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Faith Community Hospital, located in Jacksboro, TX, is a community hospital serving the residents of its surrounding counties. They offer a wealth of medical services, including inpatient care, minor surgeries, obstetrics, and other healthcare services. They have experienced 7 to 9% rate increases year after year, paying $1.9 million annually on health insurance alone. The trend was unsustainable.
Spent $1.9 M annually on health insurance alone.
Experienced a 7-9% rate increase year after year.
Utilizing the Remodel Health platform, Faith Community Hospital was able to . . .
Reduce the cost of health benefit expenses.
Unlock tax credits.
Give their employees plan options.
Along with the substantial annual savings, Faith Community Hospital was able to keep similar benefits and services at a more sustainable cost. As a hospital, these savings helped transition them from a cost center to a revenue generator.
Without the annual rate increase of 7 to 9%, Faith Community Hospital saved over $1 million within its first year and will see an additional $1M+ savings annually. FCH was not tapping into any tax credits on their self-funded plan. When they transitioned onto Remodel Health’s platform, they unlocked over $500,000 in annual tax credits. Each employee was able to select for themselves an individual plan that met their needs. As Remodel Health customers, each employee received a health benefits advisor who is available to provide guidance and insight.
$1M+ IN ANNUAL SAVINGS
UNLOCKED TAX CREDITS
CHOICE AND FREEDOM
