A vital part of controlling costs is the review and selection of the proper vendors. At SIE we follow and track over 450 vendors in all facets of self-funding, cost control management, administration, including vendors that target specific medical conditions or niche areas.
This expertise in vendor selection of course can be used to benefit employers and plan sponsors in their efforts to control costs, but it can also benefit:
The selection of a specific vendor or company is not done on a “one size fits all” basis. Most vendors have their strengths and weaknesses, and what might be a perfect fit for one client could be inappropriate for the next.
SIE acts as the “quarterback” to not just select the appropriate vendor (or present a report of possible vendors) but to follow through and oversee the administration of that vendor and evaluate its performance.