- March 9, 2020
-- At the Wall Street Conference held on February 19, 2020 in Palm Beach Florida, Pat Dileo, CEO of Quad M Solutions Inc., presented on its development of a proprietary, fully integrated ecosystem of benefit products and services that achieve better health outcomes by using value-based, self-insured health plans designed for the Independent Consultant (IC) and GIG economy worker. The company brings affordable and sustainable, innovative, consumer-driven healthcare benefits including major medical insurance coverage to the estimated 60 million USA based IC and GIG Economy workers.
The company operates through its staffing companies, whereby, the owner of the IC business entity is an employee of the staffing company and staffed back to the IC business entity. The staffing of employees allows the company's staffing companies to provide all its employees with affordable and sustainable health benefits and major medical insurance like many of the larger USA employers. The company's staffed employee continues working as a legal IC through their own business entity and receives health insurance on a pretax basis on par with the employees of the larger corporations. The company's technology works with various third party administrators and major reinsurance companies such as Sun Life, Inc. and this results in the staffing company being partially self-insured and providing its benefits compliant with ERISA, the Affordable Care Act and State Insurance and Labor laws just as large employer companies.
The company detailed the macro-economics of its recent joint venture with INFINITI HR, a nationally recognized Professional Employer Organization (PEO) that provides payroll, benefits, and tax deductions as a co-employer of the employees of some of the US's largest franchisors and others. INFINITI HR has an estimated 68,000 employees being serviced in the past five years. INFINITI HR and the company have commenced migrating many of these employees to utilize the company's health benefits through their JV company PRIMEAXESS. The company is building a digital platform and believes the JV entity PrimeAxess will migrate these existing employee lives over the next 12-18 months.
In addition, the company is developing several new marketing campaigns and expects to conclude the sale to other verticals to aid the IC and GIG workers. Health insurance for this market sector is a highly sought commodity and new solutions to replace the existing unsustainable status quo products are needed.
About INFINITI HR
INFINITI HR is the professional employer organization designed to protect franchisors and franchisees from vicarious employer liability specific to human capital management. Our PEO platform provides full regulatory compliance management, an on-demand HR director, real-time payroll /tax filing and access into our True-Group Workers' Compensation master policy.