We at Graham are leveraging the power of economies of scale and group purchasing of like-minded Healthcare and Human Services (HHS) organizations with the goal of impacting your people and your bottom line. In response to extensive research we conducted on our entire roster of HHS clients, we developed an initiative aimed at addressing their biggest problems and most pressing concerns.
As part of this initiative, we have partnered with Holleran, the nation’s leading provider of actional engagement and satisfaction surveys for those who serve older adults. Together we will intricately analyze the data and develop actionable steps to improve recruitment, onboarding, training, and retention for our clients.
Based on average employee income healthcare organizations are in a unique position to take advantage of grants and programs that have not been accessible in the past. In addition, we will be able to provide significant enhancements to employees’ life and disability plans (long-term care riders, cost of living adjustments, and retirement funding).
This group purchasing initiative will leverage the collective power of HHS organizations to drive down and stabilize employee benefits costs, providing much needed resources and value-added services that are often financially prohibitive for HHS organizations. Savings of more than 10% on annual employee benefits spend will not be unusual. As a recent example, Graham was able to reduce bottom-line pharmacy spend by more than 35% (~$700,000) for an HHS provider. At the end of the day there is strength in numbers, and this initiative is aiming to deliver cost savings in every aspect of your healthcare and benefits programs, including, but not limited to:
- Third-Party Administrator (TPA)
- Stop Loss
- Pharmacy
- Specialty Medication
- Life & Disability
In addition, Holleran’s industry-leading tools, which are included at no cost, will be used to determine the drivers of employee engagement within your organization so that efforts to improve recruitment and retention are focused and effective. Understanding employee priorities and areas for focus is not enough to improve outcomes. We will enable members to develop and execute evidence-based improvement strategies to yield tangible results in your workforce.
This group purchasing initiative already has several early adopters and the critical mass identified to launch. If you’re interested in learning more about this opportunity and the reliable benefits it can bring to your organization, please reach out to Colby Pellegrini or Mike McGann at cpellegrini@grahamco.com or mmcgann@grahamco.com.
