Michael Engelhardt Email and Phone Number
Decades of being told that benefits are an excessive and unavoidable "cost of business" have led to a complacency in the healthcare and benefits industry. I'm part of the 1% that sees things differently. I've pioneered the concept of "LEAN Benefits." โThe Benefits CFOโ moniker underscores my commitment to maximizing efficiency and effectiveness through the principles of LEAN.While others treat healthcare and benefits like a product, I treat it as a process. Drawing from principles of LEAN and Six Sigma, I can help you extract the maximum value from your existing carrier.A benefits consultant with Alera Group, Health Rosetta Associate Advisor, and advanced healthcare strategist with 20 years in the insurance industry, ๐ ๐ก๐๐ฏ๐ ๐ฌ๐๐๐ง ๐ก๐จ๐ฐ ๐ฌ๐ฆ๐๐ฅ๐ฅ ๐๐ก๐๐ง๐ ๐๐ฌ ๐๐๐ง ๐ก๐๐ฏ๐ ๐ฌ๐ข๐ ๐ง๐ข๐๐ข๐๐๐ง๐ญ ๐ข๐ฆ๐ฉ๐๐๐ญ ๐จ๐ง ๐ซ๐๐๐ฎ๐๐ข๐ง๐ ๐๐จ๐ฌ๐ญ๐ฌ. In a world where healthcare has been plagued by inefficiencies and excessive waste, I stand as a beacon of change for employers.I partner with companies dedicated to their benefit goals, to implement solutions that improve employee outcomes and experience, while delivering cost reductions between 15% and 30% - ๐๐ฅ๐๐ฏ๐๐ญ๐ข๐ง๐ ๐ญ๐ก๐ ๐ฏ๐๐ฅ๐ฎ๐ ๐๐ซ๐๐๐ญ๐๐ ๐๐ฒ ๐๐ฏ๐๐ซ๐ฒ ๐๐จ๐ฅ๐ฅ๐๐ซ spent on employee benefits.My experience encompasses working with hospitals in the pre-ACA era to collaborating with private equity groups to optimize businesses, cutting out middlemen to making healthcare more affordable. Also an early advocate for transparent prescription drug programs, I aim to provide patients and healthcare providers with information and clarity. I have been a regular speaker on a wide range of industry related topics, including renewal negotiation strategies, healthcare financing and the Affordable Care Act.โค WHO GETS RESULTS: Finance and HR execs that have clear business plans for growth, merger or acquisition, are having challenges attracting or retaining the key talent they need to accomplish their goals, or are tired of not being able to control their benefit outcomes like they control other aspects of their business.Let's break the cycle of complacency and start a conversation about how you can improve outcomes and slash costs.
Alera Group, Inc.
View- Website:
- aleragroup.com
- Employees:
- 2435
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The Benefits Cfo | Making Benefits Truly Cost-Efficient - It'S Time For The Benefits RevolutionAlera Group, Inc.Chicago, Il, Us -
The Benefits Cfo | Making Benefits Truly Cost-Efficient - It'S Time For The Benefits RevolutionGcg Financial, Llc An Alera Group Company Feb 2012 - PresentGreater Chicago AreaHealthcare is evolving, and it's time that we acknowledge and confront the rampant inefficiencies that have persisted for far too long. Having specialized in Health & Welfare for over 20 years, optimizing employee benefits over a range of industries, I leverage a unique Lean approach to improve efficiencies and drive the best possible outcomes. I partner with CEOs, CFOs, and HR leaders who share this commitment.The benefits approach I designed has consistently delivered a 15% to 30% cost reduction, while also enhancing employee engagement and satisfaction.โพโพโพโพโพโพโพโพโพโพโพโพโพโพโพโพโพโพโพโพโพโพโพโพโพโพโพโพโค HOW IT WORKSWe begin the process by understanding your organization, and where you want to be in the next 3-5 years, in order to align your benefits strategy with your business goals.Processing historical claims through our analytics platforms, we identify underperforming aspects of your benefits program and develop an initial opportunity report to serve as a blueprint. We then implement the tools, resources, and strategies to jump start results, and develop Key Performance Indicators to continually measure the success of our program, all while maintaining compliance with relevant regulations.โพโพโพโพโพโพโพโพโพโพโพโพโพโพโพโพโพโพโพโพโพโพโพโพโพโพโพโพDubbed a โbenefits wizard,โ I am focused on delivering tangible results, from optimizing the PPO network to leveraging cutting-edge algorithms to find top-performing doctors. The magic happens when you witness the remarkable savings:50-75% lower out-of-pocket expenses for employees and 14-19% reduction in costs for employers. It's a transformation that addresses a myriad of issues, from engagement and morale to cost savings.Quality services are now available at moderate prices, with quantifiable results. These changes are creating a positive impact for employers, and I believe this trend will continue.Take control and contact me today. -
Vice President Employee Benefits | Innovative Benefits Design For Better Outcomes & Savings Of 20%+Alera Group (Gcg Financial) Feb 2012 - PresentGreater Chicago AreaWith 20 years in the insurance industry, I design, implement and manage employee benefit programs that create new opportunities for employers, aligned with business goals. My expertise extends to analyzing program results, keeping costs in check, and crafting strategies to protect employees' well-being. Skyrocketing healthcare costs pose a critical problem for both businesses and their employees' households. This financial strain is a burden that no company can ignore, and it's imperative that we address it head-on.I'm not just an advisor; I'm a catalyst for change, ready to empower you to achieve cost savings and improved benefits that benefit both your bottom line and your employees.Far beyond minor tweaks or incremental changes, weโll talk about eliminating co-pays and significantly reducing the financial burden taken out of employees' salaries to pay for healthcare. This is an opportunity for your organization to not only survive but to thrive by truly prioritizing the well-being of your team. My practice model is based on delivering client-centric services as well as best-in-class consulting, actuarial, communications and technology resources, such as:โข Care Coordinationโข Engineered Plan Designsโข Transparency Solutions and Toolsโข Telemedicineโข Value-Based Benefits โข Cost-Plus Health Plan Financingโข Self-Insuranceโข Health Care Captivesโข Stop-Loss Co-operativesโข Data Analytics and Modelingโข Private Health Care Exchangesโข Outcome-Based Wellness Programsโข ACA Impact Studiesโข Professional Employer Organizationsโข Association Health Plans
Michael Engelhardt Education Details
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Bachelor Of Arts (B.A.)
Frequently Asked Questions about Michael Engelhardt
What company does Michael Engelhardt work for?
Michael Engelhardt works for Alera Group, Inc.
What is Michael Engelhardt's role at the current company?
Michael Engelhardt's current role is The Benefits CFO | Making Benefits Truly Cost-Efficient - It's Time for the Benefits Revolution.
What schools did Michael Engelhardt attend?
Michael Engelhardt attended University Of Illinois At Urbana-Champaign.
Who are Michael Engelhardt's colleagues?
Michael Engelhardt's colleagues are Carla Bensted, Kathlyn (Kate) Plagge, Bryan Marrichi, Patrick Hyland, Valentine Feeney, Cic, Lisa Allen, Jenny Bures.
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Michael Engelhardt
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Michael Engelhardt
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