May 3, 2020 | Cost Savings, MedBen Rx, MedBen University, MedBen WellLiving, Municipalities, Reference-Based Pricing, Trend, Webinars
From 2015 to 2019, MedBen’s municipality block saw just a 2.7% trend on total claim costs. At the 14th Annual Municipality Roundtable Webinar on April 30, Vice President of Sales & Marketing Brian Fargus shared that municipality medical costs trended at 3.4%...
May 1, 2020 | Balance billing, Coronavirus, COVID-19, Reference-Based Pricing, Regulatory
In the wake of the pandemic, federal officials are offering emergency funding to hospitals, clinics and doctors’ practices – but with an interesting stipulation. Providers accepting the funds cannot impose surprise medical bills on COVID-19 patients, such as “balance...
Apr 17, 2020 | Coronavirus, COVID-19, Direct-to-Employer Contracting, MedBen University, Reference-Based Pricing, Roundtables, Webinars, Wellness
On April 16, MedBen University (MBU) held its first event of the 2020 season with the 5th Annual Broker Roundtable Webinar. This webinar brought together brokers from five states to review cost and utilization trends, market strategies, and ways to help maximize value...
Mar 20, 2020 | Alternative Plan Design, Cost Savings, Direct-to-Employer Contracting, Reference-Based Pricing, Savings
In 2019, MedBen clients who integrated direct-to -employer contracting and reference-based pricing (RBP) strategies into their plan saved 24.7% on claim costs compared to their previous PPO discounts. RBPs effectively reduce plan costs because they can be customized...
Feb 9, 2020 | Alternative Plan Design, Announcements, Direct-to-Employer Contracting, Government, Health Plan Management, Hospitals, MedBen Rx, MedBen University, Municipalities, Plan Design, Prescription, Private employers, Reference-Based Pricing
Our educational seminar series MedBen University (MBU) offers a range of informative and timely topics about benefit planning. This year’s topics of discussion include: Direct-to-employer contracts and reference-based pricing strategies; Rx solutions that are proven...
Dec 23, 2019 | Direct-to-Employer Contracting, Reference-Based Pricing
“Patients would save billions of dollars a year if medical specialists were not allowed to bill out-of-network rates” reads the opening statement of a BenefitsPro article. More precisely, the article states that these out-of-network bills accumulated to roughly $40...
