Transforming Copper Mining with Triforta's Healthcare Innovations

In the rugged heart of Northern Nevada, a copper mine client began their mission to tap into the vast mineral resources beneath Nevada's mountains. Their journey uncovered not only minerals but also essential lessons in growth, sustainability, and employee well-being.

The Early Days: Challenges Beneath the Surface 

As our copper mining client discovered rich mineral veins, they encountered challenges that came with their success. The expanding team needed skilled labor, essential for sustaining growth in a competitive mining sector. By their second year, employee numbers surged to 50, spotlighting a glaring issue: rising healthcare costs. 

Traditional health plans were becoming a financial burden, impeding the company's ability to invest in new technologies and exploration projects. Employee morale was dipping due to increasing out-of-pocket expenses, while the administrative burden of managing a larger health program grew.

A Beacon of Hope: Discovering Triforta 

At a Nevada Mining Association event, the copper mining client’s CEO, was introduced to Triforta, a leader in cost containment and innovative employee healthcare strategies. Realizing Triforta could offer a solution, he was eager to explore their innovative health plan models.

Implementing Triforta’s Strategic Solutions 

1.   Customized Self-Funded Health Plan 

●     Empowerment and Control 

Transitioned to a self-funded model, enabling the copper mining client to directly manage healthcare expenditures.

●     Risk Mitigation 

Integrated stop-loss insurance safeguards against unexpected high-cost claims.

●     Enhanced Transparency

Enabled proactive cost management through detailed health claims data analytics.

2. Direct Contracting and Free Healthcare Options 

●    Preferred Provider Partnerships

Established direct contracts with a network of preferred healthcare providers, securing pre-negotiated rates significantly lower than traditional insurance models.

●    Free Healthcare Services

Offered employees the option to receive treatment from these preferred providers at no out-of-pocket cost, eliminating deductibles and co-pays for select services.

●    Enhanced Access to Care

Simplified the healthcare experience, encouraging employees to seek timely medical attention without financial hesitation.

3. Independent Pharmacy Benefit Management 

●    Cost Reduction

Separated pharmacy benefits from traditional carriers to gain transparency and negotiate better pricing.

●    Access to Medications

Implemented programs like patient assistance and copay maximization, reducing prescription costs for both the company and employees.

4. Strategic Plan Design Optimization 

●     Targeting High-Cost Areas

Identified and addressed specific cost drivers, such as specialized treatments and procedures.

●     Customized Coverage

 Tailored benefits to meet the specific needs of their diverse workforce

The Remarkable Transformation 

With Triforta’s strategies, the copper mining client expanded their workforce from 50 to over 150 within three years, saving nearly $1 million in healthcare costs.

Key Achievements

●     Reinvestment in Growth 

Redirected savings into new projects, technology upgrades, and employee development.

●     Boosted Employee Satisfaction 

Enhanced benefits reduced turnover by 25% and increased job satisfaction.

●     Improved Health Service Utilization 

Employees benefited from better access to preventive and necessary medical care.

Reflections From Leadership

“Triforta transformed our approach to employee benefits,” shares the CEO of the Nevada copper mine. “Their tailored solutions not only reduced costs but also enriched our employees' health and well-being, laying a strong foundation for our company’s future."

Why Triforta is the Partner of Choice?

●     Industry Insight

Extensive experience in the mining sector ensures solutions are tailored to industry-specific challenges.

●     Customized Approach

No generic plans—every strategy is built around the client’s unique needs and goals.

●     Innovative Solutions

Implementing direct contracting and offering free healthcare options demonstrated Triforta’s commitment to creative cost containment strategies.

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