Kathy Cravinho's Contact Details

Kathy Cravinho's Company Details

AdminaHealth

Old Greenwich, CT, US • 20 - 49 Employees
Technology Consulting/Tech Services

Salus Finance, LLC, headquartered in Greenwich CT, is a benefits and HR service provider that assists businesses with the transition from being fully-insured by a traditional health insurance carrier to being self-insured.Transitioning from a fully-insured plan to a self-insured plan provides substantial cost savings, through a combination of not paying a mandatory profit margin to an external insurer and a more cost effective utilization of stop-loss insurance.These cost savings may potentially result in extreme monthly swings in cash flow demands (particularly for companies with a smaller number of employees). Salus allows its clients to reap the substantial savings of a self-insured plan, but with a cash-flow smoothing mechanism (the H.E.M. program) that will reduce the funding volatility inherent in smaller self-insured healthcare benefit plans. Unlike a traditional line of credit, the advances provided by the H.E.M. program will only be available for healthcare related expenses incurred in the H.E.M. program and will not impact the client's bank borrowing capacity.All intra-year self-insured healthcare expense payments above estimates are funded by Salus and are repaid over time through annual payment adjustments.Salus works in close partnership with Aon Hewitt's healthcare consulting group to provide health claims actuarial support, ongoing program design and consulting support, and to offer the H.E.M. program.