MedBen Client Satisfaction Survey

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Category: "Cost savings"

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02/12/17

  11:33:00 pm, by MedBen5   , 256 words,  
Categories: News, Health Plan Management, Cost savings, Research

Health Care Costs Top Consumer Concerns... and MedBen's, Too

Even with issues like national security and immigration grabbing the headlines these days, health care costs still rank high on the list of American concerns, a new survey suggests. Likewise, finding ways to control client health care costs continually… more »

01/06/17

  10:04:00 pm, by MedBen5   , 268 words,  
Categories: Cost savings, MedBen Analytics, Bundled Payments, Quality, Value-based care

Study: Bundled Payment Model Saves Money, Maintains Quality Care

Proper use of bundled payments by health care providers can save money while maintaining or even improving quality of care, concludes new research from the Perelman School of Medicine at the University of Pennsylvania. According to a Penn Medicine news… more »

12/29/16

  03:47:00 pm, by MedBen5   , 219 words,  
Categories: Wellness, Health Plan Management, Cost savings, Third party administration, Self-funding

Self-funding Allows Employers to Flex Cost Saving Muscles

With health care spending expected to reach one-fifth of the U.S. gross domestic product by 2025, it's more important than ever for businesses to have a greater degree of cost control with their health plan. Toward that goal, MedBen continues to help… more »

12/01/16

  07:58:00 pm, by MedBen5   , 245 words,  
Categories: Prescription, Health Plan Management, Cost savings

Specialty Drug Growth Shows No Signs of Slowing

The increasing popularity of specialty drugs has brought new challenges to health plan management. However, MedBen has closely followed their growth, and works with clients to develop strategies that balance their medicinal advantages with realistic… more »

11/17/16

  11:04:00 pm, by MedBen5   , 157 words,  
Categories: Announcements, Prescription, Cost savings

2017 Formularies Now Available at MedBen.com

Formulary updates for prescription plans administered by Pharmacy Data Management, Inc. (PDMI) are now available at MedBen.com – simply click on “Plan Sponsors” (for employers) or “Plan Members” (for insureds) and select “Prescription Formularies” from… more »

11/16/16

  08:34:00 pm, by MedBen5   , 263 words,  
Categories: Health Plan Management, Taxes, Consumer-driven Health Plans, Cost savings, IRS, Ancillary benefits

Doing FSA Homework Saves Members Money

The tax-free benefits of flexible spending accounts (FSAs) helps plan members to save money on their health care spending... but using FSAs to their maximum advantage requires a bit of prior planning. Many FSA members are currently deciding how much of… more »

11/11/16

  11:00:00 pm, by MedBen5   , 201 words,  
Categories: News, Wellness, Cost savings, Research, Third party administration

More Smaller Groups Making the Self-funded Switch

The shift from fully-insured group insurance to self-funded coverage continues, with more and more businesses realizing its savings potential. And not just large companies, either... as benefit managers like MedBen offer solutions to minimize risk, even… more »

10/23/16

  10:31:00 pm, by MedBen5   , 264 words,  
Categories: News, Prescription, Cost savings

With MedBen, Drug Rebates Skip the "Middleman"

The ongoing issue of high prescription drug costs have led to media scrutiny, congressional hearings, and charges of price-gouging. MedBen prefers to remain above the fray, and instead focus on ensuring that our clients pay as little as possible for… more »

10/10/16

  07:58:00 pm, by MedBen5   , 260 words,  
Categories: Health Plan Management, Cost savings

Cost Savings from Self-Funding? It's All about Control

A recent EBN opinion piece on self-funding makes the observation that "TPAs have no financial incentive to comprehensively review all [claim] payments." At MedBen, we believe just the opposite ‒ as a third party administrator, it is entirely in… more »

10/04/16

  06:40:00 pm, by MedBen5   , 272 words,  
Categories: Reporting, Cost savings, MedBen Analytics, Bundled Payments

Clear Analytics Key to CJR Savings, Says Harden at Conference

"Keep analytics clear, simple, and interactive in order to deliver effective care transformation messages." That was the message Kurt Harden, President and Chief Operating Officer of MedBen Analytics, delivered to hospitals, health systems, and… more »

09/28/16

  05:04:00 pm, by MedBen5   , 282 words,  
Categories: News, Prescription, Health Plan Management, Cost savings, Research, Third party administration

Health Spending Spike: What's Your Plan?

