Let’s face it, healthcare costs are out of control for everyone. This is especially true for employers who provide important healthcare benefits to their employees. According to AON, the average cost of employer-sponsored healthcare in the US is expected to rise by more than 6.5% in 2023. That means per-employee costs are expected to reach […]
While many employers provide healthcare coverage as a primary employee benefit, few realize they have the capability to negotiate lower costs for expensive procedures like major surgeries. This is one of the main disadvantages of traditional healthcare models: those responsible for medical costs usually have little say in how much they pay. In response, some […]
Among small to mid-sized enterprises, self-funded healthcare models are becoming increasingly appealing—especially as healthcare costs continue to rise, escalating premiums and deductibles as well. This continual creep in costs has made healthcare exceedingly expensive for employers, forcing many to consider cutting back on the healthcare they provide employees. Self-funded healthcare plans offer employers a viable […]
If you’re one of the many employers fed up with outrageous healthcare prices and skyrocketing health insurance premiums, you’ve likely considered switching to a self-funded healthcare plan—if you haven’t already. Savvy business leaders know that self-funded healthcare plans can provide significant savings on annual healthcare expenditures without affecting their employees’ quality of care. However, they […]
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 […]
Countless technological advances have enhanced our individual quality of life, enriched human society, and strengthened its foundational systems. The elevated level of care providers can offer their patients parallels this ongoing evolution in technology. From the smallpox vaccine to penicillin, to stem cell guns that grow new skin for severe burns, various technological innovations have furthered human medical capabilities beyond […]
