What is cost containment in healthcare? It’s a question employers are asking more urgently as they search for ways to save money and cut spending while healthcare prices continue to skyrocket. Healthcare spending has grown out of control. In fact, the United States currently spends more than three times as much as other high-income countries. […]
Increasing numbers of employers—with companies of various sizes—are considering self-funded healthcare models. Large corporations and small businesses alike are adopting cost-containment solutions within self-funded healthcare to help mitigate rising costs and exorbitant premiums from traditional private health insurance plans. While switching to a self-funded plan can enable employers to better control their healthcare spend, the […]
Healthcare reimbursement is a complicated process with few models—if any—for comparison. In just about every other business sector in the United States, industries rely on a standardized reimbursement process their customers use to pay for clearly defined products or services. This kind of procedure ensures quality and efficiency for the clients, and also gives them […]
In 2021, most Americans received healthcare benefits from their employers, as they’ve done for the last three decades. According to Statista, over half of the United States population—54.3%—has relied on employer-based insurance plans since 1987. Traditionally, employers contract with insurance companies to provide healthcare for employees via different plan options. To cover healthcare costs, employers […]
As long as the U.S. military has existed, veterans have struggled with health issues related to their service. A recent survey by the Wounded Warrior Project finds that among post-9/11 veterans, 94% experienced severe physical injuries, 91% experienced severe mental health issues, and over a third of those injured require daily assistance. While the U.S. […]
Did you know that billing errors are shockingly common in the medical reimbursement process? Unfortunately, as much as 80% of all medical bills contain some kind of error. The healthcare industry likes to present a meticulous, professional appearance that projects a sense of authority to patients whose lives they may hold in their actual hands. […]
Rising healthcare costs in the United States have made cost containment more important than ever. Read to learn why and how you can combat it.
Written By Bruce Shutan Payment-integrity services evolve as tool to help self-insured health plans weed out fraud, waste and abuse It’s almost hard to fathom that an estimated 25% of $4.1 trillion in U.S. health care spending has been traced to fraud, waste and abuse. In some cases, overcharging for medical services represent egregious attempts to […]
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