U.S. health care spending growth has been relatively moderate this decade, but some recent numbers suggest that costs could soon see an upswing. For employers, it's an ideal time to review their current health plan administrator and ensure that measures… more »

09/20/16

  07:39:00 pm, by MedBen5   , 237 words,  
Categories: Announcements, Prescription, Health Plan Management, Cost savings

New MedBen Client Report Spotlights Budget-saving Solutions

Group health care plans can take up a sizable chunk of employer budgets, but MedBen offers a variety of ways to free up a portion of those funds for other business matters. In our new MedBen Client Report, we highlight some of the methods we use to… more »

09/11/16

  07:58:00 pm, by MedBen5   , 205 words,  
Categories: News, Wellness, Incentives, Cost savings, Research

Regular Exercise Can Save You Money

Here's a good reason to promote the value of exercise to your employees: It could save them $2,500 a year. According to a new study published in the Journal of the American Heart Association, an analysis of 26,239 men and women found that just 30… more »

09/09/16

  03:15:00 pm, by MedBen5   , 231 words,  
Categories: Prescription, Health Plan Management, Cost savings

Precision Prescription Coverage Starts Now

While precision medicine is in its relative infancy, its implications for our future health is significant. Tapping into that which makes us unique as individuals ‒ genetics, lifestyle, and environment ‒ improves the chances of better… more »

08/31/16

  03:22:00 pm, by MedBen5   , 268 words,  
Categories: News, Health Plan Management, Health Care Reform, Cost savings, Research, Third party administration

Self-funding Switch Makes Financial, Regulatory Sense

A new benefits survey indicates that the trend of switching from fully insured to self-insured is expected to grow by 35% in the next two years. This is to no surprise since fully-insured groups continue to see high premium cost growth. According to… more »

08/26/16

  07:47:00 pm, by MedBen5   , 244 words,  
Categories: Prescription, Health Plan Management, Cost savings

High Rx Prices Call for Private Sector Solutions

A recent Harvard Medical School study of how prescription drug prices are set suggests that, despite presidential campaign promises of reduced costs through government intervention, current conditions make it difficult for them to make significant… more »

08/22/16

  07:51:00 pm, by MedBen5   , 246 words,  
Categories: Wellness, Health Plan Management, Cost savings, Bundled Payments, Research

Employers Take Lead with Value-Based Benefit Designs

As more hospitals gravitate away from traditional fee-for-service to alternative payments methods, self-funded groups are making changes to their health care plans to capitalize on the potential savings. According to an analysis by the National Business… more »

08/12/16

  04:26:00 pm, by MedBen5   , 255 words,  
Categories: Health Plan Management, Consumer-driven Health Plans, Cost savings, Vision

As Health Care Landscape Shifts, Consumer-driven Plans Thrive

From BenefitsPRO: "[Health reimbursement arrangements (HRAs)] are making a comeback, most notably among smaller employers (2 to 100), large employers (5,000+), and any size groups with historically low utilization. Their appeal may also increase as they… more »

08/11/16

  09:08:00 pm, by MedBen5   , 255 words,  
Categories: News, Prescription, Cost savings

Specialty Drug Cost Spikes Require Saving Strategies

While average costs for employer-based health plans nationwide have risen at a fairly moderate pace this decade (though, it should be noted, not as low as MedBen's 5-year trend), specialty drug price spikes continue to concern employers. To reduce the… more »

08/09/16

  10:03:00 pm, by MedBen5   , 234 words,  
Categories: News, Wellness, Incentives, Cancer, Cost savings, Heart, Research, Diabetes

Physical Inactivity in U.S. Running up a Hefty Price Tag

Sitting on the sofa all day may be relaxing, but it's costing our country a lot of money. According to Benefits Pro, a new study finds that physical inactivity costs the U.S. $27.8 billion annually, an amount researchers label a conservative estimate.… more »

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