58 second read Did you know that the average health plan is overspending on their prescriptions (especially specialty medications) by a factor of 2.. or even 3 or 4? I think this is …. Insane! Why do we allow this to happen??? We reviewed a pharmacy plan for one client (145 covered employees) and this …
How the Rx Spread Negatively Impacts your Bottom Line? Read More »
15 second read Quality and Price are related… to a point. What is that point in your healthcare plan.. And how do you find out? And is encouraging people to seek quality care the right thing for the humans in your plan? And what about your budget? Answer Here: Watch the Full Video
27 second read Are you a fan of James Clear? He wrote the book Atomic Habits – it is quite impactful. He says you should be radically proactive about any behavior that pays off in 10 years. Are you thinking – what does radical proactivity have to do with my health plan??? It has EVERYTHING …
27 second read Have you ever heard this expression? Privatize the gains and socialize the losses Here is one area where this is happening: Prescription rebates. You pay full price (or AWP or some other price) and someone else keeps the rebates… or even better, gives you and “admin credit” for the rebates. Do you …
27 second read What if you could reduce your non-compensation budget – permanently? Would that give you a little leeway for an expected minimum wage increase? The employers we work with are typically not looking to reduce benefits – they are looking at the opposite actually… making benefits work better for their teams and …
Fund The Minimum Wage Increase With Your Health Plan Read More »
McKinsey & Company might know about Leadership. It’s their business to research! The CEO Moment is their new report about how CEO Leadership is changing right now. We’ve linked to it in the blog. The key takeaway: Intentionality What, exactly, does this have to do with your health care spend Exactly the …
Trust in insurance is a big deal. We have a complex medical system. People equate big insurance company ID cards with trust. But is that accurate? Does a big insurance company make sure your employees have access to high quality care? Do they ensure that you are paying only for the care …
The only way to lower the cost of healthcare is to LOWER the cost of healthcare. RBP and PPO Discounts are two ways to address the issue. Two completely opposite ways to address that issue. As with most things, your perspective matters. There are good reasons for each –and sometimes they work in tandem. …
When we have to manage a large expense at my firm, we map out our needs and wants and then figure out how to make our budget work. I imagine you go through a similar process at your business. Do you do that for your healthcare budget? Do you perform the same oversite …
The Chinese character for crisis contains two symbols –danger and opportunity. I think this is an accurate depiction of 2020!! And, yes, of the danger and opportunity in your health plan also. Conservative folks, and underwriters are absolutely conservative folks, have a hard time managing (pricing for) risk, in an uncertain market. This …
