Why is cost containment important in healthcare? This powerful strategy can help you save significantly on your healthcare spending.
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.
Interested in switching to a reference-based healthcare model? Knowing how to explain reference-based pricing to employees is an important first step.
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 […]
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Brokers and TPAs Need to be Aware: The December 31, 2024 Gag Clause Attestation Submission Deadline Nears
Cost ContainmentBrokers and TPAs may have the obligation to complete the Gag Clause Prohibition Compliance Attestation Submission (“Attestation”) on behalf of their self-funded group health plan clients, pursuant to an agreement with their clients. Although plans are responsible for filing the Attestation, TPAs and brokers may file on behalf of their clients. What is a Gag […]