Roundstone Management has partnered with SoutheastHEALTH to underwrite health insurance coverage for the Southeast First Option Health Plan, a provider-sponsored plan for the Missouri-based health system.
Under the agreement, Roundstone will provide back-office insurance services, including underwriting, policy, excess claims administration and captive management.
Roundstone president Michael Schroeder commented: “We are excited to be involved with such an innovative and efficient delivery of healthcare benefits to the commercial market. By directly contracting with SoutheastHEALTH, the employers will further reduce their fixed costs and better manage their claim costs.”
He added: “The efficiency of our self-funded captive solution makes these type of relationships turnkey and incredibly effective. It draws the community to the provider system, while reducing costs for the employers as well as the employees.”
The self-funded plan will be available to employers with 25 or more employees. Schroeder stated: “I believe we are at a tipping point in healthcare insurance, and these types of direct arrangements, coupled with the financial efficiency of our captive model, will be how health benefits are delivered in the middle market going forward.”
