SOURCE: Millennium Adminstrators

Millennium Adminstrators

October 02, 2009 11:18 ET

Helping Employers Contain Healthcare Costs Earns Millennium Administrators a Place on the Philadelphia 100®

Millennium Recognized as One of the Fastest Growing Companies in the Philadelphia Region

SCHWENKSVILLE, PA--(Marketwire - October 2, 2009) - Millennium Administrators, a healthcare consulting firm specializing in administering employee healthcare benefits, has been recognized as one of the fastest growing companies the Greater Philadelphia Region. Millennium was named to the Philadelphia 100 for the second time in the past three years.

"The growth of Millennium is a testament to our success in helping employers control the costs of their health insurance benefits," said Sara Picard, president, Millennium Administrators. "By offering customized benefits strategies and highly personalized service, we are able to help employers stretch their healthcare dollar while providing a quality benefit to their employees."

One of the ways in which Millennium has helped employers save money is by designing and managing highly customized prescription drug plans. These plans have saved employers as much as 30 percent when unbundled from fully insured medical plans.

Millennium has also implemented cost-containment strategies that have helped clients reduce costs on their entire health insurance benefit package. Most notably, Millennium helped one regional municipality with 900 employees save $5 million in healthcare expenditures, while improving the benefit offerings for employees.

Millennium owes its success not only to new business acquisitions but to the high level of satisfaction of its existing clients as well. According to Picard, Millennium boasts a client retention rate that exceeds 95 percent.

The Philadelphia 100® is an annual program conducted by the Entrepreneurs' Forum of Greater Philadelphia, Philadelphia Business Journal and Wharton Small Business Development Center. This year's event was held on October 1, 2009 at the Annenberg Center on the Campus of the University of Pennsylvania, in West Philadelphia.

Millennium Administrators was also named to the Philadelphia 100 in 2007.

Employers interested in receiving a quote or a no-obligation benefit assessment can contact Millennium at 866-644-2489.

About Millennium

Founded in 1998, Millennium Administrators (www.millennium-tpa.com) is a national healthcare consulting firm specializing in employee benefits and administration. Millennium serves a diverse customer base of large and small employer groups, healthcare consultants and brokers. Millennium processes over 70 million claims annually for its clients, representing more than 13 million lives and approximately $3 billion in prescription drug spend.

Contact Information

  • CONTACT:
    Sara Picard
    Millennium Administrators
    (610) 222-9448
    Email Contact