• Employee Communications
  • About Us
  • Client Work
  • Our Team
  • Creative Solutions
  • Recognition
• Compliance
  • Crosscheck
• Executive Compensation and Corporate Governance
  • Corporate/Board Governance
  • Executive Compensation
  • Not-for-Profit and Higher Education
• Health & Welfare Benefits
  • Innovative Plan Design Strategy and Analysis
  • Claim Audits
  • Dependent Eligibility Audits
  • Budgeting/Financials
  • Data Mining and Benchmarking
  • Wellness/Individual Health Management
  • Health Plan Compliance
  • Network Analysis
  • Prescription Drug Benefits
  • Vendor Competitive Bidding and Renewal Negotiations
  • Funding Arrangements
  • Retiree Health and VEBAs
  • Healthy Enterprise Initiative
  • Consumer-Driven Health Plans
• HR Technology and Automation
  • Business Case Development
  • HR Business Process Redesign
  • HR Software & Services Selection
  • Insource/Outsource Decision
  • Process & Technology Assessments
  • Project Management & Implementation Oversight
• International HR and Benefits
• Investment Consulting
• Organization and Talent
  • Strategic Workforce Planning
  • Organization Design and Assessment
  • Operating Models and Work Systems
  • Talent Standards, Development and Succession
  • Retention Management
  • Strategy Execution
  • Human Resources Functional Effectiveness
  • Employee Value Proposition
  • Effective Performance Management
• Performance and Rewards
  • Broad-Based Compensation and Rewards
    • Job Structure and Evaluation System
    • Salary Structure
    • Base Pay Delivery
    • Incentive Plan Design
  • Pay Equity
  • Effective Performance Management
  • Total Rewards Strategies
• Retirement Benefits
  • Actuarial Services
  • Plan Design
  • Plan Governance
  • Risk Assessment and Mitigation
  • Investment Management
• Sales Force Effectiveness
  • Sales Strategy Development
  • Sales Force Organization
  • Sales Strategy Execution
  • Sales Strategy Support

Vendor Competitive Bidding and Renewal Negotiations

Sibson Consulting works to get the most from vendors for all the clients we represent. We make it our business to know a vendor's history, financial solvency and performance to date, and we bring that knowledge to the table on behalf of your organization.

It is critical that all renewal rates negotiated with vendors are reviewed and assessed to make sure they are competitive and appropriate given the experience and plan design of your organization. Sibson uses a fair but firm approach, based on our technical expertise as underwriters and actuaries, to ensure that you receive the right renewals from your vendors.

Our renewal and competitive bidding services include:

• Creating custom requests for proposals (RFPs) and analyzing responses in all lines of coverage from insurance companies and the full array of managed care organizations: health maintenance organizations (HMOs), preferred provider organization (PPOs) and point-of-service (POS) plans
• Aggressively negotiating vendor contracts so that you receive optimal, market-competitive contracts
• Reviewing yearly increases in each line of coverage:
  • Medical
  • Dental
  • Prescription drugs
  • Vision
  • Life/AD&D (many of our clients are under insured)
  • Stop loss
  • Short term disability/long term disability
  • Behavioral services - employee assistance programs, managed mental health review program utilization
  • Disease management, 24 hour nurse line, data mining
  • Long term care
  • Voluntary benefits