Why is Cost Containment Important in Healthcare?
Why is cost containment important in healthcare? This powerful strategy can help you save significantly on your healthcare spending.
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Entries by 6 Degrees Health
How Does Reference-Based Pricing Work: Step-by-Step Guide
Switching to self-insured plans is easier than it may first seem. Use this step-by-step guide to see how reference-based pricing works.
How to Explain Reference-Based Pricing to Employees: A Guide for Employers
Interested in switching to a reference-based healthcare model? Knowing how to explain reference-based pricing to employees is an important first step.
How A Reference-Based Pricing Model Differs from Traditional Healthcare
In today’s unpredictable economy, saving money is more important than ever. Employers understand that providing quality healthcare for their employees is key for recruitment, retention, and productivity. When employers struggle to retain employees due to rising healthcare costs, that loss of labor makes it difficult to generate revenue. This can create a vicious cycle: as […]
Reference-Based Pricing and the No Surprises Act: What You Need to Know
What Is It? On Jan. 1, 2022, legislation designed to protect patients from surprise medical bills, dubbed the No Surprises Act (NSA), took effect. The passage of this act offers patients federal protection from unavoidable out-of-network charges, such as when people in emergency medical situations later receive unexpectedly outsized bills for their care. These inflated […]
Cost Containment Examples: Could This Be the Solution You Need?
Unreasonable prices have gradually become accepted as an ordinary, if unpleasant, part of company healthcare expenditures. In turn, these bloated charges contribute to the escalation of overall healthcare costs nationwide. This blog post defines cost containment strategies and provides examples detailing how they can benefit you and your employees. The Price Is Wrong If an […]
Cost Containment Strategies in Healthcare That Balance Care and Cost
For many companies, the alarming rise of employer-sponsored healthcare prices has had a detrimental effect on their bottom lines and has also limited employees’ access to quality care. The relationship between the quality and cost of healthcare can be deeply complex, and sometimes reducing corporate costs results in lower quality employee healthcare. For example, when […]
How Does Medical Reimbursement Work and Ways to Save Money
How does medical reimbursement work? This blog answers that question while also providing some handy ways to save on healthcare spend.
