Gain Predictability & Transparency
Start taking charge of your healthcare expenses and gain predictability, transparency and control, while giving your employees a better quality of healthcare, while reducing their out-of-pocket costs.
Better benefits. lower cost.
Take control of your health plan spend, increase your bottom line, and give your employees the best possible healthcare plan at the lowest possible cost.
72 %Savings Since Inception
45 %Cost Reduction
2 %% of Revenue vs Annual Spend on Benefits
Focus on Results
Ovation focuses on results and outcomes, growing your revenue and the bottom line and reducing costs through long-term innovative strategies and cost/risk controls.
Eliminate Overspending
We reduce/eliminate the typical overspend and profit-leak present in most company health plans.
Calculate your potential savings
Despite what you've been told, you have the power to control the quality and cost of healthcare. In fact, you have at your fingertips six discrete points of control to manage the frequency and severity of your medical and pharmacy claims. Paying less for fewer claims has a compound effect, producing substantial savings on your healthcare spend.
With the guidance of Ovation Health & Life Services, you'll apply standard supply chain management techniques to healthcare to eliminate overspend and reallocating that capital back onto your income statement.
The outcome? A discretionary fund or boosted EBITDA. Don't wait - take action now and explore the Healthcare Overspend Savings Calculator to get an estimate of your organization’s potiential savings.
Client Results
SCHEDULE A CALL ↗2 %% of Revenue vs Annual Spend on Benefits
Reduced Annual Benefit Spend
Annual spend for benefits was 8% of revenue. By end of year two with Ovation, spend is now 2% of revenue, and employees have better healthcare with lower out-of-pocket costs and little or no cost for most Rx, imaging and services.
45 %Cost Reduction
Cost Reduction
Took them from fully insured to level-funded and eventually an unbundled, self-funded solution. Costs reduced by 45% and have kept them there since 2017. No cost increases, better benefits, and employees pay less with more benefits.
72 %Savings Since Inception
Reduced Total Pharmacy Spend
PBM-only consulting client. Employer was self-funded but using one of the Top 3 PBMs. We analyzed, suggested changes and then implemented our recommendations. Saved 72% on total pharmacy spend while employees got drugs at lower cost, or even no cost, and we eliminated most of the specialty medication spend (employees still got their drugs).
How We Do It
Our philosophy when developing and managing an employee benefits package is a simple and effective five-part process:
- 1.
Develop a Long-Term Strategy
Develop a Long-Term Strategy to reduce costs and provide better benefits with innovative plan designs and healthcare supply chain management.
- 2.
Minimize Liability
Minimize Liability by managing your risk and compliance with health data, risk calculations, and leading compliance and analytical technology.
- 3.
Improve Processes
Improve Processes of benefits administration, and human resource tasks through high touch, 7 days per week service and leading technology.
- 4.
Empower Employees
Empower Employees with true engagement powered by education and constant support. Our team is available 7 days per week to assist your staff with any needs or questions and help them make the best decisions about their benefits and care.
- 5.
Dedicated Resource
Dedicated Resource. We want you to think of us as an extension to your benefits administration department and a partner in your business. We provide our clients with personal attention for ongoing service and support for all matters pertaining to the administration of their benefit plans, 7 days per week.
About Ovation
ARE YOU TIRED OF INSURANCE RENEWAL INCREASES EVERY YEAR?
TRYING TO BUDGET FOR THE UNKNOWN OR UNEXPECTED?
Start taking charge of your healthcare expenses and gain predictability, transparency and control, while giving your employees a better quality of healthcare, and reducing their out-of-pocket costs. Since 2006, Ovation has focused on results and outcomes. We grow your revenue and bottom line, while reducing healthcare costs through long-term innovative strategies and cost/risk controls. We reduce/eliminate the typical overspend and profit-leak present in most company health plans, while ensuring employees get higher quality care at a lower price.
Ovation is dedicated to reducing an employer’s costs and simplifying the management processes associated with providing a complete benefits program. We accomplish this by providing quality insurance programs, employee education, and complete benefit enrollment systems.
