Aug 10, 2021 | Cost Savings, MedBen WellLiving, Savings, Trend
Last year, MedBen’s WellLiving block had 8.8% less claim costs compared to those who didn’t utilize WellLiving. But that number doesn’t tell the whole story. Over the past five years, the cost gap between WellLiving and non-WellLiving members has continued to...
Jul 27, 2021 | Forensic claims analysis, Stop-Loss, Trend
The number of claims in excess of $1 million has risen at an unprecedented rate in recent years… but MedBen forensic claims review is helping to control the effect of high-cost claims. The graph below from stop-loss carrier Tokio Marine HCC shows its 2012-20...
Jul 23, 2021 | MedBen Analytics, Mental Health, Preventive Care, Primary Care, Reporting, Telehealth, Trend
Telehealth use has dropped from its peak in 2020, but remains significantly higher than pre-COVID levels. The MedBen Analytics chart below shows telehealth activity for MedBen’s total client block from January 2020 through June 2021. Mood and anxiety disorders,...
Apr 2, 2021 | Alternative Reimbursement Strategies, Brokers, Comparative Effectiveness, Direct-to-Employer Contracting, MedBen Rx, MedBen University, MedBen WellLiving, Municipalities, Pharmacy Benefits Manager (PBM), Reference-Based Pricing, Roundtables, Rx Costs, Trend, Wellness
MedBen University (MBU) kicked off its 20th season with the annual Broker Roundtable. Like last year, this event was held virtually, with over 100 in attendance from five states. Topics for the roundtable included cost and utilization trends by industry and product,...
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%...
