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Archives for: June 2018

06/30/18

  09:24:00 pm, by MedBen5   , 217 words,  
Categories: Wellness, Incentives, Research

A Little Wellness Incentive Goes a Long Way

National figures indicate high chronic condition costs and low wellness compliance. This comes as no surprise to MedBen, knowing that there is a direct connection between untreated (or even undetected) diseases and increased health care costs. But a… more »

06/29/18

  09:18:00 pm, by MedBen5   , 435 words,  
Categories: News, Health Care Reform, Self-funding

DOL Rule Expands Association Health Plan Access

On June 19, 2018, the U.S. Department of Labor (DOL) released its final regulations expanding the definition of “employer” under ERISA Section 3(5). This seemingly simple change to an existing federal regulatory definition paves the way for the creation… more »

Fraker, SPBA Members Talk Transparency in D.C.

On June 19 and 20, MedBen Vice President of Compliance Caroline Fraker revisited Washington, D.C. with fellow members of the Society of Professional Benefit Administrators (SPBA) Board of Directors, to speak with government officials on matters of… more »

06/25/18

  07:26:00 pm, by MedBen5   , 315 words,  
Categories: Wellness, Cancer, Preventive care

Importance of Colon Cancer Screening

Last month, the American Cancer Society (ACS) lowered its recommended age for initial colorectal cancer screening from age 50 to 45. MedBen WellLiving however, will continue to follow the guidelines stating those 50 and older should be screened once… more »

06/17/18

Harden CEO Promotion Spotlighted in Columbus Business First

In a new Columbus Business First article, reporter Carrie Ghose interviewed MedBen President Kurt Harden and Executive Chairman Doug Freeman about Harden's recent promotion to CEO as well as the company's recent activities and future plans. Freeman… more »
  08:13:00 pm, by MedBen5   , 229 words,  
Categories: News, Cost savings, Pharmacy benefit manager (PBM)

Government Talks about Rx Costs, But MedBen Already Has Solutions

During recent testimony to a Senate committee, Health and Human Services Secretary Alex Azar floated the idea of eliminating the rebates that drug companies and pharmacy benefit managers (PBMs) use in price negotiations. As noted on Bloomberg.com, "PBMs… more »
  07:54:00 pm, by MedBen5   , 221 words,  
Categories: Cost savings, Third party administration, Claims management, Plan language

Carving Out a Costly Provider

Plan language carve-outs don’t have to be limited to medical procedures or drug classes. If a provider charges above reasonable and customary prices, then an employer can amend their plan to direct that the provider’s claims should be processed using… more »
  07:26:00 pm, by MedBen5   , 220 words,  
Categories: News, Wellness, Research, Hypertension

High Blood Pressure Raises Patient Bills, Study Says

Americans with high blood pressure may pay nearly $2,000 more on medical fees this year than those without the condition… a problem that could be alleviated through a focus on preventive care. According to a 12-year study, adults with hypertension can… more »

06/03/18

  11:04:00 pm, by MedBen5   , 235 words,  
Categories: MedBen Employees

MedBen Employees Give of Themselves (Literally) for Charity

MedBen employees give back to the community at large in a variety of ways, from gifting Christmas toys to underprivileged children, to power washing and painting local shelters. And in addition to sharing their time and talents, our team sometimes gives… more »
  07:48:00 pm, by MedBen5   , 270 words,  
Categories: News, Banking

New “Beneficial Ownership” Rule Requires Account Information

Recently, the Financial Crimes Enforcement Network (FinCEN), a federal banking regulator, instituted a new federal rule which affects banks and other financial institutions. The “Beneficial Ownership” rule, which went in effect May 11, requires banks to… more »

06/02/18

  04:46:00 pm, by MedBen5   , 207 words,  
Categories: Wellness, Reporting, Cancer, Heart, Diabetes, Preventive care, Population health management

Chronic Conditions Major Drivers of Health Care Costs

In designing the MedBen WellLiving program, we focused on the prevention of chronic conditions that impact the quality of employees' lives as well as their cost to employers. A recent survey emphasizes how these conditions can financially impact the… more »

06/01/18

  10:40:00 pm, by MedBen5   , 196 words,  
Categories: MedBen Analytics, Bundled Payments, Value-based care

Employers a Key to Value-Based Payment Transition

Value-based payment models are currently enabling Medicare to realize lower medical care costs... and MedBen is making these alternative payment methods available to self-funded employers as well. In a recent MedCity News article, Dr. Poonam Alaigh… more »