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Category: "Cost savings"

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07/16/17

  09:46:00 pm, by MedBen5   , 251 words,  
Categories: Wellness, Cost savings, Preventive care

"Physician First" Wellness Takes a Long-Term View

A common excuse for not getting an annual wellness exam: "I feel fine, so why waste my time and money seeing a doctor?" But by taking this narrow view of regular check-ups, many people fail to understand that their benefits go well beyond current health… more »

07/14/17

  03:11:00 pm, by MedBen5   , 191 words,  
Categories: Prescription, Cost savings

For Real Rx Savings, Generics (and MedBen) Deliver

When promoting pharmacy plans, third party administrators sometimes play up their brand-name drug discounts... conveniently overlooking the fact that most doctors prescribe generic medications when available. That's why MedBen focuses on the real… 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 »

05/21/17

  11:11:00 pm, by MedBen5   , 252 words,  
Categories: Stop-loss, Cost savings, Third party administration, Captives

MedBen Stop-Loss Captive Offers Cost Savings Through Shared Risk

The MedBen stop-loss captive save clients money while reducing financial risk, says Jay Ritchie, Executive Vice President of Tokio Marine HCC. Speaking at the 2017 Employer Roundtable on May 11, Ritchie noted that the success of MedBen's captive is… more »

05/01/17

  07:39:00 pm, by MedBen5   , 221 words,  
Categories: Prescription, Wellness, Cost savings, MedBen University, Municipalities

MedBen Municipality Group Costs Rose Just 1% in 2016

Municipality groups administered by MedBen are seeing only minimal cost growth, according to an analysis of industry-specific benchmarks at the 11th Annual MedBen Municipality Roundtable on March 30. In presentations to attending clients, MedBen… more »

04/14/17

MedBen Helps Clients Controls High Claimant Costs

High cost claimants are among the leading contributors to health care spending, topping even medical inflation, pharmaceuticals and specific diseases. A study from the American Health Policy Institute and Leavitt Partners found that claimants who cost… more »

04/07/17

  10:58:00 pm, by MedBen5   , 271 words,  
Categories: Prescription, Wellness, Hospitals, Cost savings, MedBen University

MedBen Hospital Block Costs Rose Just 4.8% in 2016

At the 15th Annual MedBen Hospital Roundtable, MedBen President and COO Kurt Harden and Vice President of Sales & Marketing Brian Fargus shared with attendees a wealth of information about their medical and pharmacy plans, including how their costs… more »

04/05/17

  05:10:00 pm, by MedBen5   , 225 words,  
Categories: Wellness, Cost savings, Preventive care

Primary Care Critical to Population Health Management

The importance of primary care physicians to improved population health goes well beyond "simple office visits," says Asaf Bitton, an internist and assistant professor at Harvard Medical School and Brigham and Women's Hospital, to The Daily Briefing:… more »

03/26/17

Hospital Roundtable Features Expanded Benchmarking, Population Health Insights

The 15th Annual MedBen Hospital Roundtable, held at the C. Arthur Morrow Conference Center in Newark, Ohio on March 23, gave attendees the chance to review hospital health plan usage trends and compare their plan costs to those of other hospital groups.… 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 »

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 »

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