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Employee Benefits Consulting: Advisory, Brokerage, Health Plans

Banyan Consulting understands the unique needs of each employer when providing and communicating a competitive employee benefits package. We know you need to strike a balance between attracting and retaining quality professionalsand maintaining overall costs. That’s why we offer a complete spectrum of services and custom solutions to meet your needs.   

Our services include:

Advisory and Brokerage Services: Banyan assists clients in understanding, negotiating, and monitoring their employee benefits program not only at renewal, but throughout the year. And, we’re independent, so we can bring the best vendors/TPAs to the table to meet your needs.

• Claims analysis
• Plan benchmarking
• Financial Impact Studies
• Plan performance and forecasting reporting
• Carrier/TPA negotiations
• Rx consulting
• Worksite wellness
• HR guides and resources

• Click here to view the Case Study:  Leveraging to Increase Benefits and Decrease Expenditures
• Click here to view the Case Study:  A Second Opinion Pays Off.  Big.

Health Plan Performance Analysis and Reporting: We use best-in-class analytic tools to identify cost drivers and develop specific action plans to better manage plan costs. We also maintain historical and future claims data for benchmarking and trend analysis, predictive modeling, financial forecasts, and more. So, while your vendor/TPA might change to meet your changing needs, your crucial data is maintained with Banyan.

Clients can also access data and hundreds of fully customizable reports through Banyan’s secure, web-based applications.

• Click here to view the Case Study:  Spousal Surcharge Could Lead to Significant Savings
• Click here to view the Case Study:  A Second Look at Dependent Eligibility
• Click here to view the Case Study:  Introduction of Step Therapy Stepped Up Savings

Health Improvement Initiatives: At the root of many healthcare expenditures are modifiable risk factors that have an impact on employee health and well-being. Banyan offers analysis to determine employee health trends and programs to improve employee health decisions.