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Category: "Cost savings"

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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 »

08/08/16

  10:51:00 pm, by MedBen5   , 225 words,  
Categories: News, Wellness, Health Plan Management, Cost savings, Research, Ancillary benefits

MedBen Controls High Claimant Costs through Claims Management, Early Detection

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 »

07/22/16

  10:25:00 pm, by MedBen5   , 260 words,  
Categories: News, Health Plan Management, Stop-loss, Cost savings, Research

Cancer, Other Catastrophic Claims Account for Half of Stop-loss Reimbursements

Only ten ailments account for over half of all stop-loss reimbursements, finds a new study that demonstrates the importance of such coverage for self-funded employers. MedBen is here to help groups with stop-loss advise and cost control strategies.… more »

07/18/16

  08:47:00 pm, by MedBen5   , 216 words,  
Categories: News, Cost savings

MedBen Claims Management Keeps Costs Under National Trend

The Centers for Medicare and Medicaid Services recently projected that U.S. health care spending trend will continue to outpace the economy over the next decade. But MedBen uses its proven saving strategies to keep its own client cost trends as low as… more »

07/14/16

  02:59:00 pm, by MedBen5   , 319 words,  
Categories: Announcements, News, Prescription, Cost savings

MedBen Introduces Innovative Drug Compatibility Testing Service

"Pharmacogenetics" ‒ it's a big word that could lead to even bigger savings on drug costs for self-funded employers. MedBen is rolling out a new service that will allow clients to take advantage of this important new form of personalized… more »

07/12/16

  09:17:00 pm, by MedBen5   , 239 words,  
Categories: Wellness, Cost savings, Heart, Research, Diabetes, Hypertension, Preventive care

Chronic Conditions Seldom Stop at Just One

Chronic health conditions are often closely linked -- that is, one existing condition contributes to the development of another. It's a major reason that MedBen WellLiving places such a great emphasis on the ongoing doctor-patient relationship. For… more »

07/11/16

  04:28:00 pm, by MedBen5   , 180 words,  
Categories: Reporting, Cost savings, MedBen Analytics, Bundled Payments

Bundled Payments Rising, Hospital Readmissions Dropping

As bundled payments and other alternative payment methods become more commonplace, hospital readmission rates and costs are dropping. MedBen Analytics has been working to ensure that hospitals realize the benefits of bundled payments ‒ benefits… more »

07/07/16

  07:07:00 pm, by MedBen5   , 263 words,  
Categories: Health Plan Management, Reporting, Cost savings

MedBen Uses Predictive Analytics to Spot Risks Early

A recent Benefits Pro article explores how the use of predictive analytics helps to reduce wasteful health spending. At MedBen, this statistical approach serves as the foundation of our reporting platform — an approach that helps our clients to know in… more »

06/30/16

Time Has Come for Commercial Bundled Payments, Fraker Says

The use of bundled payments in commercial settings can reduce costs and help self-funded plans rely less on networks, MedBen Vice President of Compliance Caroline Fraker commented during a webinar on June 23. "Plan sponsors are looking for lower cost… more »

06/24/16

  11:19:00 pm, by MedBen5   , 200 words,  
Categories: News, Prescription, Health Plan Management, Cost savings

Survey: Rx Payments Based on Patient Outcomes Gaining Popularity

As medical costs continue to escalate, health plans are increasing exploring payment options that go beyond the traditional fee-for-service structure -- and the same may soon apply to prescription drugs. According to Stat, a recent survey reveals that… more »

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