BeniComp, an innovator within the thriving house of insuratech, leverages know-how to supply artistic options in medical health insurance. For president and chief working officer Steve Pressler, framing enterprise inside a artistic perspective comes naturally.

A graduate of Savannah College of Art and Design, Pressler took his grasp’s diploma in 3D animation and launched a multimedia enterprise in California, the place he first related with BeniComp as considered one of his shoppers, 20 years in the past. Creating tech solutions for well being and schooling, Pressler was at work with inhabitants well being administration software program when he reconnected, in 2016, with Doug Short, BeniComp’s chief govt officer, and the remaining, as Pressler says, “is history.” 

“BeniComp was doing some really cool things with preventive health and population health and so we combined forces,” says Pressler. He got here on, formally, in 2017, and believes it’s “the most exciting, creative time” to be in well being.

As Pressler explains, “Health insurance has seen more change in the last five to 10 years than it has in the last 100 years. There’s just so much that’s happening. The current capabilities of wearable health devices has led to the collection of all of this personalized data and we can use that data to best serve clients in the insurance space.” 

BeniComp’s Tampa hub, fittingly referred to as its innovation workplace, will meet this by increasing, including greater than 100 jobs this yr and welcoming the brand new hires in a newly crafted, progressive house. Sit-stand desks, bean bag chairs, writable partitions, niches and alcoves that encourage collaboration—as Pressler explains, ‘it’s necessary to nurture creativity throughout the office. Companies exist due to the folks and I’m an enormous fan of bringing folks collectively. When you arrange an setting that brings folks collectively, magical issues occur. People give you progressive, artistic concepts that they in any other case wouldn’t give you in the event that they’re sitting in silos or at house.”

One little bit of magic is BeniComp’s not too long ago launched Incentive Care, with its emphasis on utilizing knowledge to line up preventive care. As increasingly corporations of all sizes are in a position to step away from the absolutely insured mannequin to extra self-funded choices, preventive care turns into key. 

Explains Pressler, “Many companies are still under the impression that they don’t have choices with insurance, that whatever they have to pay every year is just what they have to pay. And so many companies are nervous around health care. They’re scared about the increasing prices, the unaffordability and the risk. But with today’s technology, even a company with very few employees has options to control their health costs and to improve the overall health of their employees.”

Incentive Care is one such possibility. Incentive Care builds in deductible incentives based mostly on an annual well being screening for all staff. According to Pressler, utilizing deductible incentives motivates staff to be extra proactive about their very own well being and offers them the required info to take action. 

“With the incentives, we get extremely high participation in annual health screenings, so typically 96%, or almost the entire population of a company, and that allows us to then see all of the underlying health risks within the population,” Pressler says. “We can reach out to the people who have underlying health risks and engage with them to start taking the appropriate steps toward better health. With some employees, it may be so advanced that we send them immediately to a specialist, or with others, for example, they may be in a pre-diabetic stage where we can then adjust their health through lifestyle choices and prevent them from ever becoming diabetic.” 

BeniComp’s Incentive Care mannequin strives to make sure that all staff are working in the direction of their healthiest selves.

And, with the data that knowledge and know-how brings, corporations can select probably the most related choices for his or her work populations. 

“They can choose to add telemedicine and mental health, or they can choose what their deductibles will be,” Pressler says. “They can choose what services are covered, what’s out of network, what’s in network. And so, essentially, companies are able to set up their own plan. If their work population runs well, then they can save hundreds of thousands of dollars or even several million dollars. We have one company that saved over $8 million their first year.”

Another BeniComp answer is Pulse, a software program software Pressler was engaged on earlier than coming onboard. 

“We have an upcoming new version of the software that we’ll be announcing early next year. But it’s the same concept where we were able to take in all of the blood data and claims data, identify those underlying health risks and then engage with those risks and coach people for preventative care,” Pressler says. “So it’s the software that runs the population health part of the business.” 

An organization’s plan relies on the wants of the worker inhabitants, however the teaching and preventive care is all individualized. With this artistic perspective, there may be by no means a one dimension suits all angle towards medical health insurance. 

For Pressler, melding well being and know-how was a particular work focus as he and his Brazilian spouse started looking for a house in Florida to be nearer to household. 

Pressler explains, “I grew up in Fort Wayne, Indiana, and one thing is true: everyone goes to Florida for spring break. So my wife and I were traveling around from Savannah to St. Augustine, visiting about 13 different cities, and around that same time as when we were traveling, I reconnected with BeniComp. We visited Tampa and everything fell into place.” 

And for this midwest native, California artistic, Tampa itself is a hub of innovation. 

“We just love the city,” says Pressler. “It has all of the wonderful things that come with a big city, like big sports and big business, but it still feels Midwestern in nature. You have a lot of really nice people, in addition to the beautiful beaches.” 

To be part of BeniComp’s innovation workplace in Tampa is the proper match for Pressler, merging creativity with know-how within the quickly altering insurance-technology house. ♦