Financial Management Approach
Alera Group offers comprehensive financial management services and analysis across all aspects of your benefits program, including:
Develop a baseline of long-term costs and potential cost variability. Assess the potential impact of a program strategy and vendor changes and conduct a risk assessment.
Develop and update budget projections, set rates and provide long-term cost projections.
Provide regular monitoring and an executive dashboard, identify key cost drivers and conduct large claims reporting.
Financial Reporting & Reserving
Establish incurred but not paid (IBNP) reserve, conduct retiree medical valuations and provide quarterly financial reporting support.