that brought BeniComp Health Solutions from Indiana to Tampa; it was also the company’s effort to form the world’s first city-based wellness district.
 
In 2014, BeniComp opened an “innovation office” in Tampa, bringing what the company calls “the future of health insurance” to Central Florida.
 
BeniComp is a 58-year-old, 50-state Third Party Administrator and health tech company that uses health insurance to help advance the healthcare system. The company provides group health plans for employers, focusing on the root causes of diseases and the skyrocketing costs of healthcare.

Read more ... Contact Us

2020 08 24 spectrum baynews9 benicomp 1090

Click here to read full article on Bay News 9 | Reporter: Dave Jordan

HILLSBOROUGH COUNTY, Fla. - Four years ago, Fort Wayne-Based BeniComp Health Solutions relocated to downtown Tampa. The company expanded its staff and put down new roots in an East Kennedy office building.

But these days, all of BeniComp’s 30 employees included President Steve Presser are working from home.

“We were 100% in office,” said Presser. “It had been part of our tradition to always be an in-office collaborative team, and when COVID hit that changed everything.”

Benicomp joins a growing list of companies including Facebook, Google and Twitter that are allowing its workers to telecommute indefinitely amid concerns of Covid-19 contagion.

“Nobody has a crystal ball,” said Presser. “We don’t know how long this will go so what we’ve done we’ve made a commitment to virtual.“

Click here to read the full story by Innovation & Tech Today

Jaime Gallo Director of Product Development demonstrating Pulse

...One such technology that is already revolutionizing health insurance is IncentiCare, a group health insurance plan from TPA administrator, BeniComp Health Solutions. BeniComp, an InsureTech company and 58-year-old startup in Tampa, has radically been transforming healthcare by saving employers millions of dollars while providing smart solutions that improve the health of populations. Applying COVID-19’s horrific impact on our nation, BeniComp has announced its newest health plan, IncentiCare, that has quickly become a proof-of-concept for reformation of the nation’s healthcare system.

We spoke with Doug Short, CEO of BeniComp, who took over the business in 1980 from his father, Don, who started the company back in 1962. Originally located in Fort Wayne, Indiana, BeniComp relocated its headquarters to Tampa in 2014 with Doug taking the reins. 

Kieran Pittman headshot

Written by Sam Del Rowe of Employee Benefits News and Employee Benefits Adviser

For adviser Kieran Pittman, going above and beyond in her communication strategy makes the difference with clients, and has helped launch her to the top of her industry, as the director of strategic growth at BeniComp Health Solutions.

In a key meeting where she and broker Dennis Hartin were negotiating a deal with a new client, a charter school in Florida, the duo faced reluctance from top level executives. While Hartin was preoccupied with addressing concerns from the top HR executive, Pittman engaged directly with the CEO.

“She walked around the desk, sat down next to him and showed him where the math adds up,” says Hartin, president and CEO of Hartin Dynamics. “As an organization, there was $10,000 worth of fixed cost savings and potentially $100,000 to $200,000 in claim savings over the next year. That’s a huge win.”

Pittman, who is one of Employee Benefit Adviser’s Top Women in Benefit Advising for 2020, says she was not always so confident with clients.

“My role is not to influence someone to a certain decision — it is to deliver all of the pertinent aspects that will empower the business leader to make their best decision. This approach has taken practice and constant evaluation, then doing it again, but doing it better every time,” she says.

Read more ... Contact Us

Read from St. Pete Catalyst

Help Us Change Healthcare

 

BeniComp Health Solutions, an InsureTech company in Tampa, is radically transforming healthcare by saving employers millions of dollars while providing smart solutions that improve the health of populations. This 58-year-old startup has created a new health plan that is quickly becoming a proof-of-concept for reformation of the nation’s healthcare system.

“I’m unbelievably proud of what our team has built,” said Steve Presser, President. “It was always Doug Short’s vision to create IncentiCare and make the future of health insurance a health solution. This year his dream is quickly becoming a reality, with the ability to make a significant impact on society.”

One company with around 2,000 employees is projected to save $10,000,000 in the first year alone with IncentiCare. This smart plan design empowers employers to take control over their expenses, say goodbye to hidden fees and agendas, and implement predictive risk models. Scaling the adoption of IncentiCare could save Tampa hundreds of millions, if not billions, of dollars in healthcare costs. This would allow for more industry investment in healthcare innovation.

