Independent Analysis Shows Imagine360 Saved Rollins, Inc. Nearly 20% Compared to Traditional Health Plans
Rhea-AI Summary
Rollins Inc (NYSE:ROL) achieved significant cost savings through its partnership with Imagine360, a self-funded employer health plan provider. An independent analysis by Axene Health Partners revealed approximately 19% savings ($7.7 million annually) compared to traditional health plans across 47 states.
The company's health plan members reported a 90% satisfaction score and 99% claims acceptance rate. In 2023, 46% of Rollins employees chose Imagine360 over traditional PPO plans, with enrollment increasing to 51% in 2024. The company has reinvested these savings into strategic business initiatives and employee health programs, including on-site clinics.
The analysis compared healthcare claims from Rollins employees to benchmark data of nearly $2 billion in healthcare claims from commercial health plans. This comes as PwC forecasts an 8% increase in healthcare costs for 2025, the highest rate in thirteen years.
Positive
- Significant cost reduction of $7.7 million annually (19% savings)
- High member satisfaction (90%) and claims acceptance rate (99%)
- Increasing employee adoption rate from 46% to 51% year-over-year
- Reinvestment of savings into employee health initiatives
Negative
- Rising healthcare costs forecast of 8% for 2025
Insights
Rollins saved $7.7M annually (19%) on healthcare costs through Imagine360, with high employee satisfaction and increasing adoption, providing meaningful operational efficiency.
Rollins' implementation of Imagine360's alternative health plan has delivered significant financial benefits, generating approximately
The program demonstrates strong employee acceptance, with participation increasing from
For Rollins, a company with over 20,000 employees across more than 800 locations, effectively managing healthcare costs creates operational leverage. The company's decision to reinvest these savings into strategic initiatives and employee wellness programs, including on-site clinics, may yield additional benefits beyond the direct cost reduction.
The independent validation of these savings by Axene Health Partners adds credibility to the reported outcomes. Their analysis encompassed claims across 47 states, comparing Rollins' experience to nearly
These healthcare cost efficiencies represent a structured approach to expense management that delivers quantifiable bottom-line impact. As healthcare costs continue to escalate industry-wide, Rollins' proactive cost containment strategy helps protect operational margins against inflationary pressures in this significant expense category.
• Rollins, Inc. achieved annual savings of approximately
• Analysis included members across 47 states.
Rollins, which provides pest control services and protection to nearly three million customers around the globe, employs over 20,000 employees from more than 800 locations.
The report compared healthcare claims incurred by Rollins employees enrolled in the Imagine360 health plan across 47 states to benchmark data formulated by Axene Health Partners. The benchmark data included nearly
"The cost-savings report from Axene Health Partners reiterates that employers and employees are overpaying for healthcare and that viable alternatives like Imagine360 can help businesses take back control," said Imagine360 Chief Commercial Officer Chris Cigarran. "The reality is that point solutions and carrier innovations have done little to address rising healthcare costs. Companies like Rollins are now demanding cost-containment solutions that help save money while providing a world-class member experience to employees across the country. Imagine360 is proud of our partnership with Rollins and the results we have achieved together."
Reinvesting Substantial Savings
Rollins employees and dependents have access to a dual-option plan, where they can choose between Imagine360 or a traditional Preferred Provider Organization (PPO) plan. In 2023,
"Investing in our employees is a fundamental principle at Rollins," said Jamie Benton, Vice President of Human Resources at Rollins, Inc. "With Imagine360, we have been able to offer an alternative health plan that maintains low healthcare costs for employees while providing substantial savings. These savings can be reinvested in our most valuable asset—our team members—to ensure top-of-the-line customer services."
Addressing Industry Challenges
Rising healthcare costs are posing a major challenge for self-funded employers, with PwC forecasting an
In 2024, Axene Health Partners conducted a third-party analysis of Imagine360's savings on healthcare costs across five metropolitan areas. Looking at three years of medical claims, the report found that Imagine360 reduces healthcare costs by
About Imagine360
Imagine360 is a leading alternative health plan addressing the greatest challenges on behalf of self-funded employers: healthcare costs are harming the bottom line, increasingly unaffordable for employees, and the experience remains poor. Imagine360's innovative payment model includes preferential contracting with providers and health systems, and additional price protection through reference-based pricing, saving employers 15
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SOURCE Imagine360
FAQ
How much did Rollins Inc (ROL) save through Imagine360's health plan in 2023?
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