|By Business Wire||
|May 2, 2014 04:54 PM EDT||
Employers are looking for the most effective way to control healthcare spend while continuing to meet the needs of a diverse workforce; many are turning to private exchanges. However, the popularity and rapid growth of private sector exchanges has also resulted in confusion and hesitation for companies faced with tackling increasing healthcare costs.
“For many companies switching to an exchange it's an upgrade from their traditional healthcare plans; it’s a win-win for employers and employees, but we believe that offering one exchange program to our clients isn’t sufficient,” says Neil C. Krauter, CEO of Krauter & Company. “Our clients need options and advice that is independent from the exchange owner.”
Krauter & Company's Private Health Exchange Solution Platform provides an innovative and timely approach to identify which exchange meets the client's best interests while also evaluating more traditional strategies. With multiple established private exchange partnerships in place, Krauter & Company’s Exchange Services provides clients with a side by side analysis of traditional plans and multiple exchanges.
Multiple reports have suggested that exchange adoption will skyrocket in coming years; however, according to the Private Exchange Evaluation Collaborative, over 80% of employers agreed that immaturity of the private exchange market and limited information about private exchanges are the greatest barriers to private exchange adoption. “In order to deliver a truly comprehensive healthcare solution, we believe providing access to more than one third party exchange is necessary,” says Krauter’s Director of Private Exchanges Brian Clay. "Our consultative approach allows us to remain impartial while conducting analysis to align the best solution with each client's unique needs.”
Krauter & Company’s consultative approach to the private exchange market ensures that clients are receiving a solution that serves the goals of the employer, not the goals of the benefits consultant or Private Exchange vendor. “We pride ourselves on client service. This means providing clients with the information and tools necessary to ease their concerns. Krauter’s Exchanges Services allows us to do that,” says Scott Nestle, Managing Director or Krauter & Company’s employee benefit group.
About Krauter & Company
Krauter & Company is a full-service global insurance and benefits broker that has reengineered the brokerage model, enabling it to deliver the best individually tailored risk-management and human-resources solutions possible. The firm’s roots and core focus is centered on private equity and other principal investment clients and their respective portfolio companies/holdings. Incorporated in 2004, Krauter & Company has seen rapid growth throughout the United States with offices in New York, Boston, Atlanta, St. Louis, San Francisco, Dallas, Fort Worth, Portland, Houston and Chicago. Krauter & Company’s capabilities span domestic and international property & casualty, executive liability, employee benefits and personal lines.
For additional information on Krauter & Company, please see the company website at www.KrauterGroup.com.
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