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Vendor Competitive Bidding and Renewal Negotiations
Segal works to get the most from vendors for all the clients we represent. We make it our business to know a vendor's history, financial solvency and performance to date, and we bring that knowledge to the table on behalf of multiemployer benefit funds.
Our renewal and competitive bidding services include:
- Creating custom requests for proposals (RFPs) and analyzing responses from insurance companies and the full array of managed care organizations: health maintenance organizations (HMOs), preferred provider organization (PPOs) and point-of-service (POS) plans
- Aggressively negotiating vendor contracts so that you receive optimal, market-competitive contracts from them
- Reviewing yearly increases in each line of coverage:
- Medical
- Dental
- Prescription drugs
- Vision
- Life/AD&D (many of our clients are under insured)
- Stop loss
- STD/LTD
- Behavioral services - EAP, managed mental health review program utilization
- Disease management, 24 hour nurse line, data mining
- Long term care
- Voluntary benefits