Hospital/Health System Savings Calculation Tool

The following tool was designed to help Vizient representatives determine the savings opportunity for member hospitals & health systems. This simple calculator is based on the total number of employees and is meant to be a high-level calculation centered on industry standard assumptions.

For a typical dependent eligibility verification audit, Consova routinely identifies 5-8% of enrolled dependents (spouses & children) to be ineligible for coverage. For those organizations with a working spouse provision (spouse surcharge or exclusion), our Other Coverage Verification solution typically converts an additional 15-25% of enrolled spouses to the rule (above and beyond pre-audit participation).

Simply enter your desired values into the fields below to get the projected savings.

Sample Savings Estimator (Enter Values Below)
Key Statistics
Employees
Employees Enrolled (assumes 90% of EE's)
0
Dependent-Covering Employees (assumes 70% of Enrollees)
0
Total Dependents (Spouses & Children) Enrolled (2:1 ratio)
0
Avg. Annual Cost /Dependent (National Average) $
0
Working Spouse Provision
Annual Fee/Cost Per Spouse/Domestic Partner $
Spouses/Domestic Partners (DPs) Enrolled
Spouses/DP's Currently Participating in the Rule
Spouses to be Reviewed
0
Projected Savings
Dependent Eligibility Verification
IneligiblesSavings
%
0
0
 
Other Coverage Verification
ConvertedSavings
%
0
0
Total Savings $
0
Hospital's Net Profit Margin %
Gross Revenues Needed to Achieve Same Result
$
0

Additional Resources

Additional files for more information (click to open and save the file):

Children's Hospital Case Study

Large Hospital Case Study

Vizient Prospect Information Request

Consova Vizient Savings Opportunity

Should you have any questions, please don't hesitate to reach out to our dedicated Vizient contact:

John Cratin
Senior Vice President
Phone: 215-351-5151
Email: john.cratin@consova.com

Corporate Office: 866-529-9107