Network Health augments staff with experienced industry specialists

Our client’s need

Founded in 1982, Network Health offers customized commercial and Medicare health insurance services to employers, individuals, and families in more than 22 counties. Through its strong reputation for quality healthcare coverage and superior customer service, Network Health has grown to serve more than 153,000 members. Rapid growth required Network Health to find a partner who could assist and support key financial functions. With a deadline quickly approaching for their next quarterly state insurance department filing, Network Health’s CFO turned to Baker Tilly.

Baker Tilly solution

A team of insurance specialists at Baker Tilly met with Network Health Chief Financial Officer, Amy Grinnell, to discuss the scope of immediate needs and long-term plans. To address their initial needs, Grinnell engaged Baker Tilly for two projects:

  • Staff augmentation to assist with state department of insurance quarterly financial statement filing
  • Accounting assistance to facilitate the preparation of their annual federal and state tax return filing

Network Health has continued to augment their staff with specialists from Baker Tilly to meet a number of additional needs, including:

  • Financial planning and analysis
  • Annual budgeting
  • Model Audit Rule implementation
  • Own Risk Solvency Assessment (ORSA) implementation
  • Tax provision templates
  • Quarterly reviews of tax provisions

Results achieved

Network Health has experienced a number of benefits from working with a specialized team immersed in the insurance industry, including:

  • Received candid advice on cost effective options to holistically address their needs
  • Augmented staff with a service team that was quickly mobilized to assist
  • Received the exact support needed at just the right time
  • Submitted quarterly filings accurately and on time
  • Transferred knowledge from industry specialists to their in-house finance team
  • Gained process improvement insights
  • Received high level analysis and quality reviews of in-house tax work by experienced tax specialists

“The Baker Tilly team is providing great support. Your specialists were phenomenal stepping in to help with our quarterly reporting. I'm thankful for such great business partners.”

 

– Amy Grinnell, Chief Financial Officer

   Network Health 

For more information on this topic, or to learn how Baker Tilly specialists can help, contact our team.