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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. Plus, the event provided new insights regarding key elements of self-funded plan administration.
This year, our review of performance measures in MedBen's hospital block included a new feature: Expanded regional hospital benchmarking, including both metropolitan and non-metro facilities, that offered a fresh perspective into claim cost, plan design and contribution strategies.
Brian Fargus, MedBen Vice President of Sales & Marketing, took a closer look at the various types of plans commonly offered by metro hospitals, noting the difference in employee contributions to more benefit-rich plans: "Traditional plan premiums run, on average, about 10% higher for participating employees than those with consumer-driven, high-deductible health plans."
Fargus also pointed out that while both community and metro facilities had comparable benefits for domestic (own facility) care, community hospitals had higher average deductibles and employee coinsurance for non-domestic care than their metro counterparts. "And that's good, because better domestic benefits steer more members toward in-house care, which results in lower costs," he observed.
This year's roundtable also examined the importance of a focused approach on population health management. "Uncovering gaps in care and filling those gaps is essential to improving outcomes and optimizing efficiency," said Brooke Hupp, MedBen Regional Sales Manager.
Hupp noted that promoting preventive care, rather than having to take reactionary measures, makes a significant difference in an employer's health care spending. "Detecting a cancer at the earliest stage possible not only improves the patient's chances of survival, but also decreases potential plan costs" she said.
MedBen will conduct its 11th Annual Municipality Roundtable on March 30. Those interested in attending this free event are encouraged to contact MedBen Sales Analyst Sally Wood at (800) 423-3151, ext. 502 or emailing email@example.com.