Home > News > Fact Sheet
Careers Contact Us
 

  • Broadspire Fact Sheet

Related Links

About Us

Broadspire, a Platinum Equity company and third-party administrator, offers a broad array of customized casualty, medical management and integrated disability management services designed to increase employee productivity and contain costs. The services Broadspire offers include workers' compensation, auto and general liability claims management; medical and field care management, either integrated with casualty services or available on an unbundled basis; integrated workers' compensation and disability management programs; and risk and safety consulting.

As an independent third-party administrator, Broadspire focuses on service delivery, flexible program design and optimal processes to drive a greater return on investment for our customers. We create customized solutions designed to increase productivity and reduce costs for mid-size and large employers throughout the country.

Value proposition

Broadspire offers the most comprehensive, integrated platform of claim, medical and care management services in the industry. The breadth and scope of our services provide customers with increased flexibility, convenience, greater efficiency and a proven track record for reducing expenses and loss costs. Our people, processes, technology and programs work to provide our customers with superior outcomes and a greater return on investment.

Broadspire Differentiator Customer Benefit
Fully integrated service model Ease of program administration through coordination of all services supporting casualty and integrated disability claim management. End result is reduced claim, medical and ancillary service costs.
Flexibility We work closely with our clients to design service program that meet their unique needs and requirements. We're not beholden to conflicting ownership or management goals, which allows us to be completely customer-driven.
Outcomes Broadspire returns healthy employees to work quickly and, at the same time, saves their employers workers' compensation and disability costs.
Staff knowledge and expertise Flawless program transition, consistency in claim handling and service delivery and experts skilled in handling diverse programs throughout all industries. End result is a commitment to treat client's money like it is our own and an ability to close claims faster with better results.
Superior outcomes measurement Easy to access, quantifiable measurements which gauge our performance based on selected criteria and benchmarked to industry data for both casualty and disability.
Superior medical protocols Reduced medical costs and fees associated with savings, shorter durations and focused strategy drive early, successful return to work and increased productivity.
Technology Real-time access to industry-leading technology designed to allow for single source claim and data management of complete program history.

2005 Results

Disability durations

  • Outperformed industry benchmarks in 92% of diagnoses
  • Saved six business days per claim
  • Saved $825 per short-term disability case

Return-to-work

  • Telephonic Care Management - 97%
  • Field Care Management for all cases - 73%
  • Field Care Management with early referral to care management - 86%

Medical bill review/PPO

  • 46.5% savings (excluding duplicates)
  • Average monthly savings $26 million

Pharmacy program

  • 81.6% utilization
  • 16.3% savings

Facts and figures

Headquarters: Plantation, Florida

Number of claim offices:  40+

Number of employees:  1,700+

Ownership:  Platinum Equity, a global firm specialized in the merger, acquisition and operation of mission-critical services and solutions companies. The Platinum Equity portfolio is comprised of 18 businesses, with over 40,000 employees serving more than 600,000 customer sites. To date, the firm has acquired nearly $12 billion in gross, consolidated revenues. The company is listed #18 on the 2005 Forbes Largest Private Companies list.

 
How Can We Help?



Commitment to Quality