Read more ... Contact Us

Thank you Ingrid Harb, creator of the Women in Progress podcast channel for sharing this story!

 

 

Kieran Pittman is the Director of Strategic Growth at BeniComp Health Solutions. She leverages 12+ years in professional selling, communications, and operations with her expertise in health insurance to deliver strategic solutions to self-funded employers. Kieran is leading the movement toward the future of health insurance with an unprecedented approach that brings prevention, health data, transparency, and innovative technology to the industry. Her approach empowers entire populations to improve their health while lowering the cost of group healthcare, freeing up cash flow and reducing profit leak for companies. She has collaborated with over 1,000 advisers and 3,000 employer groups in addition to vetting over 250 of the nation's top cost-containment vendors to build BeniComp's self-funded health insurance model, IncentiCare. Her mission is to offer a best-in-class health insurance solution that exposes hidden fees and aligns population health with organizational goals. Many say that Kieran holds the best-kept secret in health insurance.

 

Innovative ideas from Benicomp to help understand your group's risk and opportunity to save money all while improving the plan design for your members. With 96% participation, Incenticare has proven to engage your employees and focus attention on where you can make an impact to save lives. With the added "Mindset" component, you can improve everyone's wellbeing and solve for the rising mental health demand. 

See more from Hartin Dynamics

Written by Dennis Hartin, Hartin Dynamics

Tampa BeniComp Team Office of Innovation and Product Development

One of the best kept secrets in the Tampa Bay area may very well be our friends at BeniComp. They consider themselves a technology company with software to run high-performance self-funded employee benefits plans. As a TPA, they are focused on building a system that empowers employers to bring the best healthcare to their employees.

Much thanks to Kieran Pittman for sharing their insights and innovative ideas from BeniComp Health Solutions. Their team helps employers to help understand their group’s risk and find opportunities to save money all while improving the plan design for members. With 96% participation, their Incenticare soltuion has proven to engage employees and focus attention on where you can make an impact to save lives. With the added “Mindset” component, you can improve everyone’s well-being and solve for the rising mental health demand.

In this video, the BeniComp teams shares some positive things they are hearing from their clients during the COVID-19 crisis. They talk about how companies are reassessing their needs, re-purposing their business model or value proposition, using funds to help the community, and shifting focus to financial management. As Kieran explains, “We all have an opportunity to reflect and plan, while looking out for the best interests of their employees.”

Click here to read the full article

MyHealthGuide Source: BeniComp, 4/30/2020

BeniComp Health Solutions announces the launch of IncentiCare. This self-funded product changes the way employers and their members utilize health insurance by controlling not only cost, but the underlying cause of expenses.

“Using data and technology to identify risks and opportunities early, we can prevent and reverse the chronic conditions that make up over 75% of healthcare spending.” Said Kieran Pittman, BeniComp’s Director of Strategic Growth. “Everyone was going around trying to offer employers the best discounts and price negotiations, but no one was looking at what was causing claims in the first place. That’s where BeniComp found it’s differentiator.”

With outcome-based, deductible incentives, BeniComp motivates 96% participation in annual health screenings which includes a full chem-17 blood screening. With 96% of a population's blood data and 100% of their claims data, this innovative TPA has found a niche in identifying the underlying health risks in a population and empowering at risk individuals with data, tools, and advocacy so they can take control of their health.

“Data is essential in determining a health strategy for a population. Health insurance is not a one-size-fits-all blanket solution. We really have to understand what is going on inside of a population to be able to offer the best cost and cause containment solutions,” explains Pittman.

BeniComp’s innovative approach to self-funding bridges the gap between historic and modern while looking toward the future. Established in 1962, this 50 state TPA brings together a team of insurance professionals, health professionals, and software developers to custom build a state-of-the-art tech platform, Pulse, used to manage the health and insurance plan of entire populations.

Pulse’s open-architecture style allows all cost-containment vendors to plug-and-play based on a population's needs and includes all of the features a TPA, broker, employer, or participant would need to manage plans, payments, data reports, and more.

“IncentiCare is the best kept secret in the industry,” Pittman remarks. “We want employers to know that they don’t have to settle with high-cost, low-value plans. There are solutions out there that can improve health plans from the inside out by helping employees sustain healthy lifestyles and customizing cost savings strategies. In this way, employers will save not only 25-35% year one, but will continue to see their expenses decrease year over year as their health plan grows stronger and stronger in its ability to predict and prevent financial and health risks.”

