“We want to create a business that is based on trust, respect, and collaboration of which is focused on the success and health of the company and its employees.”
—Matthew Schafer, Founder and CEO
Benefit & Risk Management Services, Inc. (BRMS) is a national Third-Party Administrator (TPA) that delivers integrated, end-to-end benefits solutions including plan and claims administration, care management, ancillary solutions, and multi-employer administration. Owners Matthew, Luke, and Paul Schafer oversee the organization with a focus on expanding BRMS’ offerings through proprietary technology solutions, dedicated service teams, an expansive range of administration services, and claims adjudication.
Established in 1993, BRMS was founded as a claims payor and workers compensation company in Sacramento, California with just 4 employees. Over the course of three decades, they have continually operated on the cutting-edge of technology through the development of integrated platforms that assist with online enrollment, billing, reporting, and much more. Today, BRMS enters its 30th year in business as an industry-leading, independent TPA with 3 office locations, over 250 employees, and manages 400,000 member lives within their proprietary benefit administration system, MyHealthBenefits.
At its core, the BRMS mission is to build trusted and valued relationships with all of their partners, including employers, plan members, brokers and vendor partners. By working directly with each broker and client, they ensure complete alignment on corporate goals and strategies, which allows them to deliver simplified benefit design, control spend, and enhance the member experience.
The core values of BRMS can be defined in one word, SPIRIT. The acronym spells out their unique attitude and approach that actively seeks out change instead of waiting to adapt to it. With Strategic thinking, Passion, Integrity, Respect, Innovation, and Teamwork, the BRMS SPIRIT is alive and well. The company looks forward to expanding TPA and Multiemployer services, serving clients, developing new innovative solutions and strengthening their trusted and valued relationships for the next 30 years and beyond.
Looking Forward
Looking ahead to the future of BRMS, the team is on a trajectory towards continued growth and expanded reach in the TPA market, along with enhanced multiemployer, ancillary, and benefits administration services. Additionally, plans are underway to expand service regions nationwide, broadening the company’s footprint and enhancing accessibility to their clients. By bolstering team talent, continued automation of technology solutions and a passion for excellence, BRMS is redefining employee benefits as a next generation TPA.