Improve your cost structure and growth will follow

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One of the largest health plans in the U.S. identified more than $1B in savings.

Client challenge

Improve its cost structure and get ready for growth by

  • Addressing high administrative costs
  • Understanding how upcoming market changes might affect its future growth
  • Preparing for disruptive operational changes throughout the organization
  • Identifying opportunities to reduce costs by up to 20 percent

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PwC’s solution

Find and help implement cost-saving initiatives by

  • Applying the Fit for Growth* approach to focus on differentiating capabilities
  • Collaborating with company leaders to help create and implement sweeping changes to the workforce to improve efficiency
  • Breaking down silos and improving processes in departments such as procurement and shared services processes to transform the entire organization

* Fit for Growth is a registered service mark of PwC Strategy& LLC in the United States

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Impact on client’s business

  • The company identified in excess of $1 billion in savings.
  • Management saw immediate in-year savings and can accurately measure savings going forward.

 

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"The team identified over 100 initiatives with targeted savings of over 17% of addressable spend with steady state achievable in 2-3 years."

Contact us

Vinay Couto

Principal, Strategy&, PwC US