Apr 17, 2020 | Alternative Plan Design, Claims Management, Cost Savings, COVID-19, Direct-to-Employer Contracting, MedBen Rx Advocate, Plan Design, Prescription, Reference-Based Pricing, Self-funding, Third party administration, Wellness
BenefitsPRO reports that “employers’ health care benefit costs could jump by as much as 7 percent this year due to the COVID-19 outbreak – on top of the 5 percent increase that employers had previously projected before the pandemic.” That’s why it’s essential for...
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...
Dec 4, 2019 | Alternative Plan Design, Direct-to-Employer Contracting, MedBen Analytics, Reference-Based Pricing
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...
Nov 22, 2019 | Alternative Plan Design, Cost Savings, Reference-Based Pricing
In an article titled “Reference-based pricing: 4 factors to consider,” the author advises employers to consider the following before deciding if reference-based pricing (RBP) is right for them: Pricing, flexibility, support, and balance billing. And he’s not...
