TPA Modernization Quarterly.
A co-bylined research series for TPAs. Each issue covers one operating challenge facing third-party administrators in 2026 — and how the modern stack changes the math.
About this series
TPA Modernization Quarterly is a co-bylined research series for third-party administrators. Each issue covers one operating challenge facing TPAs in 2026 — and how the modern stack changes the math.
Q1 2026 — The 90-day book at risk
The first issue maps the next 24 months of risk for legacy-TPA books. Our analysis: roughly 12–18% of mid-market TPA books are exposed to migration in the next two years, concentrated in clients with HRIS-led decision rights and tech-forward broker channels. The defensive play is investing in mobile UX and implementation speed before the broker channel pulls the book.
Q2 2026 — Pricing in a compressed-float world
Float economics shift as the rate cycle turns. Mid-cycle, TPA pricing models that assumed 4%+ float yields will compress unit economics by 20–30%. The issue covers what the next generation of TPA pricing looks like — and where to find margin when float can't carry the model.
Q3 2026 — The HRIS embed
HRIS platforms are increasingly embedding benefits administration into their own UX. The issue covers what TPAs need to know about embedded-benefits demand, where the channel breaks down, and how white-label partnerships with modern infrastructure providers change the unit economics.
Q4 2026 — The broker-channel renewal cliff
Year-end renewal data shows where the broker channel actually pulls books. The issue is built around a survey of regional brokerages: what they ask for in 2026 evaluations, what makes them stay, what makes them leave.
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Each issue ships as one long-form report, three short blog pieces, and one live webinar with the co-byline TPA. Subscribe to the series: [email protected].
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