EXECUTIVE PHYSICAL PROGRAM

How one financial services firm enrolled 4 key leaders and lowered their net cost.

The Industry: Financial services firm

Company Size: 1000 Employees

Initial Challenge + Discovery

Leadership and HR team exploring options for providing Executive Physical and wellness programs.
Two options:
- Direct facility contract – Annual cost was approximately $4,000 per employee
- ArmadaCare fully insured solution – Annual cost was approximately $5,000 per employee

The Solution

Enrolled 4 Key Leaders
Company chose ArmadaCare because it provided follow-up coverage based on physician recommendations, navigation to specialists if needed, and easy administration of the plan.
Because of the tax-efficiency* in offering the benefit through a fully-insured plan, net cost was lower.

*This is not local, state or federal tax advice as each person and company is unique. It is recommended that you seek the independent counsel of a professional tax adviser.
Note: Executive Physicals are non-mandated, elective, pre-packaged, exams performed in addition to the annual physical that is covered by your primary health plan.

Facts & Figures

53% of executive physical patients have new and clinically important diagnoses discovered.

MAYO CLINIC, 2021

In 2021, ArmadaCare members were navigated to over 1,000 executive physicals in more than 200 locations.

ARMADACARE DATA, 2021

Members show a 58% increase in preventive services and 38% increase in wellness services after an executive physical.

ARMADACARE DATA, 2022

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