The Pros of a Procurement-Enabled Health Benefits Planning Process

Employer-sponsored health benefits are one of the largest and most scrutinized spend categories in any organization — and the pressure isn’t easing. Medical and Rx costs have climbed roughly 52% since 2015, and by 2027 organizations can expect close to $1.2M in incremental annual health costs per 1,000 employees, before any cost-management levers are applied.

Brokers bring real expertise to benefits strategy. But they aren’t procurement specialists, and when their compensation is tied to the carriers and vendors they recommend, the market view an employer receives can be narrower than it should be.

A procurement-enabled approach closes that gap — bringing independent commercial discipline alongside benefits expertise, not in place of it. In this whitepaper, see how CFOs and CHROs work together to:

• Pressure-test broker recommendations with independent market discipline
• Benchmark PBM, medical carrier, and broker economics against the market
• Strengthen SLAs, audit rights, and contractual protections
• Capture 2–10% of benefits spend in savings, without sacrificing the employee experience