A leading recruitment firm has cut its medical insurance premiums by more than £23,000 – a 10 per cent saving – by using a specialist team of nurses to manage its claims.
SThree employed PMI Health Group’s nurse-led claims management service, Managed Care, which has led to more than £11,000 in claims savings in just 12 months. This was achieved by staff choosing NHS rather than private treatment where it was deemed more appropriate.
“The company’s medical insurance premiums were increasing year-on-year and we needed to find a sustainable solution to help manage this cost,” said Mitesh Chandarana, Benefits Specialist at SThree.
“Since investing in PMI Health Group’s Managed Care service, we have achieved a 10 per cent reduction in premiums for the first time in the history of the scheme – a fantastic accomplishment given the current economic climate.”
Managed Care is a claims management service that uses medical professionals to support employees with any health queries they may have and help return staff back to work quicker.
Along with reducing sickness absence levels, it enables businesses to cut insurance premiums by offering advice to staff on the most cost-effective method of treatment.
“Clients are increasingly looking for a genuine consultancy services when it comes to dealing with their private medical insurance scheme,” said PMI Health Group director Mike Blake.
“We have been able to offer SThree a sustainable strategy that addresses the cause of the spiralling premium costs. We are delighted with its success.”
Only 11 per cent of UK businesses are committed to improving public health as part of the government’s Public Health Responsibility Deal, new research has revealed.
The Responsibility Deal was introduced by Downing Street to gain pledges of support from business for the introduction of initiatives designed to tackle problems such as obesity.
But the study, commissioned by PMI Health Group, revealed 77 per cent of firms are not even aware of the scheme, which this month reaches its two-year anniversary.
“The Responsiblity Deal appears to have struggled so far in its aim to make business take greater responsibility for public health,” said PMI Health Group Director Mike Blake.
“Often cost can be a prohibitive factor in encouraging companies to implement schemes to improve the wellbeing of staff, particularly at times of economic hardship but that doesn’t have to be the case.
“Regular health check and wellbeing schemes can help to improve employee health and reduce sickness absence. These need not be costly as frequently, quite sophisticated, health risk assessment tools are included in cash plans, EAPs and medical insurance schemes.”
Of the core actions outlined in the Responsibility Deal, walk or cycle-to-work schemes proved the most popular, with 52 per cent of those surveyed planning to introduce them in the future.
There was also willingness to introduce support for long-term, chronic conditions among 36 per cent of businesses, while smoking cessation support (33 per cent), Occupational Health services (26 per cent) and health checks (20 per cent) also proved popular.
Twenty per cent of respondents are not planning to take any action.
PMI Health Group, the UK’s largest independently-owned specialist provider of employee healthcare services, has strengthened its client support team with the appointment of a new Account Director.
Julie Waddington joins the company from Punter Southall Health & Protection Consulting where she spent six years as a Senior Consultant.
Her new role at PMI Health Group will involve assisting in the strategic development of corporate healthcare programmes and provision of health risk consultancy.
“From the outset, I have been impressed with the way PMI Health Group nurtures client relationships in order to develop long-lasting partnerships,” she said.
“In doing so, the company establishes itself as the leader in a highly-competitive market and I look forward to contributing my skills to such a forward-thinking company.”
Julie is also an RGN-qualified nurse making her well-placed to offer expert medical advice to companies developing policies to reduce sickness-absence and maximise workplace productivity.
Richard Munro, Managing Director at PMI Health Group, added: “Having spent 10 years advising large corporate clients on employee health strategies, Julie is well versed in supporting and managing the needs of a business.
“We are confident she will become a valued member of the PMI Health Group team and look forward to seeing her thrive in her new role.”