The College of Holy Cross began its search for a new employee healthcare benefit provider last spring when Fallon Health, their longtime carrier, announced that it was leaving the commercial market. As part of the selection process, the school evaluated whether it made sense to remain fully insured or move to a self-insurance arrangement. “Given our size and claims experience, we felt it was the right time to become self-funded and gain more control and cost transparency for our healthcare benefit program,” said Marymichele Delaney, the college’s Chief Human Resources Officer.
Over 950 faculty and staff work at the school. “Holy Cross is at a size where self-funding makes sense,” said Jessie Campbell, Holy Cross’s advisor and a principal at Strategic Benefit Advisors. The school selected Harvard Pilgrim Health Care as its plan administrator. As edHEALTH offers this carrier, the school explored moving into the edHEALTH purchasing collaborative. The ability to offer similar plan designs with minimal disruption to employees was one of the reasons Holy Cross is joining edHEALTH effective January 1, 2022. Leveraging group purchasing power, risk management programs, and collaboration were other key benefits.
“Working with colleagues on the challenges of rising healthcare costs is a unique benefit of edHEALTH,” said Marymichele. “edHEALTH is a leader in several key areas, such as population health initiatives, wellness initiatives, and a pharmacy purchasing collaborative.” Marymichele was one of the first Board members of edHEALTH when it launched when she worked at Wellesley College, a founding member. “The care and thoughtfulness of each decision the board members faced was an impressive introduction to the power of being part of edHEALTH, and I look forward to rejoining the organization in my new capacity at Holy Cross,” she said.
“edHEALTH provides the advantages of collective purchasing, reduced administrative and stop-loss costs, and access to programs that Holy Cross might not have on a standalone basis, such as carve-out prescription drug benefits,” said Jessie. “We are excited to be supporting Holy Cross in this endeavor and look forward to working collaboratively with edHEALTH.”
“We are thrilled to welcome the College of Holy Cross to our organization,” said Tracy Hassett, edHEALTH’s president and CEO. “The school is our fourth Jesuit higher education institution, and we have expertise in supporting each school’s plan accommodation needs.”
Founded in 1843 by the Society of Jesus (Jesuits), the College of the Holy Cross is a highly selective, undergraduate liberal arts institution focused on excellence in teaching, learning, and research. Located in Worcester, Massachusetts with approximately 3,100 enrolled students, members of the Holy Cross community seek to exemplify the school's longstanding dedication of the Jesuits' commitment to developing the whole person: intellectual, spiritual, and personal within the context of the global community.