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 […]
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 […]
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 […]
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? This blog answers that question while also providing some handy ways to save on healthcare spend.
Learn how traditional and self-insured plans differ, and why so many employers are switching to self-insured plans for healthcare cost management.
Weighing the pros and cons of reference-based pricing reveals easily mitigated potential pitfalls and benefits that overpower any shortcomings.
It’s true that healthcare is a complicated process. In fact, 62% of Americans feel as if the healthcare system is designed to be confusing. In contrast to typical payment methods in other industries for consumer services, healthcare has the dubious distinction of using at least one additional layer of service before consumers know who or […]
