Marketplace name: The Crichton Group’s Private Exchange
Technology used to power platform: Assurex Global platform
CEO or Practice Leader: Jimmy Ward-CEO at The Crichton Group
Main Location / Headquarters: Nashville, TN
Founded / Exchange Launched: 2013
Website: Please click here.
Membership/number of lives currently on platform: TBD
Segment size preference (“target business size”): Currently companies must have more than 100 full time employees to participate in The Crichton Group’s private exchange
States of operation (if available): Tennessee
Are employers required to use a defined contribution: No; defined contribution or defined benefits
Carriers Offered: National and regional carriers including BlueCross BlueShield of Tennessee, UnitedHealthcare, Unum, Lincoln, Guardian, Colonial, Ameritas, Delta Dental, EyeMed and VSP (with more to come).
Decision Support: Includes a “Guide Me” option – which provides questions for employee that then generates recommendations based on answers .
How Does Exchange Get Compensated:
Standard or Custom Product Configuration: Customizable plans
Single-carrier or Multi-carrier: Crichton’s current product will offer each client a range of plans from one insurer