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HighRoads Files Patent Application for The Lab
Tuesday, August 19, 2008
The Industry’s First Technology-Based Benefits Benchmarking Solution Puts Employers in Control of their Benefits Strategies
Boston, MA -- HighRoads, the company giving employers – for the first time – complete control over their healthcare costs and vendors, today announced that it has filed a patent application for The Lab, the human resource industry’s first Web-based employee benefits benchmarking service. The Lab provides instant online access to in-depth benefits plan and pricing information that helps HR decision makers determine the quality of their employee benefits packages in terms of coverage, cost and competitiveness.
"HR departments are under extreme pressure to reduce expenses while proving that their benefit programs are competitive and delivering true value," said Lori Dustin, chief marketing officer, HighRoads. "Rather than rely solely on expensive HR consultants and surveys which can deliver biased information, employers can now simply go online anytime to see the latest industry data that tells them how they compare. As a patented solution, The Lab is poised to become one of HR's most relied-upon tools to ensure employee benefits are both cost-effective and competitive."
The Lab is flexible and easy-to-use, offering:
- Unlimited access to timely, comprehensive benefits data, updated in real time.
- Employee benefit comparison data based on similar industry, geography or company-size criteria.
- Visibility into historical plan data, making it easy to compare and contrast the impact of plan changes.
Pricing and Availability
Available now via an unlimited-use subscription service, access to The Lab costs just $4,995 per year. A free one-time trial is available by visiting: http://www.highroads.com/TheLab.php
In addition to The Lab, HighRoads' service includes a full range of e-procurement, renewal, SPD and supplier performance management services. These hosted solutions aggregate and centralize HR program information, improve critical decision-making ability and ensure compliance. Each solution is delivered and supported by HighRoads HR Information consultants, an experienced team with domain expertise in corporate benefits, technology and process reengineering.
About HighRoads
HighRoads, Inc. (www.HighRoads.com) is giving employers – for the first time – complete control over their healthcare costs and vendors. The Company provides employers year-round access to real-time, unbiased benchmarking data for HR plans and pricing for complete market visibility. HighRoads service aggregates HR plan and supplier information into a central repository, dynamically fueling its real-time benchmarking tool, The Lab, while automating the entire HR supplier management process. HighRoads has automated HR processes for more than 100 FORTUNE 500 employers along with 700 of their vendors, consultants and outsourced administrators. Clients include some of the world's largest companies, such as General Dynamics, Honeywell, IBM, Kraft, Staples and Textron. Founded in 1999, HighRoads is a privately held company headquartered in Woburn, Mass.
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