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 […]
When we think of healthcare in the United States, we typically think of employer-sponsored health insurance plans. This is because roughly 54% of all Americans receive healthcare via private insurance through their employers, according to Statista. Although this level of access and overall performance places U.S. healthcare well behind most other high-income nations, it’s what […]
In 2021, most Americans received healthcare benefits from their employers, as they’ve done for the last three decades. According to Statista, over half of the United States population—54.3%—has relied on employer-based insurance plans since 1987. Traditionally, employers contract with insurance companies to provide healthcare for employees via different plan options. To cover healthcare costs, employers […]
The majority of employers in the United States offer health insurance as an employee benefit for a variety of reasons. It helps businesses attract new talent, retain current employees, and keeps employees healthy so that they remain happy and productive. For decades, the most common method of providing healthcare benefits for employees has been via contracts with […]
Reference-Based Pricing: Insights from Our Founder
Reference-based PricingOur founder, Scott Ray, was recently featured in BenefitsPro, where he breaks down the benefits of Reference-Based Pricing (RBP).