Empowering Employee Health
About Us
Ocean Wave Health Inc. is a startup management services company specializing in professional employer organizations (PEOs) and third-party administrators. The company aims to provide small and medium-sized businesses with a self-funded health plan alternative that is more affordable than existing fully insured plans offered by PEOs. Our solution is supported by a patient credit finance company and an insurance company.
By leveraging founder Ben Campbell’s expertise in enabling PEOs to self-insure in Texas, Ocean Wave Health will acquire existing PEOs and transition their health plans from fully insured to self-funded. This will empower the PEOs’ co-employed clients to customize coverage based on their workforce’s needs while achieving significant cost savings compared to fully insured plans.
Ocean Wave Health’s self-funded solution offers flexibility in plan design and renewability, insights into healthcare utilization, and the ability to tailor the plan to meet employees’ needs. The company’s goal is to revolutionize the PEO landscape by providing a viable, lower-cost health plan option without compromising quality of care.
To facilitate the transition to self-funded plans, Ocean Wave Health leverages trusted partners in interoperable healthcare technology. This allows for seamless integration, configuration, and implementation of the self-funded plans with the PEOs’ existing payroll and benefits administration infrastructure.
By addressing the limitations of fully insured health benefits and offering PEOs’ co-employed clients a more customizable and affordable alternative, Ocean Wave Health aims to empower small and medium-sized businesses to thrive through cost-effective workforce health coverage.