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 […]
Many businesses are switching to self-funded healthcare plans—also called self-insured health plans—in response to the ongoing escalation of healthcare costs. In comparison to fully insured plans that go through private insurance providers, with self-funded plans, companies use their own funds to pay for employee healthcare. Why would businesses make this choice? Because eliminating the middleman […]
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 […]
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Proposed Rulemaking to Strengthen HIPAA Security and Cybersecurity Protections
Cost ContainmentThe Office for Civil Rights at the U.S. Department of Health and Human Services (“HHS”), which administers and enforces the HIPAA Security Rule (“Security Rule”), recently issued a Notice of Proposed Rulemaking (NPRM) to strengthen cybersecurity protections for electronic protected health information (ePHI). The proposed rule introduces several new requirements and clarifications that will have […]