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Category: "News"

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07/16/17

  10:01:00 pm, by MedBen5   , 331 words,  
Categories: Announcements, News, ISO

Following Successful Audit, MedBen Recommended for ISO Recertification

MedBen has successfully completed its latest re-assessment audit of its ISO 9001 procedures and has been recommended for recertification, according to the company’s Chairman and CEO Doug Freeman. In its written recommendation, auditors from SAI Global… more »

06/16/17

  08:15:00 pm, by MedBen5   , 210 words,  
Categories: News, Wellness, Reporting, Cost savings, Hypertension, Population health management

MedBen WellLiving Clients See Lower 3-Year Cost Trend

By promoting employee wellness, MedBen WellLiving clients are realizing significantly lower health care costs. From 2014 to 2016, employers that integrated WellLiving into their health care package experienced just a 1.6% trend, compared to 8.5% trend… more »

06/07/17

  03:09:00 pm, by MedBen5   , 210 words,  
Categories: News, Cost savings, Third party administration, Self-funding

Rise in Multi-Million Dollar Claims Stresses Need for Cost Management Solutions

The elimination of lifetime maximums on self-funded health plans has led to a spike in multi-million dollar claims... and an even greater need for the claims management solutions provided through MedBen. According to the 2017 Sun Life Stop-Loss Report,… more »

06/02/17

  10:01:00 pm, by MedBen5   , 172 words,  
Categories: Announcements, News, Wellness, Cost savings, Third party administration, Self-funding

MedBen Cost Trend Remains Low... Especially for WellLiving Clients

Through effective claims management and intelligent plan design, cost trend for MedBen clients in 2016 was only 3.9%. And from 2012 to 2016, client cost trend averaged just 3.5% over the five-year period. But there's more to the story. MedBen clients… more »

05/30/17

IRS Announces 2018 HDHP Deductible, Out-of-Pocket Limits

As is the case every spring, the Internal Revenue Service (IRS) has released its guidance regarding the limitations for high deductible health plans (HDHP) for the coming calendar year. Rev. Proc. 2017-37 announces the limits that will apply to any HDHP… more »

05/21/17

  11:05:00 pm, by MedBen5   , 327 words,  
Categories: News, Health Care Reform, Taxes, IRS

Reminder: PCORI Filing and Fee Deadline Approaching

As in years past, it's time for all self-funded employer health plan sponsors to file and pay the required Patient-Centered Outcomes Research Institute (PCORI) fee. While hope continues that payment of this fee may be suspended as part of the current… more »

05/19/17

  05:18:00 pm, by MedBen5   , 227 words,  
Categories: Announcements, News

Millard Completes Chamber Leadership Program

MedBen Director of Data Processing & Technical Compliance Wayne Millard recently completed the Community Leadership of Licking County program, offered through the Licking County (OH) Chamber of Commerce. For completing the nine-month program, Wayne… more »

05/18/17

  02:22:00 pm, by MedBen5   , 227 words,  
Categories: Announcements, News

Team MedBen Challenges Heart Disease at AHA Event

For the second year running (literally), MedBen participated with other area businesses in the Licking County HeartChase on Saturday, May 6 in Newark, Ohio. MedBen also served as a corporate sponsor for the event, which was created by the American… more »

05/05/17

  11:11:00 pm, by MedBen5   , 329 words,  
Categories: News, Health Care Reform, Self-funding, American Health Care Act

AHCA Clears House Hurdle, But Faces Uphill Senate Battle

It took a lot of old-fashioned wheeling and dealing, but on May 4 the Republican block of the House of Representatives managed to pass the American Health Care Act (AHCA) with 217 "yea" votes ‒ just one vote above the minimum number required for… more »

05/02/17

  06:43:00 pm, by MedBen5   , 160 words,  
Categories: News, Hospitals, MedBen Analytics, Bundled Payments, Research, Value-based care

With Readmissions, Cost Savings Are in the Details

Among the advantages of MedBen Analytics' proprietary reporting platform is that it allows providers to drill down into hospital readmission data. Now, a new study demonstrates the financial value of this accessibility. University of Michigan… more »

