No matter how your health plan is funded—fully insured, level-funded, or self-funded—Noveta Health helps employers control healthcare costs by strategically managing the three primary cost drivers:
A Transparent Fee-Based Model
Noveta Health operates on a simple, transparent fee-based model. Rather than earning compensation based on insurance premiums, we charge a fixed Per Employee Per Month (PEPM) management fee. This approach eliminates hidden revenue streams and ensures our success is aligned with our clients’ goal of reducing healthcare costs.
Employers pay a predictable management fee and fund employee healthcare claims only as they are incurred. The result is greater transparency, accountability, and control over healthcare spending—allowing organizations to make informed decisions and invest their healthcare dollars more strategically.
Our transparent Pharmacy Benefit Manager (PBM) solution is designed to deliver significant savings by eliminating hidden fees and conflicts of interest.
Unlike traditional PBMs, our pass-through model ensures that clients pay the exact amount paid to the pharmacy, plus one transparent administrative fee. In addition, 100% of manufacturer rebates, discounts, and pharmacy incentives are returned directly to our clients—not retained by the PBM.
We also provide strategic sourcing for specialty and other high-cost medications, enabling our clients to access these therapies at significantly lower costs than traditional retail pricing. By proactively managing pharmacy spend, we help employers reduce healthcare costs while ensuring employees continue to receive the medications they need.
Employee Engagement: “The Noveta Difference”
Noveta Health collaborates with your HR Department to offer our enrollment teams for in-person or virtual enrollment assistance.
We ensure that employees thoroughly comprehend their benefit options, facilitating informed healthcare choices.