Captivated Health Celebrates a Decade of Transformative Healthcare Excellence

METHUEN, Mass. - Aug. 2, 2024 - PRLog -- Captivated Health, powered by Borislow Insurance, celebrated its 10th anniversary this July. A pioneer in innovative healthcare solutions, Captivated Health is revolutionizing healthcare for independent schools and their communities by significantly improving schools' bottom lines.

Outstanding Achievements Over 10 Years:

• Healthcare Claims Trend: 4% - 5% claims trend vs. 8.5% in most markets.
• PBM Optimization: Reduced pharmacy spend by approximately $20-$25 per member per month, making prescription drugs more affordable and accessible.
• Captive Surplus: Returned over $10 million, lowering stop loss premiums.
• Healthcare Reserves: Accumulated over $40 million on balance sheets, collectively.
• Stop Loss Premium: Averaged a modest 12.2%, well below the industry norm of 15-20%.
• Community Loss Ratio: Achieved an outstanding 94%, 6% below expectations.

Captivated Health is demonstrating exceptional financial stewardship by managing a total budget of over $400 million since its inception, achieving 95% retention of members compared to the usual 70% common in the same space, as well as accumulating $40 million in healthcare reserves on members' balance sheets. As healthcare costs are increasing by 8.5% nationally, Captivated Health is making significant strides by delivering market-leading renewal performance of less than 4% for the 2024-2025 plan year and 1.2% in 2023-2024, well below ordinary inflation.

"Reaching this incredible milestone is a testament to our relentless commitment to make healthcare easier and more affordable for people," said Mark Gaunya, Founder of Captivated Health. "We are immensely proud of our collaborative journey with schools over the past decade. Our success reflects our dedication to providing market-leading healthcare solutions that truly make a difference. We are excited for the future as we continue to lead and innovate, shaping the future of healthcare for our members and their employees."

Tom Murphy, CFO of Harpeth Hall in Nashville, TN, said, "Captivated Health has created a buzz on campus by offering tools and resources that our employees have never had before. The innovative solutions provided by the program have significantly improved engagement and health outcomes, aligning with our commitment to employee well-being."

About Captivated Health: Powered by Borislow Insurance, Captivated Health specializes in providing comprehensive, custom-tailored, self-insured healthcare solutions that empower independent schools and their communities. Certified by Berkley Accident and Health for our 'Excellence in Health Risk Management', Captivated Health transforms health insurance expense into an asset by promoting consumerism and overall well-being, leading to sustainable healthcare cost increases for all.

For more information, please visit Captivated Health's Website (https://captivatedhealth.com/).