Aug 24, 2021 | Alternative Reimbursement Strategies, Cost Savings, Direct-to-Employer Contracting, Reference-Based Pricing, Spending
MedBen clients spend an average of 23.5% less when using direct-to-employer contracting (DTE) or reference-based pricing (RBP) plans. But how do our alternative reimbursement strategies affect spending for specific types of patient care? For inpatient care, MedBen...
Aug 10, 2021 | Cost Savings, MedBen WellLiving, Savings, Trend
Last year, MedBen’s WellLiving block had 8.8% less claim costs compared to those who didn’t utilize WellLiving. But that number doesn’t tell the whole story. Over the past five years, the cost gap between WellLiving and non-WellLiving members has continued to...
Jul 12, 2021 | Cost Savings, MedBen Rx, Pharmacy Benefits Manager (PBM), Prescription, Rx Costs, Savings, Transparency
Lack of disclosure is a common theme for many pharmacy benefit managers (PBMs), be it with employers or state governments. From Benefits Pro: “At least a half-dozen states and the District of Columbia are investigating pharmacy benefit managers, The Wall Street...
Jun 28, 2021 | Alternative Reimbursement Strategies, Announcements, Case Studies, Client Report, Client Services, Coronavirus, Cost Savings, COVID-19, Customer Service, Direct-to-Employer Contracting, Employer Dashboard, Kurt Harden, MedBen Access, MedBen Analytics, MedBen Employees, MedBen Rx, MedBen WellLiving, MedBen.com, Mobile App, Online Services, Reference-Based Pricing, Third party administration
The 2021 MedBen Client Report is now available for download at MedBen.com. In addition to detailing the ways that our clients are spending less on health care, this year’s Client Report highlights the priority MedBen places on client service: Members connect to...
Jun 1, 2021 | Cost Savings, MedBen Rx, Pharmacy Benefits Manager (PBM), Prescription, Rx Costs, Savings
MedBen Rx clients save 21.6% when switching from traditional PBMs. What accounts for such a substantial difference? With MedBen Rx you pay what the pharmacy pays – we use the drug’s acquisition cost as a baseline to reduce your costs. MedBen Rx offers total...
May 18, 2021 | Alternative Reimbursement Strategies, Case Studies, Cost Savings, Direct-to-Employer Contracting, Reference-Based Pricing
A MedBen Client switched from a traditional PPO plan to direct-to-employer (DTE) contracting in 2016. They contracted directly with multiple health systems, and paid for non-contracted care using reference-based pricing (RBP). By contracting with selected health...
