Health Care Industry
Wouldn't it be nice to only have to worry about providing care to your patients, and not all of the other worries that go along with it? That's why we've developed the Health Care Industry Program. Designed by benefits advisors who specialize in providing solutions to meet the unique needs of the health care industry, this exclusive program is designed to help you worry less about your and your employees' financial security and focus more on delivering care to your patients.
The health care industry is facing workforce shortages that are affecting patient care. There are approximately 118,000 nursing vacancies at hospitals nationwide1. This workforce shortage makes it a necessity for healthcare organizations to offer competitive benefits and retirement packages in order to recruit and retain skilled workers.
We are able to offer employee benefit programs that demonstrate high quality while reducing costs. By working through an exclusive trust agreement with Alexander Benefits Consulting, a subsidiary of National Financial Partners, Corp. with expertise in serving the unique needs of the health care industry, including hospital systems, physician groups, nursing homes, and medical suppliers, we strive to provide you with more competitive rates on many benefits. This collaboration is designed to provide:
- Extended rate guarantees
- Higher tolerable loss ratios and reduced expenses
- Underwriting at both the individual entity level and pooled groups
- Variable benefit designs
- Higher guarantee issue limits and related provisions
- Unique relationships with several best-in-class vendors
Your patients expect and deserve the best care that you can provide, and your employees deserve the same level of service from us. We will help you create a competitive benefits package that may assist you in recruiting the quality skilled professionals you need in order to be able to meet the needs of the people who depend on you for their healthcare.
Physician Disability Products
In addition, through a collaboration between Benefits Partners, Principal Financial Group (PFG), and Specialty Group Insurance (SGI), we have developed a long-term disability (LTD) product tailored to meet the unique needs of physician groups and hospital systems. This product can be tailored to each physician's practice and specialty and will be available.
1. American Hospital Association. (2005). Prepared to Care: The 24/7 Role of America's Full-service Hospitals.