All MBS services can be considered in a bundle or individually, depending on what satisfies the business needs.
The average employee count for these services (151 – 5000+)
What is Pharmacy Benefits Management?
Pharmacy Benefit Management (PBM) is like a middleman for your employee prescription drug plans. They negotiate drug prices and manage pharmacy networks to keep healthcare costs under control for your business.
Problem
While PBMs promise lower drug costs for your employee health plan, the lack of transparency in their pricing can leave you wondering if you’re truly getting the best deal for your business and your employees’ well-being.
Solution
Are you feeling uncertain about murky PBM pricing and worried your employees aren’t getting the best prescription deals? MBS offers clear, cost-effective pharmacy benefit management solutions that put you in control, prioritizing both your budget and employee health.
FAQs
Q: How much can a business save by carving out pharmacy benefits? A: Businesses typically save 20-40% on pharmacy spending through carve-out strategies. One of our clients, a technology company with 720 employees, saved 28.3% ($226,705) in their first year alone through our tailored PBM solution.
Q: What’s the difference between bundled and carved-out pharmacy benefits? A: Bundled pharmacy benefits are included with your medical insurance, often with limited transparency and negotiating power. Carved-out benefits separate pharmacy from medical coverage, allowing for specialized management, clearer contracts, and significant cost savings while maintaining or improving employee coverage.
Q: Who manages specialty medications in a PBM carve-out? A: In a PBM carve-out model, specialty medications are managed through our proactive pharmacy consulting services, which implement comprehensive clinical programs, patient engagement strategies, and accumulator programs to secure the lowest prescription prices and reduce costs for expensive health-related treatments.
What is Employee Benefits?
Employee benefits are basically perks employers gives employees on top of their salary. They’re like extras that show employers value their employees. They can help employees save money, stay healthy, and have a better work-life balance.
Problem
Are you feeling overwhelmed by ever-changing benefits, costs, and impersonal service? You want to offer competitive benefits to attract top talent, but navigating the complex benefits landscape is a nightmare. Traditional providers often disappear after enrollment, leaving you with generic renewal rates.
Solution
At Merritt Business Solutions (MBS), our experts stay ahead of the curve, uncovering cost-saving strategies and fighting for the best possible deals on your behalf. Unlike impersonal computer systems, MBS offers a personal touch. We become your trusted partner, ensuring a smooth-running benefits program that keeps your employees happy and your business thriving. Schedule a free consultation today and let MBS simplify your benefits – all while keeping your current plan options at no additional cost.
FAQs
Q: What type of health insurance is best for a small business with 10-50 employees? A: For small businesses with 10-50 employees, the optimal health insurance solution depends on your specific workforce needs and budget constraints. At MBS, our expert consultants evaluate both traditional group plans and innovative alternatives like ICHRAs and QSEHRAs, creating a customized benefits strategy that balances comprehensive coverage with cost efficiency while maximizing available tax advantages for your unique business situation.
Q: What’s the difference between a health insurance broker and a benefits consultant? A: While most brokers simply present insurance options, our concierge approach combines both roles—we not only connect you with the right health insurance providers but also provide ongoing consultation, benefits education, employee claim support, and advocacy throughout the relationship to ensure your benefits program meets your business goals.
Q: How can businesses reduce employee benefits costs without reducing quality? A: Our concierge approach to benefits management helps businesses reduce costs while maintaining or improving quality through strategic plan design, alternative funding models, prescription cost management, and employee education. We focus on the entire value equation, not just the premium price.
Our Full-Service Benefits Menu Includes:
What is Fractional HR?
Fractional HR is like having a business coach for your people department (HR). They’re experts in all things employee-related, and they can help your company with stuff like: Making your HR department run smoother, Staying on top of employment laws and so much more!
Problem
Feeling bogged down by confusing HR regulations and paperwork? You might not be sure exactly what’s causing the low morale and turnover. Is it the workload? Compensation? Lack of clear career paths?
