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Category: "Third party administration"

09/22/17

  10:31:00 pm, by MedBen5   , 274 words,  
Categories: Security, Third party administration, Compliance, MedBen Employees

Fraker, Crain Moderate SPBA Conference Sessions

MedBen Vice President of Compliance & Chief Privacy Officer Caroline Fraker was among the session moderators at the Society of Professional Benefit Administrators (SPBA) Fall Conference on September 13-15, 2017. Fraker has served as a SPBA board… more »

09/06/17

  09:52:00 pm, by MedBen5   , 196 words,  
Categories: Prescription, Cost savings, Third party administration

MedBen Claim Surveillance Case Study: $100k In Savings on One Person

MedBen cost containment technology, coupled with professional analysis, is saving a MedBen client almost $100,000 annually. Recently, MedBen's claim surveillance system flagged a claim from a hospital billing for an injectable specialty drug to treat a… more »

08/27/17

MedBen Client Report Highlights Population Health Management Services

The health care landscape may continue to shift, but MedBen remains focused on providing clients with cost-effective, employer-directed administrative services. In our 2017 MedBen Client Report, we look at the various way we're working with employers to… more »

08/09/17

  03:09:00 pm, by MedBen5   , 211 words,  
Categories: Announcements, News, Cost savings, Third party administration

MedBen Surveillance System -- Ten Years of Money Saved

In September of 2007, MedBen introduced to its self-funded clients an advanced surveillance system that took claims management to a higher level. And nearly 10 years later, our clients continue to realize significant savings from this system, which… 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 »

06/04/17

  03:29:00 pm, by MedBen5   , 170 words,  
Categories: Research, Third party administration, Vision, Self-funding

Vision Coverage Looks Good, Employees Say

Adding vision benefits to a group health care plan sends a positive message to employees and serves as a useful retention tool, a recent survey reveals. According to the Employee Perceptions of Vision Benefits survey (via BenefitsPRO), an overwhelming… 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 »

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 »

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 »

03/12/17

Final Reminders for MedBen University Roundtables

Two MedBen University industry-specific roundtables are just days away... so if you've been thinking of attending, now is the time to register! On Thursday, March 23, MedBen will host the 15th Annual Hospital Roundtable, sponsored by ISU Stop-Loss.… 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 »

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 »

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 »

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 »

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 »

02/26/16

  03:47:00 pm, by MedBen5   , 650 words,  
Categories: News, Health Plan Management, Health Care Reform, Third party administration, MedBen University

First MBU of 2016 Highlights Health Care Reform

MedBen University (MBU) launched its 2016 series of benefits management seminars with a session that offered an extensive look at the current state of the Affordable Care Act. Entitled "Navigating the Health Care Reform Storm" and presented by MedBen… more »

02/22/16

  11:39:00 pm, by MedBen5   , 323 words,  
Categories: News, Health Plan Management, Hospitals, Cost savings, Heart, Third party administration

More Hospital Settlements as Justice Department Ends ICD Investigation

The U.S. Justice Department has made its final round of settlements with hospitals suspected of excessive use of implantable cardiac devices (ICDs) following a five-year study. Meanwhile, MedBen has been protecting clients from this expensive practice… more »

02/15/16

  10:32:00 pm, by MedBen5   , 212 words,  
Categories: News, Prescription, Health Plan Management, Cost savings, Third party administration

MedBen Tops Central Ohio TPA Employee Survey

A new Columbus Business First survey reveals that MedBen is Central Ohio's leading third-party administrator, as ranked by local TPA employees. With 147 TPA employees residing in Licking, Franklin and surrounding counties, MedBen employs over 100 more… more »