7 March 2023Analysis

Risk Management Advisors and Redirect Health announce partnership

Californian-based Captive manager Risk Management Advisors and healthcare plan specialist Redirect Health have partnered to extend plans for small and medium-sized businesses (SMBs).

The partnership will combine Redirect Health’s “value-based cost control system” with Risk Management Advisor’s expertise in captive insurance management to create affordable plans with stable pricing targeted explicitly at SMBs. The companies say the collaboration will allow quick and certain fund transfers between members, claims accounts and providers.

“We look forward to providing brokers and employers with more options that are a better match for the needs of the business and its workers,” said Dr David Berg, CEO and co-founder at Redirect Health. “This collaboration will greatly benefit our customers, as we are able to further reduce out-of-pocket costs for our members and make care more accessible while increasing coverage across the US. This expansion of product offerings will give companies more affordable and accessible solutions to meet their workforce’s diverse coverage needs.”

“We take great pride in our advisement strategies, and we’re thrilled to work with Redirect Health to bring captive insurance options to their members,” said R Wesley Sierk III, president and co-founder of Risk Management Advisors. “Our consulting and design teams have taken great care in strategizing the best captive products for Redirect Health, and we’re looking forward to continuing this collaboration.”