herronpalmer has extensive market data on implementation costs, core and ancillary ongoing administration service fees, scope of services, performance standards and contract terms. We also have a one-of-a-kind database that tracks the number and type of RFPs each major provider has received and won during the past few years, as well as many other deal-related data points. And finally, we track which providers each Fortune 1000 company uses to deliver their outsourced benefit administration services.
herronpalmer uses this data to develop business cases, to assist with renewal of existing contracts, to assist with selecting viable RFP/RFQ candidates, and to negotiate the most favorable contract terms and performance standards possible for our clients.
We love gathering and analyzing market data. It’s exciting to us. Is that wrong?