• Achieve "Non-issue" Status - a plan must be well-conceived, purchased from the right vendors, implemented effectively, and continually monitored.
• Produce a Well-Conceived Design - Because financial and administrative resources are limited, the plan must be structured to offer employees the best possible solutions without overburdening the company.
• Choose the Right Vendors - The richest plan design in the world is of little value if the vendor cannot administer the program consistently and accurately.  Because of volatility in the insurance industry, selection of appropriate vendors has never been more important.
• Implement the Plan Effectively - The right plan from the right vendor is still of little value if employees do not understand what they have to do or how to access the program.  It is critical that employees have a positive initial experience with the plan so that they do not lose confidence in it due to administrative installation problems.
• Continually Monitor Performance - Surprises in a benefit plan are seldom a good time.  It is important to effectively and efficiently monitor financial and administrative performance of even the best benefit programs to avoid year-end surprises.

So how we achieve these goals for your company?  Holmes Murphy has developed an approach to corporate benefits called Benefit Performance Management which helps us to design, source, implement and maintain benefit programs.  The system is based upon our understanding of the inter-dependence of the three measurement categories in benefit programs: administration, finance and delivery.  Almost all of our analysis is base upon reviews segmented into these key areas - it is the methodology by which Holmes Murphy's mission statement was developed.  To plan, source, implement and maintain programs that add value to our clients by contributing to the improved performance of their two greatest resources: people and money.

If you would like to learn more about Holmes Murphy, call our Kansas City Office toll-free at (866) 574-6282.

Our Approach to Employee Benefits | Fully Insured and Self Funded Health Plans | Specialized Services
Our Approach to Property and Casualty