{"id":5701,"date":"2022-08-18T04:56:27","date_gmt":"2022-08-18T04:56:27","guid":{"rendered":"https:\/\/distilinfo.com\/healthplan\/?p=5701"},"modified":"2022-08-19T05:44:01","modified_gmt":"2022-08-19T05:44:01","slug":"sola-empowers-smaller-employers-to-self-insure-health-benefits","status":"publish","type":"post","link":"https:\/\/distilinfo.com\/healthplan\/sola-empowers-smaller-employers-to-self-insure-health-benefits\/","title":{"rendered":"Sola Empowers Smaller Employers to Self-Insure Health Benefits"},"content":{"rendered":"\n
It was announced today that Goodroot has launched Sola, a comprehensive healthcare strategy partner that works with employers to design custom health benefits in order to lower costs and improve outcomes for employees. With Sola, fully insured organizations, which pay premiums to insurance carriers, can switch to a self-funded model without incurring additional risk while saving upwards of 50 percent.<\/p>\n\n\n\n
“Employers with between 2 and 500 employees are typically fully insured and as a result are seeing rising health benefit costs every year,” says Sola president Erik Wallace. Erik leads the Goodroot commercial sales team focused on bringing cost containment solutions to employers, brokers and third-party administrators, and also leads our market-facing companies, Sola and CoeoRx. His role gives him firsthand knowledge of what customers want and need. “There’s a myth that going self-insured involves a great deal of risk. But it doesn’t have to. You just have to have the right pieces in place. Sola orchestrates the entire picture for employers.”<\/p>\n\n\n\n
Leveraging economies of scale, risk management, cost control, specialty pharmacy management, whole health solutions such as telehealth and mental health, and many other strategies, Sola collaborates with the employer and their benefit partners to tailor solutions to the organization’s unique needs.<\/p>\n\n\n\n
Sola neutralizes the effect of potential large claims through a combination of medical and prescription drug cost containment strategies. Combining these solutions creates additional discounts on stop-loss insurance \u2014 illustrating the importance of an integrated approach to creating a long-term benefit strategy and controlling costs.<\/p>\n\n\n\n