PSA Insurance & Financial Services (PSA), the country’s ninth fastest-growing benefits broker, continues to grow with the acquisition of NextLogical Benefit Strategies, a full-service benefits consultancy with a specialty in reducing healthcare costs through a unique health risk management capability. The acquisition will greatly deepen PSA’s ability to help clients reduce healthcare premiums by improving the health status of their employee base.
PSA will now have access to NextLogical’s groundbreaking process built around powerful data analytics and predictive modeling, combined with clinical management to improve health statuses of employee populations. This unique and proactive model allows for the curtailing of the demand for healthcare services and consequently the claims or insurance premiums paid by clients.
“PSA is growth-oriented and we are always searching for new acquisition opportunities to advance our business and services,” says PSA’s Employee Benefits Group Senior Vice President Ken Huber. “The addition of NextLogical’s innovative solutions and talented team members makes us more competitive while helping our existing clients manage costs via access to these powerful new capabilities.”