How PBMs and Spread Pricing Affect Overall Rx Spend
According to Statista, prescription drug expenditure in the United States totaled $358 billion in 2020, up 50% since 2011. Pharmacy Benefit Managers (PBM) work as middlemen for many stakeholders as funds exchange hands within the drug supply chain. However, their pricing methods lack complete transparency …
Expanding Access to Care with Onsite Clinics
Employers of all sizes are considering onsite and near-site healthcare as a method to expand access to care, while providing their workforce with the same great quality of care they’re used to. According to the National Business Group on Health, it is estimated that nearly …
Expanding Access to Care is Vital in 2021 and Beyond
When looking to exercise health benefits provided by their employers, employees will often ask about the ways in which they’ll be able to access this care. The COVID-19 pandemic has further emphasized the need for this process to be simple and efficient, as it ultimately …
Expanding Access With Direct Primary Care
Direct Primary Care, also known as concierge healthcare, has introduced a fresh perspective to the way employers are accustomed to providing care. The model works by directly connecting the patient to the healthcare provider. This effectively cuts out the increasing premiums, claims and overall headaches …
How Telemedicine Can Transform Your Employee Health Benefits
With the COVID-19 pandemic keeping many of your employees indoors, telemedicine has emerged as a convenient for employers to expand access to quality healthcare for their workforce. In 2018, a survey by the Business Group on Health revealed that only 52% of employers believed in …
3 Keys to Unlock Self-Funding for Any Size Employer
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 …
Debunking Common Self-Funded Insurance Myths
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If you've heard of self-funded insurance, you may have also heard that it's complicated or only suitable for large companies. There are certainly some pros and cons to consider when deciding if self-funded insurance is right for your business, but what you've heard isn't necessarily …
A Get-Started Guide to Self-Funding
The tenets of a fully-insured health plan should be very familiar. You and your employees pay monthly premiums to a carrier for a menu of covered benefits. The carrier pays for healthcare out of those premiums, but employees also pay — sometimes so much that …
