Oct 30, 2020 | Alternative Plan Design, Alternative Reimbursement Strategies, Cost Savings, Direct-to-Employer Contracting, MedBen Rx, Pharmacy Benefits Manager (PBM), Plan Design, Reference-Based Pricing, Rx Costs, Savings, Telehealth, Telemedicine
Three-quarters of employers plan to adopt alternatives to traditional health plans over the next three years, a new study finds. For our clients, this change is already well underway with MedBen delivering cost-saving solutions. Alternative reimbursement strategies...
Oct 2, 2020 | Alternative Reimbursement Strategies, Cost Savings, Direct-to-Employer Contracting, Reference-Based Pricing, Savings
A new RAND study finds privately-insured patients pay, on average, 247% more at hospitals than Medicare patients for the same care, The study also indicated that outpatient services are priced at about 267% higher than what Medicare reimburses, according to Healthcare...
Jul 26, 2020 | Alternative Reimbursement Strategies, Customer Service, Kurt Harden, Self-funding
“Studies have found that within a five-year period, self-funding offers a 95% chance of outperforming a fully-insured plan” states MedBen President and CEO Kurt Harden in the opening of the MedBen 2020 Client Report. And in this year’s report, we offer evidence of how...
Jun 10, 2020 | Alternative Reimbursement Strategies, Direct-to-Employer Contracting, Reference-Based Pricing
In 2019, MedBen reference-based pricing (RBP) plans performed 24.7% better than traditional PPO plans. Many MedBen clients blend their RBP plan with direct-to-employer contracts, which promotes the use of quality care through local facilities. In exchange for...
