23 February 2016Actuarial & underwriting

Roundstone launches cost containment captive solution

Roundstone Management, has launched Health 180, which it claims is the first high-performance captive solution designed specifically for employers seeking proactive early detection and cost containment strategies.

The partnership brings together four industry experts. Roundstone Insurance will manage the captive vehicle, underwriting and claims management, Guiding Life will bring its expertise in health risk management, advanced biometrics and reporting, HealthSCOPE Benefits will provide networks; customer care; claims management; value based benefits and complex care (cancer, dialysis, high dollar) management; and negotiation, and LDI Integrated Pharmacy Services will manage pharmacy spending with programmes including premium drug lists and prescription rebates.

The programme is built on Roundstone’s mid-market med captive product which delivers the transparency required to proactively manage health trends.

Employers that choose Health 180 will benefit from advanced biometric screenings, case management, value based benefits, high claim audits and pharmacy spending controls, according to Roundstone.

Michael Schroeder, president of Roundstone, said: “Roundstone has a proven track record with our mid-market med product. We’re excited to partner with these industry experts and bring employers a product that, on average, offers flat costs year over year.”

Jim Bode, chief executive officer, Guilding Life, added: “Employers participating in this distinctive programme are seeking a better outcome for their employees and their bottom line. The cost containment strategies adopted through Health 180 will be setting the standard for other companies to follow.”