UPDATE: We filmed this video a bit ago. At the time we made this, unemployment was quite low. That the unemployment rate is significantly higher and the economy is uncertain is even more reason to contain your costs. Not just because you want to keep those people, but because you want to keep those people …
Yes, you can buy health insurance like you shop at Costco Read More »
What Is RBP? RBP stands for reference-based pricing, a tool that many employers today are using to cut their health insurance costs.The most common concern I hear from employers about RPB is that providers won’t accept reference based plans, or that the employee will have a large balance bill. Neither of these things are accurate if …
If you’rereading this article, you’re likely considering offering care management and patient advocacy to your employees. Congratulations! You want to help your employees, but at the same time, it needs to be budget-friendly. The process to add patient advocacy and care management is relatively simple. However, like most things in the health insurance industry, it’s not …
It’s no secret that employers want to control their costs, and at the same time help their employees to have access to the highest quality care at the lowest possible price. Bundled pricing is a one-off arrangement that employers have with a specific facility (i.e. hospital, outpatient facility, imaging center, etc.) where the price is negotiated …
How to Make Bundled Pricing Work for You and Your Employees Read More »
The buzz around health insurance right now is all about user experience and access to care. The problem is two-fold: insurance literacy and health literacy. Would it surprise you to learnthat 90% of employees do not know the difference between a copay,coinsurance,and a deductible?While that may seempretty basic to people like me in the insurance industry,this lack …
Lower Your Health Care Costs by Offering High Quality Service Read More »
Have you ever wondered if large employers get a better deal on health care costs? The answer is a resounding yes. That doesn’t seem quite fair as an SME employer does it? Well, what if I told you that you could buy health care the same way that they do through a direct contract? A direct …
For most employers, prescription spend.. drug costs… are steadily increasing. In fact, pharmacy costs account for almost 25% of most employers’ health care budget every year. The Pharmacy Benefit Manager (PBM), is a company that manages your prescriptions, including allowable medications on your formulary, what you pay for them, what the manufacturer paid for them, and …
Direct primary care (DPC) is a strategy to control your healthcare spend and deliver a white glove experience to your employees at a much lower cost than traditional health insurance plans. That it is a tool to help you shrink your healthcare budget and make it controllable and predictable for you is a bonus… a …
Have you ever thought about how you or your employees have experienced the healthcare system? I have a couple of clients who have surveyed their employees over each of the past several years and found two consistent results. First, not surprising, our out-of-pocket costs are too high. What employers don’t often realize (or think they …
Your Employees are the First Line of Defense to Saving you Thousands! Read More »
Do you find it baffling that health insurance costs in the United States are increasing at alarming rates, yet seemingly not anywhere else in the world? I find it baffling, especially since the actual costs of healthcare are not increasing even close to the rate of insurance costs. So, why is this happening in the …
The Ugly Truth Behind Health Insurance in the United States Read More »
