Driving Cost Efficiency in Employee Benefits Post-Merger

Challenge

The merger of two major liquor distributors created a critical challenge: how to cost-effectively assimilate the two companies' benefits programs into one unified, scalable program. Both entities had fully insured benefits plans, but combining them required a more strategic approach to balance affordability and coverage.

Solution

Already a trusted partner of one of the companies prior to the merger, Hylant was uniquely positioned to lead this effort. Recognizing the need for a long-term solution, we proposed transitioning to a self-insured arrangement to manage costs effectively while supporting the growing workforce.

Hylant's employee benefits team worked closely with the client’s CEO, CFO, and CHRO to implement and continually refine a series of innovative initiatives, including:

• Pharmacy Carveout Program: Reduced pharmaceutical expenses by unbundling pharmacy benefits.
• Onsite Health Screenings: Encouraged preventive care to control long-term healthcare costs.
• Plan Unbundling: Improved transparency and flexibility in benefits administration.
• Clinical Navigation Pilot: Empowered employees with tools to make informed, cost-effective healthcare decisions.

The collaborative approach fostered by the CEO’s active engagement and open-minded leadership ensured both a seamless integration and long-term success of the benefits programs.

Strategically integrating benefits programs can streamline operations, control costs and improve employee satisfaction. With the right partner, you can create a scalable solution that supports your business and workforce as they grow.