Managing Health Care Costs: A Breakthrough Solution
CareBond Advanced Funding has developed a proprietary model that quantifies healthcare costs incurred by employers. Future health care costs are converted into a more manageable “budgetable” item that may yield significant savings. The actuarial software module of the Advanced Funding Model, brings to market a non-traditional method of stabilizing the volatile cost by bringing together all of the disciplines necessary to implement the Model. The Advanced Funding Model, which is AAA rated by Moody’s (the highest rating), is a turnkey solution joining actuarial sciences, health care benefits specialization, corporate, legal, accounting and asset management.
The CareBond Advanced Funding Model
The CareBond Advanced Funding Model uses its proprietary software to design and help eliminate uncertainty by projecting and implementing a fixed health care cost for a plan sponsor for the next three years, while alleviating under-funded liabilities and compliance issues.
In either a self-funded or fully insured environment, the volatility of health care costs is eliminated, since the money used to pay either claims or premiums for the next three years becomes available at funding.
Formerly unknown and unpredictable costs are converted into a current fixed-cost obligation, with future health care costs becoming a defined “budgetable” line item for the next 36 months .
More than 20 years of development
Complex and proprietary mathematical, statistical & actuarial Software model program
Populated with database of 22 million lives dating back to the 1950’s
Updated monthly (various demographics)
Compiled by state, county & region
Legal & business structure of financing transaction integrated into the CareBond Advanced Funding Model