Reducing Premiums & Claim Costs for University Athletic Department

Issue

A university with over 15 athletic teams was struggling with rising insurance premiums under its previous provider. These challenges underscored the need for a proactive and strategic approach to control costs while maintaining quality care for student-athletes.

Solution

We implemented key policy changes and strategic negotiations, including:

• Requiring Insurance from Student-Athletes: Uninsured and underinsured student athletes were driving high claims costs. We introduced a structured program mandating coverage from approved insurance providers and verifying valid policies, reducing financial risks for the university.
• Negotiating with the University’s Primary Health Provider: By leveraging better pricing agreements for evaluations, treatments, rehabilitation, and physicals, we secured additional cost savings while improving access to care.
• Enhancing Administrative Efficiency: Our approach streamlined claims management and reduced administrative burdens, allowing the department to focus more on athlete support.

Outcome

Through a well-advised plan the university was able to see measurable savings since 2017, including:

• 20%+ reduction in total costs, including premiums and administrative expenses.
• Strengthened partnership with the university’s primary health provider through an established rate agreement.
• Ongoing cost sustainability through continuous policy and procedure adjustments.

Through a well-advised and evolving strategy, the university has achieved long-term financial savings while enhancing athlete care.

By continuously refining policies and adapting to industry changes, the university remains well-positioned to sustain long-term savings while ensuring high-quality care for its student-athletes. Our ongoing collaboration ensures that their insurance strategy remains efficient, cost-effective, and adaptable to future challenges.