Jul 23, 2020 | Compliance, MedBen Analytics, MedBen WellLiving, Preventive Care, Reference-Based Pricing, Wellness
Now that one-third of MedBen’s block of business uses some form of reference-based pricing (RBP) or direct-to-employer (DTE) contracting, these alternative reimbursement strategies are outperforming standard PPO plans in multiple ways. In terms of costs, MedBen...
Jul 20, 2020 | Cancer, MedBen WellLiving, Savings, Self-funding, Wellness
A new study predicts that annual costs associated with cancer treatment are expected to exceed $245 billion by 2030, nearly a 34% increase from 2015 billing. Specifically, medical care costs are expected to grow to $221 billion, with prescription drugs adding another...
May 3, 2020 | Cost Savings, MedBen Rx, MedBen University, MedBen WellLiving, Municipalities, Reference-Based Pricing, Trend, Webinars
From 2015 to 2019, MedBen’s municipality block saw just a 2.7% trend on total claim costs. At the 14th Annual Municipality Roundtable Webinar on April 30, Vice President of Sales & Marketing Brian Fargus shared that municipality medical costs trended at 3.4%...
Mar 19, 2020 | Cost Savings, MedBen WellLiving, Preventive Care, Primary Care, Savings
Practicing timely preventive care saved MedBen WellLiving clients 7.8% on average per-employee claim costs in 2019 compared to non-WellLiving clients. According to the Agency for Healthcare Research and Quality (AHRQ), the top one percent of health care spenders...
Jan 17, 2020 | Cancer, Cervical Cancer, MedBen WellLiving, Pap smears, Preventive Care, Wellness
Effective January 1, 2020, MedBen WellLiving has updated its pap smear compliance guidelines. Previously, the recommendation was that women age 21 and older receive a pap smear every three years… but based on USPSTF (United States Preventative Services Task Force)...
Nov 26, 2019 | MedBen WellLiving, Wellness
As a person puffs on a single cigarette, they are inhaling over 7,000 different chemicals into their lungs. Not only have many of those chemicals been identified as known carcinogens, but they also have been linked to numerous other harmful effects on the body. For...