Solution
Merritt Business Solutions (MBS) is like your HR doctor. We perform a full checkup to identify any weak spots and ensure compliance. We’ll help you build a strong HR infrastructure, from communication strategies to effective processes. But that’s not all! MBS provides ongoing support with training programs, expert advice, and HR management services tailored specifically to your business needs. Let MBS take care of HR so you can focus on running a successful business with happy employees. Schedule a free consultation today!
FAQs
Q: What is fractional HR, and how does it work for small businesses? A: Fractional HR provides professional human resources expertise on a part-time or project basis without hiring full-time staff. Our concierge fractional HR team becomes your in-house HR partner at a fraction of the cost, handling compliance, policies, recruiting, and employee relations. At the same time, you focus on growing your business.
Q: What HR functions can be outsourced to a fractional HR service? A: Our concierge fractional HR services cover all essential functions, including compliance, employee relations, policies and handbooks, recruiting, performance management, compensation strategy, benefits coordination, and workplace culture development—all tailored to your business needs.
Q: When should a business hire a full-time HR person versus using fractional HR? A: Traditionally, businesses considered hiring full-time HR at 50+ employees, but our concierge fractional model has proven effective for companies with hundreds of employees. We provide specialized expertise across multiple HR disciplines that a single in-house person can’t match, often delivering better results at lower cost regardless of company size.
We Give Your Business A HR Check Up/Diagnostic Approach to Ensure Compliance
What is Recruiting?
Recruiting is like building your dream team – you need the right players to win, but finding them can feel like an endless search through unqualified candidates.
Problem
Despite offering a competitive salary, your open positions are flooded with resumes, but none seem to possess the specific skills and cultural fit you need to make your business thrive.
Solution
Are you stuck sifting through a stack of resumes with no perfect match? MBS cuts through the noise, finding the ideal candidates with the right skills and cultural fit to propel your business forward.
FAQs
Q: How can businesses improve their hiring process and candidate experience? A: Our concierge recruiting services enhance your hiring process through professionally crafted job descriptions, consistent communication, structured interviews, and thorough candidate assessment. We implement best practices that reflect your company culture while delivering a professional candidate experience that strengthens your employer brand.
Q: What makes small business recruiting different from corporate recruiting? A: Small business recruiting requires finding candidates who can wear multiple hats, adapt to evolving roles, and thrive in close-knit environments—not just match skill checklists. Our concierge recruiting focuses on these critical cultural and adaptability factors determining success in smaller organizations.
Q: How do recruiting services work for small businesses? A: Our concierge recruiting services function as your internal talent acquisition team, handling everything from job descriptions and posting to candidate screening and interview coordination. We become an invisible extension of your company, so candidates experience a seamless process while you maintain control over final hiring decisions.
Do you need HR Training?
HR Training is like investing in your team’s tool belt. The better equipped they are with skills and knowledge, the more efficiently and effectively they can tackle any challenge your business throws their way.
Problem
You invest in employee HR training but need to improve productivity or customer service. It’s frustrating to spend money without a clear return on investment in your team’s skills.
Solution
Are you frustrated by HR training that doesn’t translate to results? MBS offers customized HR training solutions that equip your team with the skills they need to boost productivity, enhance customer service, and deliver a strong return on your HR training investment.
FAQs
Q: Is online or in-person HR training more effective? A: The effectiveness of online versus in-person training depends on your specific workforce, content, and goals. Our concierge approach evaluates these factors to recommend the optimal delivery method—hybrid, fully virtual, or in-person—ensuring maximum engagement and knowledge retention while respecting budget constraints.
Q: What types of HR training do small businesses need? A: Essential HR training for small businesses includes compliance (harassment prevention, discrimination, safety), management skills, workplace culture, and performance management. Our concierge approach assesses your needs and culture to deliver customized training programs that address your unique challenges rather than generic solutions.
Q: How much does employee harassment prevention training cost? A: Harassment prevention training typically costs $20-$100 per employee, depending on delivery method and customization. Our concierge approach finds cost-effective solutions that meet your specific state requirements while reflecting your company culture, often delivering better results at lower costs than generic off-the-shelf programs.
Merritt Business Solutions is a Certified Women’s Business Enterprise and holds NGLCC Certification as an LGBTQ+ business.