SCHWENKSVILLE, Pa., March 9, 2015 (SEND2PRESS NEWSWIRE) -- Millennium Administrators, a national benefits administrator, was contracted by the North Pocono School District in July, 2013 with the expectation that Millennium would assist in the teacher contract negotiations, as well as identify savings for the Districts healthcare benefit plan. Millennium provided several cost savings initiatives, which were implemented by the District during the contract year.
The initial proposal presented by Millennium was a projected savings of $238,000 over a one-year contract period. NPSD has actually realized a savings of $668,309.64.
"We are very pleased with the long term results of the programs we implemented and specifically customized for the North Pocono School District," said Sara Picard, President of Millennium Administrators. "The ultimate goal is to achieve cost savings collaboratively. When clients partner with Millennium it's important the client understands and supports our initiatives or they will not maximize the savings. Many of our clients advocate their carrier and rave about their carrier discounts but if your client doesn't manage their medical spend, the carrier discounts mean nothing."
"Millennium assisted the District in achieving our savings healthcare goals; they are constantly accessing our claims and utilization to identify savings alternatives that work. Clearly, we have accomplished our financial goal and improved our medical spend," said Dennis Cawley, District Business Manager.
Millennium Administrators can provide clients a self-funded or fully insured stand alone pharmacy program or benefits administration services that specifically meet the needs of our client. Millennium currently services over 250,000 members across the country for both medical and pharmacy benefits.
More information: http://millennium-tpa.com/ .
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NEWS SOURCE Millennium Administrators, Inc. :: This press release was issued on behalf of the news source (who is solely responsible for its accuracy) by and Copr. © 2015 Send2Press® Newswire, a service of Neotrope®.