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Category: "Reporting"

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10/22/17

  08:23:00 pm, by MedBen5   , 213 words,  
Categories: Wellness, Reporting, Cost savings

Claims-Based Wellness Approach Pays Healthy Dividends

“Just the facts.” It worked for Sgt. Joe Friday, and it works for wellness, too. Unlike traditional wellness programs that require employees to complete imprecise and unreliable health risk assessments, MedBen WellLiving takes a claims-based approach.… more »

10/20/17

  03:34:00 pm, by MedBen5   , 185 words,  
Categories: Prescription, Reporting, Cancer, Cost savings

Specialty Drug Projection: $25 Billion Annually

According to a recent Mercer survey (as reported by Reuters), over the next five years, between 40 to 50 new specialty drugs will be launched on the market each year. These could increase costs by $25 billion annually. (No, that’s not a typo… $25… more »

09/24/17

  10:13:00 pm, by MedBen5   , 245 words,  
Categories: News, Reporting, Population health management, MedBen Employees

MedBen Talks Health Management at Innovation Conference

MedBen clients were among those getting useful benefits management advice at the 4th Annual Sherrill Morgan Healthcare Innovation Conference on September 11-12, 2017. MedBen itself was also well-represented at the event, both as presenters and on the… 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 »

02/24/17

  08:15:00 pm, by MedBen5   , 182 words,  
Categories: Reporting, MedBen Analytics, Value-based care

MedBen Analytics Set for New Model Launches

An executive order by the Trump administration has briefly delayed the rollout of the bundled payment model for hip and femur fractures, but will not alter cardiac and orthopedic model launches later this year. Regardless, MedBen Analytics is fully… more »

01/12/17

  05:23:00 pm, by MedBen5   , 784 words,  
Categories: Health Care Reform, Taxes, Reporting, IRS

IRS Reporting Deadlines Fast Approaching

Hard though it may be to believe, here we are in January 2017... and if you're a self-funded employer plan sponsor, it's time to get serious about preparing your IRS Form 1095s. As you know, the Affordable Care Act (ACA) and its supporting regulations… more »

10/28/16

  05:50:00 pm, by MedBen5   , 205 words,  
Categories: Announcements, News, Reporting

MedBen Reporting Partner Rebrands, Promises Even Better Analytic Solutions

Verisk Health, the company that MedBen has partnered with to provide clients with detailed reporting services, recently rebranded to Verscend Technologies (Verscend). But while their name is different, the company's commitment to analytic solutions… more »

10/17/16

  01:50:00 pm, by MedBen5   , 324 words,  
Categories: Health Care Reform, Taxes, Reporting, IRS

MedBen Ready to Help Clients Meet IRS Reporting Deadline

Hard though it may be to believe, we've already entered the final quarter of 2016. If you're a self-funded employer, that means it's time to get serious about preparing for a critical health care reform mandate: Providing the IRS with an accurate… 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 »

07/26/16

  03:50:00 pm, by MedBen5   , 257 words,  
Categories: News, Health Care Reform, Taxes, Reporting

REMINDER: PCORI Filing and Fee Due No Later than July 31, 2016

As in years past, all self-funded employer health plan sponsors are required to file and pay their Patient-Centered Outcomes Research Institute (PCORI) fee no later than July 31, 2016. All self-funded plan sponsors are required to pay a fee based on the… 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 »

06/13/16

  10:33:00 pm, by MedBen5   , 220 words,  
Categories: Reporting, Hospitals, MedBen Analytics, Bundled Payments

MedBen Analytics Converts Data to Insight, Harden Says at Bundled Payment Summit

MedBen President and COO Kurt Harden was among the presenters at the Sixth National Bundled Payment Summit in Washington, DC on June 9. Speaking at the event's Innovation Showcase, Harden discussed Comprehensive Care for Joint Replacement (CCJR) bundled… 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 »

04/01/16

  09:18:00 pm, by MedBen5   , 229 words,  
Categories: News, Reporting, MedBen Analytics, Bundled Payments

MedBen Analytics Ready to Help Hospitals with Bundled Payment Solutions

April 1 marks an important day for U.S. hospitals, as Medicare makes a major shift from fee-for-service medicine to value based payments in 67 MSAs across the country. MedBen Analytics has an innovative system in place to assist participants with the… more »

02/11/16

  10:14:00 pm, by MedBen5   , 259 words,  
Categories: News, Reporting, Hospitals, Cost savings, MedBen Analytics, Bundled Payments

As Providers Shift to Value-based Payments, MedBen Analytics Offers Actionable Insights

The U.S. Department of Health and Human Services is taking bold measures to move Medicare payments from the traditional model to alternatives based on the value of the services given. MedBen Analytics is currently working with providers nationwide to… more »

01/27/16

  10:30:00 pm, by MedBen5   , 529 words,  
Categories: News, Reporting, Hospitals, Cost savings, MedBen Analytics, Bundled Payments

Data Transparency Leads to Success in Bundled Payments, Harden Says at Conference

"Data transparency will help drive success in the new world of value-based and bundled payments." That's the message MedBen President and COO Kurt Harden shared with hospital, health system, and provider group representatives at the 2nd Annual Bundled… more »

01/06/16

  09:24:00 pm, by MedBen5   , 293 words,  
Categories: News, Health Care Reform, Reporting, IRS

Affordable Coverage Threshold for ALEs Higher in 2016

A reminder for the 2016 plan year: The threshold for Applicable Large Employers (ALEs) -- that is, those with 50 or more full-time employees -- to determine whether or not the contributions they charge their employees for health coverage is affordable… more »

12/29/15

  07:14:00 pm, by MedBen5   , 430 words,  
Categories: Announcements, News, Health Care Reform, Reporting, IRS

IRS Extends Employer Health Coverage Reporting Deadline

IRS has Filing Requirement Previous Deadline Extended Deadline Sending 1095C forms to their Employees (if a large employer) or 1094B (if a self funded small employer) February 1, 2016 March 31,… more »

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