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Category: "Cost savings"

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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 »

06/07/16

  09:23:00 pm, by MedBen5   , 340 words,  
Categories: News, Discounts, Health Plan Management, Cost savings, Provider Networks

MedBen (and Employers) Not Catching Merger Fever

The health care industry has become merger-happy in recent months, but many employers want no part of it. Neither, for that matter, does MedBen. According to Modern Healthcare, "several surveys of Fortune 500 companies and other big employers reveal… more »

05/26/16

  10:31:00 pm, by MedBen5   , 254 words,  
Categories: News, Prescription, Discounts, Health Plan Management, Reporting, Cost savings

Health Plan Savings Strategy Requires Rx Focus

One risks sounding like a broken record (or a corrupted MP3 file), but it really is important to the long-term financial health of your pharmacy plan to stress the large and ever-widening gap between brand-name and generic drug costs. As drug costs… more »

05/16/16

  08:21:00 pm, by MedBen5   , 316 words,  
Categories: Cost savings, MedBen Analytics, Bundled Payments

Bundled Payments Mean Higher Quality, Better Cost, Says Fraker

Bundled payments and other alternative payment methods already popular for Medicare claims will soon be used for commercial group health plans to save money while promoting quality care, says MedBen Vice President of Compliance Caroline Fraker in a… more »

05/10/16

  06:18:00 pm, by MedBen5   , 198 words,  
Categories: Prescription, Cost savings, Research

Doc Talk, MedBen Access Help Cut Unneeded Spending on Brand-name Drugs

A new pharmaceutical study reveals a money-saving reason to promote the importance of an open doctor-patient communication to your health plan members, and encourage the use of the drug comparison feature on MedBen Access. Accrding to Stat, the study… more »

04/28/16

  06:54:00 pm, by MedBen5   , 304 words,  
Categories: Prescription, Online Services, Cost savings

MedBen Access Helps Rx Customers Be Savvy Shoppers

A Los Angeles Times article highlights the extreme disparity in prescription drug costs between pharmacies... disparities readily apparent to consumers paying cash, but typically hidden from insured patients. It's a reality that demonstrates the… more »

04/21/16

  11:14:00 pm, by MedBen5   , 256 words,  
Categories: News, Prescription, Health Plan Management, Health Care Reform, Cost savings, MedBen University

MedBen University Event Focuses on Cost Control Strategies

On April 21, MedBen concluded a multi-day Indiana trip with a MedBen University (MBU) event in Lawrenceburg. Entitled "Taking Charge of Your Health Care Costs" and cosponsored by Pinnacle Advisory Group, this free seminar touched on a variety of… more »

04/15/16

  10:07:00 pm, by MedBen5   , 216 words,  
Categories: Prescription, Health Plan Management, Cancer, Cost savings

MedBen Rx Spending Continues to Defy National Trend

U.S. drug spending witnessed another sharp jump in 2015... but MedBen drug spending came in at just one-third of the national trend. The Wall Street Journal reports that total spending on prescription drugs in the U.S. rose 12.2% to nearly $425 billion… more »

04/14/16

  10:53:00 pm, by MedBen5   , 202 words,  
Categories: News, Health Plan Management, Hospitals, Cost savings, Research

Metro Hospital Preference Runs Counter to Study's Cost-Quality Connection

A new study suggests that most Americans think that the paying more for medical care doesn't ensure higher quality... but the tendency of many patients to gravitate toward pricier metropolitan hospitals would suggest otherwise. That's why MedBen works… more »

04/07/16

  10:35:00 pm, by MedBen5   , 344 words,  
Categories: Announcements, Prescription, Incentives, Cost savings, MedBen University

MedBen Municipality Clients Experience Low 5-Year Cost Trend

MedBen government clients have experienced a cost trend of just 9.3% from 2011 to 2015, said Brian Fargus, MedBen Vice President of Sales & Marketing, at the company's 10th Annual Municipality Roundtable on Thursday, April 7. That breaks down to… more »

04/05/16

  11:29:00 pm, by MedBen5   , 238 words,  
Categories: News, Prescription, Cost savings

Major Price Increases for Leading U.S. Drugs Since 2011

Prices for four of the nation's top 10 drugs more than doubled from 2011 to 2014, according to a new Reuters analysis of proprietary data. The six others went up more than 50%. The highest price jumps among the top 10 drugs include the arthritis drugs… more »

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