2019 Annual Meeting
There was lots to celebrate at this year's Annual Meeting: 20 members before 2020; beating healthcare cost trends; financial performance; and $2 million in dividend distributions.
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Nancy McConaghy Named Business Development Executive at edHEALTH
Nancy McConaghy Named Business Development Executive at edHEALTHLong-time Harvard Pilgrim Health Care Account Executive Brings Unique Expertise to the Role NORTHBRIDGE, MA, June 20, 2019 - EdHEALTH, the member-owned healthcare purchasing collaborative for colleges, universities, private and charter schools, welcomed Nancy McConaghy, former Harvard Pilgrim Health Care Senior Account Executive, as its Business Development Executive. In this new role, McConaghy will be responsible for membership growth and retention.McConaghy was the account representative for edHEALTH’s Harvard Pilgrim Health Care Administrator and helped to ensure member satisfaction for the colleges, universities, and their employees enrolled in the Harvard Pilgrim health plan option. She served in that capacity since edHEALTH’s inception six years ago. With over 25 years of experience in account management for major ...
Read Full ArticleFuture of Health Care Event
https://www.bizjournals.com/pittsburgh/news/2018/10/25/future-of-health-care-event-focuses-on-keeping.html?ana=e_ae_set2&s=article_du&ed=2018-10-25&u=LLzDdLBXhTpdIIhKX3U4jQ074f8000&t=1540495473&j=84639651
Read Full ArticleedHEALTH Announces New National Relationship with CoreSource for Benefits Administration
edHEALTH Announcement July 2018 .pdf
Read Full ArticleOlin College of Engineering's Stephen Hannabury Named Distinguished Business Officer of the Year by NACUBO
Stephen Hannabury Named Distinguished Business Officer of the Year by .webarchive
Read Full ArticleCollaborating to Cut Costs in Higher Education: Can It Be Done?
New England Journal of Higher Education: The Journal
Read Full ArticleChristmas comes early at Olin
The faculty and staff at Olin College of Engineering are getting a rare and unexpected holiday treat this month: a break from health insurance.Olin College officials said they’ve made so much progress in curbing health care costs this year that their employees don’t have to pay any premiums in December.For 96 people who work at the small Needham college, that means extra cash they can use for holiday shopping, or anything else.Olin is one of a dozen local colleges and universities that have teamed up to cut health insurance costs. Instead of buying coverage from insurers, they formed their own insurance company, sharing the costs and risks for their combined 10,000 employees.When those employees stay fairly healthy and medical claims are low, the schools save on insurance costs.The consortium, called EdHealth, includes colleges and universities in Massachusetts and Rhode Island and is...
Read Full ArticleNACUBO Business Officer Magazine
COST CONTROL Institutions that have joined to form health-care consortia are benefiting from cost savings, while being able to comply with complex and changing ACA regulations.Against the backdrop of mounting criticism over rising higher education costs, college and university business officers are looking for creative ways to cut those costs. For many, the area of escalating employee health-care prices is an ideal place to start. Across the country, several groups of higher education institutions have joined to form health insurance consortia, working together to provide benefits to their employees at a fraction of the cost they once paid individually."With the rising costs of higher education, anything we can do to lower that cost is important," says Tracy Hassett, CEO and president of EdHealth, a health insurance collaborative launched in 2013 by 11 colleges and universities in the...
Read Full ArticleWorcester Business Journal
College collaboration leads to self-insurance savingsWPI Executive Vice President and CFO Jeff Solomon and EdHealth CEO and President Tracy Hassett stand above a basketball court on WPI's campus. Among the many benefits of going self-insured for health insurance is being able to encourage healthy lifestyles among employees and target health needs.One year ago, when Worcester Polytechnic Institute dove into the high-risk, high-reward world of self-insurance, it hoped the gamble would pay off enough to keep tuition in check.Luckily, WPI had friends.WPI joined a new collaborative of colleges and universities – called Educators Health LLC, or EdHealth – that has allowed small- to mid-sized schools to pool their self-insurance efforts and keep potential outlandish costs in check. The result over that first year was less risk and more savings.Ditching full-coverage from insurance companies ...
Read Full ArticleThe Boston Globe
Colleges across region team up to cut health care costsEmployees at Worcester Polytechnic Institute saw something in their paystubs this year that they had not seen in many years: smaller deductions for health insurance.The decline was the result of an initiative that has brought WPI together with 10 other Massachusetts colleges and universities to form their own health insurance company, covering a combined 8,900 employees and their families. The initiative, called Educators Health LLC — or EdHealth — allows the schools to bypass commercial insurers by pooling their risk and money, and paying claims from that pool.If they can keep employees healthy and insurance claims low, the schools can keep the savings. Since the initiative was launched two years ago, the colleges combined have saved at least $10 million from what they were paying before and limited average insurance premium incr...
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