Be Proactive to Innovate and Save
Being proactive is essential in business and life. Don’t be reactive to help your clients and advisors by the time 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 …
RBP: Reference Based Pricing isn’t a 4-letter word anymore
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 clients understand the concepts and related costs is essential in an environment of increasing inflation. Reports from the RAND …
Navigating Pesky Medical Codes to Save for Your Clients: J-Codes
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 clients upwards of hundreds of thousands of dollars while saving potentially millions on employer plans. On our topic of immediate …
Steer to High Quality for Lower Cost
This month we’re talking about 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 client’s second or third-largest individual expense - …
Stop The Insanity
“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 …
Quality Matters
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. …
How To Use Data Analytics To Save On Healthcare 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 …
3 Myths About Self-Funded Insurance
It's commonly said that self-funded insurance is best suited for large firms. There are some inherent benefits to self-funding for larger firms — it's easier to predict costs with more data, and more workers creates a bigger pool to cover risk — but it's by …
How to Build a Self-Funded Health Plan
Some employers may have held off on self-funding a health plan because they felt they were too small to service and couldn't do it on their own. However, transitioning from a traditional plan to a self-funded plan doesn't have to be a solo process. While …
Why Fully Insured Plans Only Benefit Carriers
The fully insured health plan model hasn't been working very well for employers or employees. Premiums keep going up, but benefits stay the same. Carriers have the data to help reduce employers costs — they just don't have the incentive. Fed-up employers are starting to …
