A not-for-profit health care provider with 7,000 employees hired Cambridge Advisory Group to perform a thorough analysis of the providers retirement and health and welfare plans. The review examined such issues as existing vendor arrangements, funding methodologies, risk assumption, contractual liabilities, regulatory compliance and overall design.

Following review of Cambridge Advisory Group’s initial findings, the health care provider retained us to implement a number of recommended changes. These changes included the outsourcing of dental and COBRA administration, a change to a more clinically decision based life and disability carrier with a corresponding 15% reduction in costs and renegotiating of existing medical third party administrator, defined contribution and defined benefit vendor arrangement which substantially improved flexibility, contractual liabilities, performance accountability, and cost by almost 20%.