Delivering the expertise, analysis and strategic advice to help clients address the impact of the Affordable Care Act.
As an independent nationally recognized consulting firm with the knowledge to help clients understand the impact of the Affordable Care Act (ACA), we have the expertise to develop long term strategic plans that drive organizational results.
With competencies in health & welfare employee benefits, compensation, retirement plan services, and human resources management, we provide a multi-disciplinary approach and creative thinking to crafting customized solutions for each client.
Do you know how the Affordable Care Act will affect your institution…and are you prepared?
Chernoff Diamond has the expertise to help you navigate this new and uncharted territory. Our consultants bring in-depth, seasoned perspective, as well as creative cost-effective solutions and a suite of services to help you prepare, administer, monitor and evaluate the legislative and legal challenges that lie ahead.
We understand that a cost benefit analysis needs to go beyond the numbers. There are several factors that need to be considered prior to reaching conclusions and finalizing recommendations including competitive environment, labor market pressures, workforce dynamics, total compensation mix and employee relations to name a few. Our broad perspective and business acumen allows us to provide institutional specific advice to drive successful outcomes.
ADMINISTRATION & COMPLIANCE GUIDANCE
Our in-house compliance experts can ease the burden and anxiety of meeting the myriad of complex employer requirements. From W2 reporting, MLR rebate distribution and automatic enrollment and beyond, we have it covered.
FINANCIAL IMPACT & PROJECTIONS
We assess the short and long-term financial impact of all ACA provisions and medical cost drivers. Our financial modeling takes into account claims and utilization, employer penalties, safe harbor affordability testing, eligibility, tax deductions and payroll tax-savings among others.
LEGISLATIVE & REGULATORY UPDATES
Healthcare reform is a work in progress. We provide routine newsletters, host webinars and conduct seminars to help keep our clients abreast of regulatory guidance and legislative changes.
COMMUNICATIONS & EDUCATION
We have the credibility and knowledge to provide effective communications across multiple campus constituencies from executive leadership, finance, human resources and employee groups; we speak the language to help facilitate understanding and informed decision making at all levels.
MONITORING & ONGOING EVALUATION
The healthcare market is and will remain a very fluid environment in the years ahead. Our consultants make it a business priority to stay abreast of latest developments and trends so you can make timely and appropriate adjustments along the way. In this dynamic environment complacency is not an option; we continuously measure outcomes against stated institutional objectives and remain vigilant for unintended consequences.