May 17, 2020 | Alternative Plan Design, Direct-to-Employer Contracting, MedBen University, Prescription, Reference-Based Pricing, Roundtables, Savings, Self-funding, Third party administration
Self-funding provides unique ways to save plans money, and MedBen knows how to deliver those savings, said President & CEO Kurt Harden at the 4th Annual Employer Roundtable Webinar on May 14. “In this time that we’re all trying to look at cost,...
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%...
May 1, 2020 | Balance billing, Coronavirus, COVID-19, Reference-Based Pricing, Regulatory
In the wake of the pandemic, federal officials are offering emergency funding to hospitals, clinics and doctors’ practices – but with an interesting stipulation. Providers accepting the funds cannot impose surprise medical bills on COVID-19 patients, such as “balance...
Apr 17, 2020 | Coronavirus, COVID-19, Direct-to-Employer Contracting, MedBen University, Reference-Based Pricing, Roundtables, Webinars, Wellness
On April 16, MedBen University (MBU) held its first event of the 2020 season with the 5th Annual Broker Roundtable Webinar. This webinar brought together brokers from five states to review cost and utilization trends, market strategies, and ways to help maximize value...
Apr 17, 2020 | Alternative Plan Design, Claims Management, Cost Savings, COVID-19, Direct-to-Employer Contracting, MedBen Rx Advocate, Plan Design, Prescription, Reference-Based Pricing, Self-funding, Third party administration, Wellness
BenefitsPRO reports that “employers’ health care benefit costs could jump by as much as 7 percent this year due to the COVID-19 outbreak – on top of the 5 percent increase that employers had previously projected before the pandemic.” That’s why it’s essential for...
Mar 20, 2020 | Alternative Plan Design, Cost Savings, Direct-to-Employer Contracting, Reference-Based Pricing, Savings
In 2019, MedBen clients who integrated direct-to -employer contracting and reference-based pricing (RBP) strategies into their plan saved 24.7% on claim costs compared to their previous PPO discounts. RBPs effectively reduce plan costs because they can be customized...
