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i ~ <br />The <br />Welch <br />C0"'Pa"y Risk Evaluation and Manaaement <br />-- Part one of six components of a Model for Health Plan Review <br />We believe in using a six step approach to a benefit plan consulting <br />engagement. <br />-- The first step, Risk Evaluation and Management, uses a "wide angle lens" <br />to view how all benefit programs sponsored by a district fit into the group as <br />a whole. Often, the benefit package make-up is a result of past programs. <br />The "we've always done it this way" mentality is weighed against market <br />factors to be sure the current programs squeeze the most out of the benefit <br />dollar while meeting the needs of the employees. <br />While most effort in this area is concentrated on the medical plan, other <br />healthcare coverages such as dental and vision can benefit from this <br />investigation. <br />-~ Included in Risk Evaluation and Management are the following disciplines: <br />~ Industry Age, Cost, and Risk Assessment <br />- Industry Utilization Graphing <br />Optimum Provider Utilization <br />- Needs versus Health Assessment <br />Sites of Care Evaluation <br />- Demand Management <br />The result of this first evaluation will provide the consultant with a priority list <br />of projects within the benefit categories, as well as a measure of <br />expectation and outcome from the investigation. <br />