Event Details
The 7 Health Plan Metrics Every HR Professional Must Know
| Date: | September 21, 2016, 6:00pm – 8:00pm |
| Organizer: | Fran Baze, VP Professional Development |
| Location: | UW Health Sports Factory 305 S. Madison Street Rockford, IL 61104 http://www.uwhealthsportsfactory.com/ |
| Price: | No Cost for Rockford Area SHRM Members/$50.00 for Non-Members |
| Event Type: | Meeting |
| iCal link | Add to Calendar |
- 6:00pm-7:00pm - Presentation (See Info Below)
- 7:00pm-8:30pm - Appetizers
The 7 Health Plan Metrics Every HR Professional Must Know
In employee benefits, stereotypically the HR professional is advocating for a comprehensive yet affordable benefits package, and the CFO is concerned with the bottom line. As an HR professional, how much do you really understand the different cost drivers of your health plan? By closely monitoring the seven metrics described in this presentation, you can identify areas of your health plan that might be leading to drastic overspending. First, we’ll dive into these different metrics by discussing its importance to financial health. Next, we will describe how each is calculated allowing you to assess your plan. Lastly, if a correction is necessary, we will discuss strategies to move the metric in a better direction. Once you know your health plan’s seven metrics, you’ll be able to craft a plan to drive better financial sustainability with your health care costs. You’ll be the one that shines in front of the CEO at your next employee benefit review.
Learning Objectives:
- Learn seven metrics that you should be monitoring to determine the financial wellbeing of your health plan.
- Discover how to calculate these metrics with your own health plan data and compare to benchmarks.
- Come away strategies to reduce health plan overspending.
About the speaker
Nicole Pfeiffer is a Vice President of Employee Benefits for Cottingham & Butler. Nicole has been with Cottingham & Butler since April 2004. Nicole offers consultative advice to business decision-makers regarding their employee benefit plans. Prior to Nicole’s role in Employee Benefits, she worked as the Vice President of Human Resources and Director of Marketing for the firm. Prior to joining Cottingham & Butler, Nicole worked for Procter & Gamble in a Business Development role.
Education:
- Bachelor of Science Degree in Mathematics from the University of Iowa
- Bachelor of Business Administration from the University of Iowa
- MBA from The University of Iowa Tippie School of Management
- Designations: SPHR, SHRM-SCP, GBA and CMS
Approvals for Continuing Education Credits from HRCI and SHRM are pending.
Online registration is closed. For late registration, please email lauren.e.stoklosa@osfhealthcare.org.
