Innovate By Taking Action and Control of Your Business Benefits
Being proactive is essential in business and life. Don’t be reactive to wait until costs have already risen and contracts are signed. Not planning ahead is what will cost you and your business in the long run. Take action to help your business, evaluate all …
Reference Based Pricing is an Underutilized Tool
Reference-based pricing relative to medicare costs, or RBP, is one of the most important mechanisms to understand in order to save on medical costs. Helping your business understand the concepts and related costs is essential in an environment of increasing inflation. Reports from the RAND …
J-Codes: Pesky Medical Codes to Save Thousands
J-codes - are the dirty little secret nobody wants to talk about. Learning how to address this six- to seven-figure expense can immediately save your business upwards of hundreds of thousands of dollars while saving potentially millions on employer plans. On our topic of immediate …
Seek Higher Quality for Lower Cost
This month we’re talking about the immediate impact. It’s more essential than ever for companies to adapt to the ever changing regulatory and healthcare industry. Without taking control, you won’t be able to plan for what is usually your business’ second or third-largest individual expense …
Insanity: Endless Cost Increases Masquerading as “Savings”
“Insanity is doing the same thing over and over again and expecting different results.” Healthcare costs in the US continue to rise, while the quality of care we receive is the worst among our peers. Yet, year after year, when it comes time to renew, companies …
Getting Stuck with Worse Care at the Higher Cost
Here’s an old joke: What do you call the person who graduated last in their class at medical school? Doctor. Not all providers are created equal. Some have more experience with certain populations. Others have specialized training. Others clearly score last in their quality of care. …
Use Analytics to Predict and Reduce Costs
As healthcare costs continue to increase, businesses and employees are asking, “What cuts will we have to make to keep our healthcare?” When it comes to healthcare, no one should be trying to determine where to make cuts -- they should be trying to find a …
Enable Health Data Sharing to Improve Care and Outcomes
For many companies, staying profitable is harder than ever post-pandemic. As businesses reopen and the economy rebounds, there is still uncertainty on the path forward. While we hope for a quick and robust financial recovery, the best way to ensure jobs and keep businesses open …
Insisting on Transparency in Pricing Can Make an Immediate Impact
Healthcare pricing in the US can vary wildly. Depending on your insurance and financial situation, the same procedure can vary by tens of thousands of dollars in the same hospital. …
Going Around Insurance Carriers Can Lower Costs and Increase Quality
Here’s a fact: in 2020, UnitedHealth, the largest healthcare insurer in the US, pulled in $257.1 billion in revenue, and $15.4 billion in profit. That’s an impressive amount of money, but also wildly inefficient. Could your business keep the lights on with margins that low? …
