Key Features
- Secure most competitive price for services
- Maintain visibility throughout the process
- Automatically re-use all information in other HR processes
- Capture and store audit trail of entire process
ROI Stats
- Reduced plan administration costs by 50%
- Completed 138 medical plan renewals in 8 weeks
- Reduced internal & external processing fees by 45%
- Reduced RFP process from 6 months to less than 3 months
HighRoads helped us deliver the best possible plans at the right price, while establishing a highly repeatable process for continually driving value to the organization."
Procurement & Renewal Service
HighRoads Procurement & Renewal Service, a component of HighRoads' HR Control suite of services for benefits supply chain management, manages the procurement and renewal of Human Resources (HR) plans and services. HighRoads health and welfare strategists apply your program strategy to the procurement and renewal process, automating the administrative tasks and completing the total process in one third the time and at one third the cost of using an HR consultant.
Over the past nine years, HighRoads has perfected the collection and analysis of qualitative and quantitative data resulting in the most effective HR plan procurement and renewal process. Standard features include a reverse auction, scoring and weighting of questions, data, network discounts and disruption analysis. Custom reporting and decision support tools automatically analyze and score vendor proposals against pre-determined criteria in order to determine the best vendor, the best plan or service, and the best price.
The HighRoads Procurement & Renewal Service delivers the following benefits:
- Complete solution of health and welfare expertise and industry standard technology
- Competitive, transparent bidding environment resulting in lower costs
- Standard bid comparison and disruption reports for better, faster decisions
- One system of record for complete management of the benefits supply chain
The service is the starting point for the benefits supply chain management process. Client data collected during the procurement process can be deployed in summary plan descriptions and seamlessly passed to third party organizations such as the benefits administrator, eliminating the need to re-enter plan and pricing information during the annual enrollment system implementation.
HighRoads Procurement and Renewal Service is an industry standard, supported by over 700 health and welfare vendors. Please select one of the following links to view the list of vendors in that category:
