The PATH Alliance specializes in the formation and management of self-insured workers’ compensation programs for both individual employers and groups of employers. The company has effectively transitioned over 75 public and private employers to self-insurance, and has extensive experience working with captives, joint powers authorities (JPAs), and other self-insured groups.
In 2021, The PATH Alliance successfully established the first new self-insured groups in the state of California in more than a decade. It is PATH’s goal to establish additional self-insured groups serving the needs of other industries as well.
As a program administrator, The PATH Alliance performs a variety of services, from consulting employers that are newly considering a switch to self-insurance to formally administering the affairs of existing self-insured groups. As such, the company has earned a reputation for its comprehensive knowledge base concerning self-insurance, and prides itself on offering clients expert assistance in several critical areas:
- Compliance & Regulatory: This includes all filings with California’s Office of Self-Insured Plans (OSIP), as well as the required annual reports for the Department of Industrial Relations (DIR).
- Financial Management: This includes setting up banking, trust and investment accounts, reporting of all financial activity, budget and forecast creation, investment management, and cooperation with accountants, auditors, actuaries and banks.
- Claims Oversight: This includes reviewing the work of appointed third-party claims administrators and making regular recommendations to reduce the duration and cost of open claims.
- Managed Services: This includes securing bids for all vendors, including accountants, actuaries, attorneys, auditors, brokers, claims administrators, and so on, as well as managing relationships with them moving forward.