Financial Management and Claim Analytics

As your partner, Financial Concepts continually evaluates the latest employee benefit products and services and keeps you up-to-date on the trends and regulations.

Claims Data Analysis
Financial Concepts can help you identify potential problems and large (unidentifiable) claims, uncover your next high claim, find underlying causes of claims, determine solutions and drill down into the data for additional information by utilizing our claims data analysis resources.

Benchmarking Reports
Our web-based benchmarking reports help you determine how your benefit plan compares to other companies in your competitive marketplace as well as help you control costs.  The report uncovers the prevalence of benefit practices, cost-sharing arrangements, eligibility, and plan provisions, and also quantifies the value of benefit plan provisions.  Drawing upon data from a national survey, our advisors provide you benefits benchmarking information based on size, industry, and geographic locations.

Benefits Statements
Often times an employee will judge their compensation on salary alone.  As employers know, there is much more that contributes to the cost of hiring and retaining a valuable employee.  Benefit statements are a creative way to demonstrate the employer’s financial investment in their employees – showing their annual salary, combined with the employer’s contributions to their insurance benefits, as an entire compensation package.

We can help create customized benefit solutions for your organization. Give us a call at 763-450-1800 or email us at info@fci-benefits.com for more information.