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 […]
Privatize The Gains Read More »
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
What does McKinsey know about Leadership??? Read More »
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
You took away my ID card!! Read More »
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
Last week we talked about how insurance drives the cost of care. This week, I am going to talk about control. I imagine you have a high degree of control in how you run your business. Would you be interested to know that you can use the same principles to guide your
Healthcare’s Big Lie Part 2 Read More »
If you are like most people –employers, employees, patients –you probably think that healthcare is expensive. Sometimes… but usually it is just expensive when the insurance “apparatus” gets in the middle. Would you prefer to pay $1860.97 for a CMP … or $12 Would you prefer to pay $9900 for a colonoscopy or
Healthcare’s Big Lie Part 1 Read More »
An insurance carrier is being sued again for “cross-plan offsetting.” I imagine that is a new term for most of you… It is a cost-containment tool that penalizes employers. And, we are not going to pick on any one insurance company… I suspect every insurance company does this. So… what is it, why is
This is the face you make after a minor mishap with filming!
My introduction before Craig Lack is now long lost footage.
That’s show biz, right?!
The good news is that Craig is talking about the strategies we’re both using to help organizations liberate the dollars trapped in their health spend.
I’m available after you watch and learn to talk the nitty gritty – how it works, implementation, executive buy-in and employee adoption.
Happy Watching!