Click here to read the full article on MyHealthGuide

MyHealthGuide Source: BeniComp, 4/30/2020

BeniComp Health Solutions announces the launch of IncentiCare. This self-funded product changes the way employers and their members utilize health insurance by controlling not only cost, but the underlying cause of expenses.

“Using data and technology to identify risks and opportunities early, we can prevent and reverse the chronic conditions that make up over 75% of healthcare spending.” Said Kieran Pittman, BeniComp’s Director of Strategic Growth. “Everyone was going around trying to offer employers the best discounts and price negotiations, but no one was looking at what was causing claims in the first place. That’s where BeniComp found it’s differentiator.”

With outcome-based, deductible incentives, BeniComp motivates 96% participation in annual health screenings which includes a full chem-17 blood screening. With 96% of a population's blood data and 100% of their claims data, this innovative TPA has found a niche in identifying the underlying health risks in a population and empowering at risk individuals with data, tools, and advocacy so they can take control of their health.

“Data is essential in determining a health strategy for a population. Health insurance is not a one-size-fits-all blanket solution. We really have to understand what is going on inside of a population to be able to offer the best cost and cause containment solutions,” explains Pittman.

BeniComp’s innovative approach to self-funding bridges the gap between historic and modern while looking toward the future. Established in 1962, this 50 state TPA brings together a team of insurance professionals, health professionals, and software developers to custom build a state-of-the-art tech platform, Pulse, used to manage the health and insurance plan of entire populations.

Pulse’s open-architecture style allows all cost-containment vendors to plug-and-play based on a population's needs and includes all of the features a TPA, broker, employer, or participant would need to manage plans, payments, data reports, and more.

“IncentiCare is the best kept secret in the industry,” Pittman remarks. “We want employers to know that they don’t have to settle with high-cost, low-value plans. There are solutions out there that can improve health plans from the inside out by helping employees sustain healthy lifestyles and customizing cost savings strategies. In this way, employers will save not only 25-35% year one, but will continue to see their expenses decrease year over year as their health plan grows stronger and stronger in its ability to predict and prevent financial and health risks.”

Click here to read the full article on MyHealthGuide

LEFT Steve Presser President COO RIGHT Doug Short CEO

Written by By Sharael Kolberg, California Business Journal

 

By using prediction, prevention, and industry-leading technology – which rewards participants by lowering their health insurance deductibles — BeniComp Health Solutions is preventing — or in some cases reversing — chronic health conditions while simultaneously saving potentially thousands of dollars on health insurance.

“BeniComp is addressing two of the biggest challenges in the industry: skyrocketing healthcare costs and the prevalence of chronic disease,” says Steve Presser, president and COO. “By providing organizations with inventive solutions to sustain the health of the workforce and drive cost savings, we are taking health insurance where it has never gone before.

“There are a lot of companies in our space, but there is absolutely no one doing what we are doing.”

BeniComp’s core focus is Preventive Health Management (PHM), which uses innovative health technology and health professionals to put information into the hands of participating employees and spouses and provides tools to accomplish lifestyle changes to improve their health.

“We empower people with their own data,” Presser says. “The rest of the industry is focused on cost; we are focused on cause. What is the root cause of the claims and the health of the employees? We can lower healthcare costs based on actual data.”

BeniComp’s IncentiCare program is a self-funded health plan solution that helps company’s employees save money. Through the program, “employees are able to earn thousands of dollars toward lower deductibles by participating in an annual health screening and meeting screening goals. This option doesn’t exist in any other insurance product,” Presser says.

Competitors do not offer it, Presser says, because health insurance industry “has been the same for years and years and years. When companies become so big, it becomes difficult to be creative or pivot.”

Click here to read full article

Written by Sarah Marshall, Grit Daily

 

team photo grit daily

 

While most businesses have shuttered due to the coronavirus outbreak, some were strategically ready for this moment in history. Instead of laying off workers, they’re hiring; instead of stopping production, they’re ramping up. Papa Johns announced that it would hire 20,000 more employees, and Alphabet and Facebook will indeed come out of the pandemic stronger. Technology companies that already had digital operations are weathering the coronavirus storm just fine, even expanding. BeniComp Health Solutions is such a company. Their president, Steve Presser says, “We were uniquely positioned for something like this.”

Click here to read the full story

Page 1 of 2