C.M. Smith brings a unique focus to hospitals and health care entities, starting with our significant presence as an advisor to many Connecticut hospitals. We are an active participant in the national Benefit Advisors Network Hospital Practice Group. The Practice Group develops best practices in key subject areas, such as:
- Knowledge of plan designs
- Linkage of “in-house” hospital pharmacy with PBM
- Presence of Predictive Modeling
- Benchmarking
- Worksite marketing buying patterns
- Building a Wellness / PHM Strategy
- Reimbursement of domestic claims
- Dependent Eligibility Audits
- Traditional hospital Paid Time Off
- Critical need for front-end EAP
- LTD focus on sub-specialty definition
- Target habitual overuse of medical services
- Hospital interest in the “Medical Home” model
Our partnership with the Integrated Benefit Institute (www.ibiweb.org) provides our clients with specific tools to measure lost productivity and absence costs from poor employee health, bringing scientific analysis to a critical business priority for many hospitals.