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Electronic medical concept New software technology is making it easier for employers to access and manage health care networks and to pay claims directly for themselves. (Photo: Shutterstock)

We are all familiar with the saying, “If you want something done properly, do it yourself.” But what if this saying was also true: “If you want something done profitably, do it yourself”?

When it comes to employee health insurance, most employers would probably balk at the idea of pulling the function in-house. Today, of course, most U.S. employers farm out their benefit plans—paying an insurance provider that contracts a network of doctors and hospitals to care for employees and manage claims and other administrative minutiae. But a shift in regulatory compliance and recent technology advancements mean the industry is now seeing a growing number of employers who are benefiting significantly by, in some part, becoming their own insurer.

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