Medical Technology Firms

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Medical Firms Get Bottom Line Benefits from RJF Agencies’ Analysis Tools and Negotiating Skills

case studies as a PDF

Client One

Imaging and Radiological Specialty Clinic with 230 employees

RJF's Results

• Saved client over $90,000 in premiums
• RJF created an additional $10,000 premium savings
• Saved the group $15,000 in premium costs
• Savings for the period were $115,000

Details:

	Our Client’s Dilemma To find long-term and short-term disability products and life products providing the best possible value. RJF’s Near-Term Solutions Initially RJF helped save the client over $90,000 in premiums for long-term disability, short-term disability and life coverage while maintaining or enhancing their benefit coverage. RJF created an additional $10,000 premium savings through contract negotiations with current carrier while keeping existing benefit plan during the initial renewal process. Saved the group $15,000 in premium costs at the second renewal. Combined savings for the period was $115,000 — client now has a four-year premium guarantee.

Client Two

Medical Device Company with 300 employees

RJF's Results

• Demonstrated that rate increase wasn't necessary
• Created $75,000 in savings

Details:

	Our Client’s Dilemma Needed an agency that could secure a lower premium increase to their medical plan. RJF’s Near-Term Solutions Using proprietary claims analysis tools, demonstrated to insurance company that rate increase wasn’t necessary. Created $75,000 savings by negotiating client’s expected 6% rate hike to a flat renewal.

 RJF has the analysis tools to help medical firms; let us help your business.
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