Business Details
20 Years
experience
Trusted Employee Benefits Consulting in Plano, TX
Since 2006, Ovation Health & Life Services has specialized in transforming employer healthcare strategies through innovative cost-management solutions. Our approach combines supply chain principles with healthcare administration to deliver predictable expenses, enhanced employee benefits, and measurable savings. With a focus on fiduciary responsibility, we empower businesses to transition from traditional fully insured models to level-funded or self-funded plans that optimize financial outcomes. Our team of industry-recognized experts has consistently reduced client healthcare costs by 45-72% while improving coverage quality.Backed by 19 years of experience and proven methodologies, we provide tailored solutions supported by advanced analytics, 24/7 client service, and comprehensive compliance management. Recognized in Chief Executive magazine and through multiple NAHU awards, our commitment to transparency and client-first practices has established us as leaders in employee benefits consulting.
Services
Employee Benefits Consulting
Level-Funded Health Plans
Pharmacy Benefit Management
Compliance Management
Virtual Care Services
Risk Management
Technology Solutions
Education Programs
Details
- Year established: 2006
Highlights and features
- We guarantee 45-72% savings on healthcare costs through proven strategies
- Our team includes NAHU Soaring Eagle Award-winning industry experts
- We provide 24/7 personalized benefits administration support
- Our clients receive 0% or negative premium renewals annually
- We implement AI-driven predictive analysis for cost optimization
What people say
Reduced annual spend by 45%
No cost increases since 2017
72% pharmacy cost savings
Exceptional client support
Transparent pricing model
Services
Level-Funded Health Plans
Our level-funded health plans combine predictable monthly payments with potential annual refunds through claims fund reconciliation. Employers gain ACA-compliant coverage featuring stop-loss protection, customizable plan designs, and access to national PPO networks. This approach delivers 28-78% lower rates compared to traditional fully insured plans while maintaining comprehensive employee benefits.
Pharmacy Benefit Management
We optimize pharmacy benefits through third-party analysis and strategic implementation. Our consulting services identify cost-saving opportunities in existing PBM arrangements, typically achieving 72% reductions in total pharmacy spend while maintaining drug accessibility and eliminating specialty medication costs through network optimization.
Employee Benefits Consulting
Our consulting services develop long-term benefits strategies using healthcare supply chain management principles. We create customized solutions that reduce employer costs by 45-72% while improving employee coverage through innovative plan designs, compliance management, and technology-enabled administration systems.
Compliance Management
We ensure complete adherence to evolving healthcare regulations through proactive compliance management. Our services include risk assessment, documentation maintenance, and policy implementation tailored to employer-specific needs, minimizing legal exposure while maintaining operational efficiency in benefits administration.
Virtual Care Services
Our virtual care platform provides 24/7 access to health assessments, coaching, and medical consultations. Employees receive free telehealth services, virtual physical therapy, and home infusion therapy through a comprehensive digital health network that reduces out-of-pocket expenses and improves care accessibility.
People
Daniel LaBroad
President
Daniel LaBroad founded Ovation as a fiduciary benefits firm, recognized for 15+ years of industry excellence. He received the NAHU Soaring Eagle Award, contributed to Chief Executive magazine, and authored the Amazon #1 Best Seller 'Life and Death Decisions in the C-Suite'.
Questions
How do level-funded plans reduce healthcare costs?
Level-funded plans provide predictable monthly payments with potential refunds through claims fund reconciliation, combined with stop-loss protection and network optimization that typically reduce costs by 28-78% compared to traditional plans.
What makes your pharmacy consulting different?
Our PBM consulting uses independent analysis to identify savings opportunities, achieving 72% average reductions in pharmacy spend while maintaining drug accessibility through strategic network implementation and specialty medication management.
Do you serve businesses of all sizes?
Yes, we provide customized solutions for companies of all sizes, with scalable plan designs offering 15 options depending on group size and specific workforce needs.
How do you ensure compliance?
Our compliance services include risk assessment, documentation management, and policy implementation tailored to employer-specific requirements, ensuring adherence to all relevant healthcare regulations and minimizing legal exposure.
What virtual care services do you offer?
We provide 24/7 telehealth consultations, virtual physical therapy, home infusion therapy, and free durable medical equipment through a comprehensive digital health network that improves care access while reducing costs.
