Loading...

Michael Clark

Oswald Companies
Forensic Data Analysis to Solve Your Benefits Trend
Date: Sep 20, 2019 Beginning at 7:15 AM
Session Duration
1.00

Learning Objective
Understand the Industry Impacts to Your Benefits Trend Determine the Cost of Doing Nothing to Your Organization, Your Culture and Your Benefits 3 winning strategies: Create a Data-Driven Strategy by Using Data to Solve the Mystery of Your Benefit Trend

Session Description
As employers, sometimes we just want to maintain the status quo or make the easiest decision. We often see this inertia as employers struggle to balance escalating benefits costs with organizational financial targets. Passing along higher costs to employees seems to be the easiest and most traditional way to maintain equilibrium. Meanwhile, employees often passively enroll in the same original plan they chose when first eligible for benefits, even though their needs may have drastically changed. As we move into rising costs and evolving healthcare options, our work shows us that understanding the data behind escalating benefits costs, particularly medical and pharmacy, is the first step in developing a winning total rewards benefits strategy. We'll review three known winning data-driven strategies to solve the benefit trend.

More About Michael Clark

Michael Clark is a Consultant in the Group Benefits Division at Oswald Companies. He has been with Oswald Companies for four years and has experience working with privately held companies and non-profit organizations in employee benefits. His goal is to gain a strong understanding of an organization’s business, culture, and risk tolerance, while identifying and designing innovative cost-effective solutions to minimize risk. This approach translates into valuable and sustainable benefits programs for his clients and their employees. Michael believes that each client should have a unique strategy based on their culture and risk tolerance.