Popular on eTradeWire
- Columbus Wizards Secure Thrilling 113-112 Victory in Final Home Game of the Season - 169
- Texas Center For Oral Surgery & Dental Implants Launches Redesigned Website to Enhance Patient Experience - 164
- Tiffany Mfume Named One of 2025 Women of the Year and Women to Watch Honorees - 156
- Discover the latest trends and fashion - 145
- EZsolutions and Savify Partner to Deliver AI-Powered Online and Digital Solutions to Over 500,000 U.S. Businesses - 122
- We all march for different reasons, but we march for the same cause - 121
- Paris Hilton, Congress Praised for Teen Behavioral Treatment Abuse Prevention - 119
- Rising Southeastern Rap Star V3ndetta00 Kicks Off 2025 with Electrifying Single "Push" - 116
- The Fabulous Fanshaws Book Three - 107
- Jacob Park UF: University of Florida Student, Wesley Chapel Resident, and Gainesville Innovator - 104
Similar on eTradeWire
- HealthGuard Insurance Launches Revolutionary Online Platform for Life Insurance Shopping
- Ohio Medicare (Plan Brian C. Moore), has once again been distinguished as Ohio's Top-Ranked and Number-One-Rated "Best Choice" Medicare Expert!
- Manchester Insurance Announces Best Rates in Florida for Home Insurance
- Home Insurance Myths That Cost Unknowing Homeowners
- WalkerHughes Insurance Expands Footprint With Acquisition of Independent Brokers Agency LLC
- Educational Services & Consulting (ESC) Publishes Comprehensive Guide on Frozen Pipe Prevention Amid Florida Freeze Warnings
- How Mackenzie Morey Helps Insurance Agents
- Employer Group Health Insurance Options and the ICHRA
- Drive Smart in Gainesville with 5 Essential Auto Insurance Tips
- A1 Insurance Offers Quick-Quote Solutions for Car Buyers
Captivated Health Celebrates a Decade of Transformative Healthcare Excellence
eTradeWire News/10777449
A pioneer in innovative healthcare solutions, Captivated Health is revolutionizing healthcare for independent schools and their communities by significantly improving schools' bottom lines.
METHUEN, Mass. - eTradeWire -- Captivated Health, powered by Borislow Insurance, celebrated its 10th anniversary this July. A pioneer in innovative healthcare solutions, Captivated Health is revolutionizing healthcare for independent schools and their communities by significantly improving schools' bottom lines.
Outstanding Achievements Over 10 Years:
Captivated Health is demonstrating exceptional financial stewardship by managing a total budget of over $400 million since its inception, achieving 95% retention of members compared to the usual 70% common in the same space, as well as accumulating $40 million in healthcare reserves on members' balance sheets. As healthcare costs are increasing by 8.5% nationally, Captivated Health is making significant strides by delivering market-leading renewal performance of less than 4% for the 2024-2025 plan year and 1.2% in 2023-2024, well below ordinary inflation.
More on eTradeWire News
"Reaching this incredible milestone is a testament to our relentless commitment to make healthcare easier and more affordable for people," said Mark Gaunya, Founder of Captivated Health. "We are immensely proud of our collaborative journey with schools over the past decade. Our success reflects our dedication to providing market-leading healthcare solutions that truly make a difference. We are excited for the future as we continue to lead and innovate, shaping the future of healthcare for our members and their employees."
Tom Murphy, CFO of Harpeth Hall in Nashville, TN, said, "Captivated Health has created a buzz on campus by offering tools and resources that our employees have never had before. The innovative solutions provided by the program have significantly improved engagement and health outcomes, aligning with our commitment to employee well-being."
About Captivated Health: Powered by Borislow Insurance, Captivated Health specializes in providing comprehensive, custom-tailored, self-insured healthcare solutions that empower independent schools and their communities. Certified by Berkley Accident and Health for our 'Excellence in Health Risk Management', Captivated Health transforms health insurance expense into an asset by promoting consumerism and overall well-being, leading to sustainable healthcare cost increases for all.
More on eTradeWire News
For more information, please visit Captivated Health's Website (https://captivatedhealth.com/).
Outstanding Achievements Over 10 Years:
- Healthcare Claims Trend: 4% - 5% claims trend vs. 8.5% in most markets.
- PBM Optimization: Reduced pharmacy spend by approximately $20-$25 per member per month, making prescription drugs more affordable and accessible.
- Captive Surplus: Returned over $10 million, lowering stop loss premiums.
- Healthcare Reserves: Accumulated over $40 million on balance sheets, collectively.
