Concord Management Resources Revenue and Competitors

Concord Management Resources (“Concord”), located in Somerset, New Jersey, has served as a healthcare plan administrator for various insurance entities, particularly MEWAs licensed throughout the United States. Concord provides insurance consulting services and management oversight to clients with regulatory filing requirements including working with state insurance departments and the department of labor for licensure filing, regulatory compliance and ongoing administrative support. Concord also serves as the complete solution for entity management providing GAAP and Statutory financial statement preparation and filing, budgeting and treasury functions, product design, rate filing and reserve setting (in coordination with actuaries), sales and small group client services. Concord has established several Association/MEWA health plans, as well as many Single Employer Trust arrangements in multiple states over the past 20+ years and has built the expertise and infrastructure to support the needs of these plans so that the plans do not have to have the significant overhead and direct start-up costs of management and staffing. Concord leverages the strengths of its staff to support all our health plans to lower overall administration expenses.