We're back with an all-new episode!

Joining us on Broken Benefits is Mike Adams, Innovative Benefits Thought Leader, who shares his experiences as a top benefits executive at Fortune 100 companies throughout his career.

Mike was a pioneer and developed foundational healthcare strategies that are now leveraged by many in today's day and age. Listen as we explore his career, the risks he took along the way, and the lives he was able to help change as a result of his innovative work!

Timecodes:

0:30 - Introduction and overview on Mike Adams

1:52 - How to approach vendors and manage those relationships

3:06 - A message from our sponsor, Catalize Health®

5:30 - It's important to deeply discuss the scope of work with your carriers

8:13 - What is a fireable offense within this relationship?

12:23 - Mike managed a -4.5% trend (compounded annually) at Dean Foods

15:40 - What a sustainable relationship looks like

20:32 - It's very important to understand the leadership team at the company you're working with

22:39 - How to take risks and protect yourself

24:14 - Dumping the vendor and not the strategy

28:03 - How to manage member disruption and mitigate it overall

30:00 - Working with populations across all demographics and care dynamics

35:33 - Healthcare has become transactional in today's day and age

37:53 - How Mike would approach working with a new company

39:40 - How you can get in touch with Mike

40:55 - Closing remarks

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