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InterLutions Presents: Leveraging Data and Technology to Reduce Healthcare Friction

MILWAUKEE, WI – November 19, 2019 – InterLutions, a CUSO offering I-Care collaborative employee benefit solutions, sponsored and presented at an HR roundtable conference on Tuesday, November 12 hosted by The Wisconsin Credit Union League. HR professionals from across the state attended for networking opportunities, idea sharing, and to learn about trends in the human resources space concerning data, technology, and inclusion.

Jesse Kohl, President of InterLutions, communicating to a crowd of individuals.

Jesse Kohl presenting Leveraging Data and Technology to Reduce Healthcare Friction at The League’s HR Roundtable.

Jesse Kohl, President of InterLutions, highlighted the latest technology solutions available for credit unions. He also touched on several healthcare claims data reports that human resources departments can leverage to reduce cost and friction associated with offering competitive benefits to their employees. A key component of his presentation focused on how the costs of credit union employee medical insurance claims outperform other industries on a per-employee per-year (PEPY) basis. HR departments can use claims data reports, PEPY trends, and other forecasting metrics to negotiate better pricing from insurance carriers.

Per Kohl, the average premium that singles and families paid across all industries in the U.S. in 2018 increased 71% over the past decade, and the trajectory of healthcare costs over the next ten years will continue to rise at an even faster pace.

“We, as credit unions, owe it to our employees to deliver competitive benefits and to do so, we need to change our way of thinking about how we purchase insurance and deliver benefits,” said Kohl. “Through collaboration, data, and technology, credit unions can provide employees better benefits experiences.”

Attendees also learned about modernized cloud-based benefit administration systems that consolidate all plan options in one centralized platform to streamline the benefit management process. Kohl noted how employee expectations have evolved stating, “online enrollment, personalized apps, and artificially intelligent telemedicine capabilities are solutions consumers now expect from their employers’ benefit offerings.”

Modern leadership, diversity, inclusion, and authenticity were among other topics addressed at the conference.

“These roundtable events are so valuable for credit unions and I always come back to my HR team with impactful and actionable strategies,” said Dana Watts, HR Administrator of Winnebago Community Credit Union. “The collaborative model and innovative technologies presented by InterLutions are the primary reasons Winnebago Community Credit Union joined I-Care. Given the increased challenges associated with offering competitive employee benefits, it’s imperative for credit unions to band together to leverage our buying power and drive down medical insurance costs.”

Credit unions interested in learning more about I-Care’s collaborative employee benefit solutions can visit InterLutionsCUSO.com to watch I-Care informational and client testimonial videos.