History
Precept is celebrating 22 years of delivering innovative benefit solutions that improve company results.
Precept’s founder and CEO, Wade Olson, established Precept in 1987 as a brokerage firm dedicated to sourcing and delivering health and welfare benefits to employers.
Over the course of 22 years, Precept has listened to the needs of its clients and has responded by adding the services required to meet them. This evolution has resulted in a comprehensive benefits consulting and administration outsourcing firm, serving 250 corporate clients with benefits consulting, procurement, administration outsourcing, health management, retirement and online enrollment services.
The result of Precept’s growth is an organization that is bringing Fortune 100 strategies to middle market companies to control costs, reduce administrative burden, and improve employee attraction and retention.
Precept Expansion of Client Services
- 1987: Underwriting & Procurement - Group risk assessment, claims analysis, renewal projections, trend analysis and plan design recommendations
- 1990: Retirement - Plan design consulting, employee communication, compliance
- 1993: Third Party Administration – ProView established: COBRA, HIPAA, FSA, Premium Billing & Reconciliation
- 1995: Customer Care Center – Client call center and fulfillment support>
- 1998: Technology – Online enrollment, data management, online communication tools
- 2001: HR Consulting – Talent attraction and retention, compliance, HR process improvement
- 2004: Health Management – WebMD, wellness programs, disease management, large case management
- 2006: ProView Global (Manila, Philippines) – Outsourced consolidated billing, premium billing and reconciliation, enrollment and eligibility administration, COBRA administration, FSA administration, enrollment data management, claims administration
- 2008: Precept named a Top 5 Orange County Workplace