How HR Can Lower Healthcare Costs Without Reducing Coverage

2019-09-05T08:56:58+00:00

This article was published on August 30, 2019 on the HR Daily Advisor written by Eileen Clark, Senior Vice President of Human Resources, ELAP Services. Large employers currently pay about $500 more in healthcare costs per employee than they did just a year ago—money every company would love to have back. With healthcare costs increasing yearly, many [...]

How HR Can Lower Healthcare Costs Without Reducing Coverage2019-09-05T08:56:58+00:00

Hospitals charge employers 240% more than Medicare

2019-05-15T10:10:24+00:00

Researchers hope the study will give private payors a better grasp of what health care costs are, and allow them to compare prices within a state and across states. (Photo: Shutterstock) This article was published on May 13, 2019 on BenefitsPro written by Scott Wooldridge. Prices range from 150 percent of Medicare prices [...]

Hospitals charge employers 240% more than Medicare2019-05-15T10:10:24+00:00

Value Based Pricing Gaining

2018-08-09T07:00:49+00:00

While plenty of folks talk about value based, or reference based, pricing as though it’s a fad that has come and gone, we’re finding more interest from employers all the time. This may be because many like to brand it as another form of disruption, but regardless of how you brand it, value based pricing [...]

Value Based Pricing Gaining2018-08-09T07:00:49+00:00

Reference-based pricing is gaining momentum

2018-07-18T14:39:45+00:00

This article was published on July 17, 2018 on Employee Benefit News, written by John Kern. Photo Source: Employee Benefit News. In my 25 years in the insurance business I’ve seen many changes. But there’s always been one constant: Healthcare and pharmacy costs continue to accelerate and no regulatory action has been able to slow [...]

Reference-based pricing is gaining momentum2018-07-18T14:39:45+00:00

Jury deems Centura Health $230K surgical bill ‘unreasonable,’ awards $766

2018-06-29T16:16:53+00:00

This article was published on June 21, 2018 on BenefitsPro, written by Greg Land. Photo Source: BenefitsPro. A woman was sued by a Colorado hospital seeking more than three times what it had already been paid for her surgery. A Colorado jury declared a hospital’s billing unreasonable, turning aside its lawsuit demanding almost $230,000 from [...]

Jury deems Centura Health $230K surgical bill ‘unreasonable,’ awards $7662018-06-29T16:16:53+00:00

Debunking Three Myths About Reference-Based Pricing

2018-05-22T13:57:22+00:00

Armed with the facts, brokers can offer expert advice about this cost-saving option. This article was published on May 9, 2018 on BenefitsPro, written by Steve Kelly, co-founder and CEO of ELAP Services. Photo Credit: BenefitsPro. The most successful business owners and employers surround themselves with advisers who are experts in their field and can guide [...]

Debunking Three Myths About Reference-Based Pricing2018-05-22T13:57:22+00:00

Reference-based pricing: where do carriers go from here?

2018-05-16T15:38:48+00:00

This article was published May 10, 2018 on BenefitsPro.com, written by Alex Tolbert. Photo Source: BenefitsPro Back in 2015, the big topic in health care was insurance company consolidation. This was the year Anthem announced plans to acquire Cigna, and Aetna put out a bid for Humana. Mergers across four of the country’s [...]

Reference-based pricing: where do carriers go from here?2018-05-16T15:38:48+00:00

How a Broken Healthcare System Impacts People’s Lives

2018-04-19T08:00:27+00:00

As a Third Party Administrator, employers and plan members count on us to make their health benefits work. While that sounds easy enough, it can be anything but easy when ordinary working families are forced to face exorbitant hospital bills. One couple recently found themselves confronted with a very difficult situation when their son needed [...]

How a Broken Healthcare System Impacts People’s Lives2018-04-19T08:00:27+00:00

The New Year’s Resolution You Should Keep: Managing Your Healthcare Costs

2018-01-11T16:24:21+00:00

The article below was published on January 3, 2018 by DigitalDealer, written by Contributing Writer Steve Kelly. Photo Source: DigitalDealer We came across this article written by Steve Kelly, co-founder and CEO of ELAP Services. It discusses one common theme that all of us at Diversified Group hear more and more from not [...]

The New Year’s Resolution You Should Keep: Managing Your Healthcare Costs2018-01-11T16:24:21+00:00

Responding to Growing Demand for Transparency

2017-09-15T09:00:13+00:00

Experts agree that a lack of true price transparency has contributed significantly to the inefficiency in healthcare. Several websites compare the costs for certain procedures at varying hospitals, but it’s still very difficult, if not impossible, to make an informed choice when preparing for a non-emergency procedure. As a result, most people still go to [...]

Responding to Growing Demand for Transparency2017-09-15T09:00:13+00:00