Roundstone, an Ohio-based health insurance provider specialising in a self-funded group captive solutions, has reported a $4.2 million pro rata cash distribution to business owners across the nation currently enrolled in Clarity, the company's group medical captive.
The distribution represents 17 per cent of premiums in the pool in a year profoundly impacted by a global pandemic.
The savings are largely a result of their cost containment measures and consulting services that are bundled in with its health insurance solution.
Roundstone explains that the key impact areas in the past year included a swift pivot to telemedicine, better management of high drug costs, well-being programmes for treatment of anxiety and depression, and more effective management of chronic conditions such as diabetes and heart conditions.
Roundstone's president Mike Schroeder says: “Over the past few years, we have returned over $30 million dollars back to our customers.”
He adds: "These are smaller organisations who have banded together for greater scale, shared risk and purchasing power. With Roundstone, employers get best-in-class, competitive health benefits for their employees, and also finally gain control of one of their top business expenses. It's a win-win for employer and employee."
In November, Roundstone announced an additional $1.4 million in cash distributions to business owners across the US.