04/25/17

  04:14:00 pm, by MedBen5   , 107 words,  
Categories: Announcements, News, MedBen Analytics, Comprehensive Care for Joint Replacement (CJR)

CJR Year 1 Reconciliation Reports Available

Earlier today, CMS delivered the CJR Performance Year 1 (PY1) Reconciliation Reports and related files. MedBen Analytics has begun the process of auditing the Net Payment Reconciliation Amount (NPRA) for our clients. A hospital will earn a positive… more »

04/20/17

  09:03:00 pm, by MedBen5   , 207 words,  
Categories: News, Prescription, Wellness, Research

Prescription Adherence Crucial to Better Population Health

The New York Times reports that approximately 125,000 deaths and at least 10% of hospitalizations can be attributed to lack of prescription adherence. From a financial perspective, negligence costs the American health care system between $100 billion… more »

04/18/17

  03:48:00 pm, by MedBen5   , 235 words,  
Categories: News, Wellness, Cancer, Research, Preventive care

Task Force, Doctors Weigh in on Screening Start Dates

Two cancer screening-related items recently made the news, both of which address the question of when (or if) such tests are appropriate: The U.S. Preventive Services Task Force (USPSTF) has walked back from its 2012 position that most men should… more »

04/04/17

  04:48:00 pm, by MedBen5   , 153 words,  
Categories: Announcements, News, MedBen University

New MedBen Benefits Roundtable Offers Useful Employer Information

MedBen University (MBU) is pleased to announce a additional event for the 2017 season: The Employer Benefits Roundtable, which will be held at the C. Arthur Morrow Conference Center, 1821 W. Main Street, Newark, Ohio (located next to the MedBen home… more »

03/31/17

  10:54:00 pm, by MedBen5   , 442 words,  
Categories: News, Health Care Reform

Revised SBC Template Required for Employer Plans

The Affordable Care Act (ACA) requires that issuers and health plans provide a Summary of Benefits and Coverage (SBC), including a description of what the health plan covers and the cost sharing responsibility of the consumer, in order to help… more »

03/30/17

  08:58:00 pm, by MedBen5   , 222 words,  
Categories: News, MedBen Analytics, Bundled Payments

Bundled Payment Rollouts Delayed Again

On March 21, the Centers for Medicare and Medicaid Services delayed the expansion of the Comprehensive Care for Joint Replacement (CJR) as well as the implementation of cardiac bundled payment initiatives. This marks the second such postponement of… more »

03/26/17

  10:27:00 pm, by MedBen5   , 440 words,  
Categories: News, Health Care Reform, Compliance

AHCA Withdrawal Leave Lingering Questions about Health Care Reform's Future

On March 24, House Speaker Paul Ryan pulled the American Health Care Act (AHCA) ‒ the vaunted replacement to Obamacare ‒ from the floor, lacking the votes to pass the bill. So what happens next? And what can employers do to let their voices… more »
  10:07:00 pm, by MedBen5   , 200 words,  
Categories: Announcements, News, Cost savings

Claim Surveillance Software Continues to Deliver Savings for Clients

MedBen takes no small measure of pride in its advanced claims surveillance system, and for good reason. In 2016, claims flagged by this system and reviewed by a team of medical specialists experienced an average cost reduction of 25%, after deductibles,… more »

03/08/17

  10:43:00 pm, by MedBen5   , 347 words,  
Categories: News, Health Care Reform, Taxes

ACA Replacement Bill Omits Employer Health Plan Tax

One of the major surprises of the Republican replacement plan to the Affordable Care Act ‒ tentatively called the "American Health Care Act (AHCA)" ‒ is not what's in it, but what House members left out: A provision eliminating or capping… more »

03/07/17

  10:42:00 pm, by MedBen5   , 208 words,  
Categories: News, MedBen Analytics, Bundled Payments, Value-based care

CJR Claim Data Feeds Go Monthly

CMS recently announced that, beginning this month, they will switch from quarterly data feeds to monthly data feeds for CJR. For MedBen Analytics clients, this means the actionable reports they receive from our portal will be even more timely, allowing… more »

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