- Stop Loss Premium: Averaged a modest 12.2%, well below the industry norm of 15-20%.
- Community Loss Ratio: Achieved an outstanding 94%, 6% below expectations.
Captivated Health is demonstrating exceptional financial stewardship by managing a total budget of over $400 million since its inception, achieving 95% retention of members compared to the usual 70% common in the same space, as well as accumulating $40 million in healthcare reserves on members' balance sheets. As healthcare costs are increasing by 8.5% nationally, Captivated Health is making significant strides by delivering market-leading renewal performance of less than 4% for the 2024-2025 plan year and 1.2% in 2023-2024, well below ordinary inflation.
More on eTradeWire News
- A.N. Publishing Debuts Logo For The Upcoming Platform 'The Ambony'
- Netberg supports Ubuntu 24.04 Noble Numbat
- Canada Platforms Launches Its Official Website
- HealthGuard Insurance Launches Revolutionary Online Platform for Life Insurance Shopping
- Art Exhibition - Robert Levine: CARS
"Reaching this incredible milestone is a testament to our relentless commitment to make healthcare easier and more affordable for people," said Mark Gaunya, Founder of Captivated Health. "We are immensely proud of our collaborative journey with schools over the past decade. Our success reflects our dedication to providing market-leading healthcare solutions that truly make a difference. We are excited for the future as we continue to lead and innovate, shaping the future of healthcare for our members and their employees."
Tom Murphy, CFO of Harpeth Hall in Nashville, TN, said, "Captivated Health has created a buzz on campus by offering tools and resources that our employees have never had before. The innovative solutions provided by the program have significantly improved engagement and health outcomes, aligning with our commitment to employee well-being."
About Captivated Health: Powered by Borislow Insurance, Captivated Health specializes in providing comprehensive, custom-tailored, self-insured healthcare solutions that empower independent schools and their communities. Certified by Berkley Accident and Health for our 'Excellence in Health Risk Management', Captivated Health transforms health insurance expense into an asset by promoting consumerism and overall well-being, leading to sustainable healthcare cost increases for all.
More on eTradeWire News
- Trump Inauguration updates include views from Imafidon, Musk, Udotong and other world leaders
- Pyrrhic Press Publishing Revives the Historic Acta Eruditorum
- Fresh Water Ventures acquires Able Heating & Cooling
- The Wisest Man in Giza: The Pyramid of Business Success
- Scientology Network Celebrates Stanley Clarke's Musical Journey and the Making of His New Album
For more information, please visit Captivated Health's Website (https://captivatedhealth.com/).
Source: Captivated Health
Filed Under: Insurance
0 Comments
Latest on eTradeWire News
- Best Outdoor Accommodations: Southern Utah Retreats and Sand Hollow Vacation Rentals
- A new single by Princess of AEE, Shardella Sessions
- Chioma Chime Releases Groundbreaking Children's Book: Don't Touch Me There: The Personal Bubble
- Discover Southern Utah Retreats: Relaxation and Activities for Everyone
- Neighborhood Parcel Announces Small Adjustment to Shredding Service Rates, Keeping Costs Among the Most Competitive in Boston, MA
- Global Collaboration Enhances Accessibility of Climate Data for Scientific Research
- No Discrimination in Los Angeles Wildfire Relief to Black Homeowners
- Save The Bees USA Launches Pollinator Habitat Restoration in Dallas, TX
- Georgia Veterans for America First State Chapter in route to DC VFAF said Stan Fitzgerald
- Johnny Mercer Musical Premiering At Don't Tell Mama
- Support the Whiteside Church Preservation Society (St. Patrick's) in Cape Breton
- Butterbrain To Release Video For The Song "Hold Tight"
- This Chicken Got Hands -A Top And One Of The Best Mobile Game Unleashed By "Kdanss Games" For The Play Store On "Android" And The "Iphone" App Store
- Support the Whiteside Church Preservation Society (St. Patrick's) in Cape Breton
- LokiBots Unveils New Digital Human Feature: Avatar!
- CARBONELL AWARDS Seek College-Bound Applicants for 2025 Jack Zink Memorial Scholarships
- EFLOW FX Launches New Precious Metals Market with Free Worldwide Delivery
- SUN & STARS INT'L FILM FESTIVAL to Welcome Seven Cinematic VIPs in WPB & Delray Beach
- TradeTek 2.0 Construction Takeoff and Estimating Software
- Get to know Dr. Raphael E. Cuomo, PhD, Professor and Scientist at the University of California, San Diego