Benefit News reports that more than 80% of employers will increase their health and wellness spending this year. And while some sources state that a lack of access to actionable data is one blame of the increase, MedBen Analytics has worked in employers’ favor to provide easy, instant access to actionable data.
However, our experience has also shown that there is only so much, due to federal and state regulations, that you can do to a benefit structure to maintain costs. That is where alternative cost solutions, such as direct-to-employer contracting and reference-based pricing (RBP), come in.
Direct-to-employer contracting ensures that when members utilize their local contracted facility, they receive the best pricing options available, while RBP acts as an alternative to traditional PPO plans that pays claims based on Medicare pricing. Both strategies, or a combination of them have proven to save employers significant dollars.
For more information on how these cost containment strategies have helped current clients and could help your health benefit plan too, contact MedBen Sales and Marketing at 888-627-8683.