Nava Benefits
Industry
Real Estate
Healthcare
1 more industry(es)How the Paskin Group decreased plan costs and increased utilization with a multi-year strategy.
Summary
The Paskin Group partnered with Nava Benefits to overcome administrative and cost challenges in their employee benefits plans, transitioning from age-banded to composite rating and increasing employee...
Products
Benefits Administration/Insurance
Composite Rating Structure
A group-based benefits premium calculation method replacing age-banded pricing to simplify costs and improve affordability.
Sample Category
Sample Product 2
Sample product description for demonstration purposes.
Sample Category
Sample Product 3
Sample product description for demonstration purposes.
2 more products available
Challenges
- High and unpredictable costs due to age-banded pricing
- Lack of real-time visibility into operations
- Difficulty in scaling current infrastructure
- High operational costs due to legacy systems
- Poor data integration across departments
4 more challenges available
Solutions
- Transition from age-banded to composite rating structure for benefits
- Deployed real-time monitoring and analytics platform
- Migrated to cloud-based scalable infrastructure
- Modernized legacy systems with new technology stack
- Integrated data across all business functions
4 more solutions available
Outcomes
- 12% increase in medical enrollment
- Achieved 24/7 real-time visibility and monitoring
- Successfully scaled operations to support 3x growth
- Decreased operational costs by 40% annually
- Improved data accuracy and accessibility by 85%
- Automated 70% of manual processes
5 more outcomes available
Target Organization
The Paskin Group
Description: A real estate investment and management company based in Santa Barbara, California, focused on valuing and supporting its employees.
Industry:Real Estate, Construction and Architecture