Millennium Administrators named to the Philadelphia 100 for helping employers to control healthcare costs

Oct 5 2009

Millennium Administrators, a healthcare consulting firm specializing in administering employee healthcare benefits, has been recognized as one of the fastest growing companies the Greater Philadelphia Region. Millennium was named to the Philadelphia 100 for the second time in the past three years.

"The growth of Millennium is a testament to our success in helping employers control the costs of their health insurance benefits," said Sara Picard, president, Millennium Administrators. "By offering customized benefits strategies and highly personalized service, we are able to help employers stretch their healthcare dollar while providing a quality benefit to their employees."

One of the ways in which Millennium has helped employers save money is by designing and managing highly customized prescription drug plans. These plans have saved employers as much as 30 percent when unbundled from fully insured medical plans.

Millennium has also implemented cost-containment strategies that have helped clients reduce costs on their entire health insurance benefit package. Most notably, Millennium helped one regional municipality with 900 employees save $5 million in healthcare expenditures, while improving the benefit offerings for employees.

Millennium owes its success not only to new business acquisitions but to the high level of satisfaction of its existing clients as well. According to Picard, Millennium boasts a client retention rate that exceeds 95 percent.

SOURCE: Millennium Adminstrators