Self-Funding in Action
Price Transparency
The Pros of Knowing Medical Procedure Pricing Upfront
In recent years, price transparency has become a big part of self-funded plans. Third party administrators (TPAs) are partnering with facilities that share their prices by procedure upfront in an effort to educate employees about what care should cost and encourage them to make smart spending decisions. See how this concept is adding up to substantial savings for employers with self-funded employee benefits.
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How Self-Funded Employers Are Saving Up to 30% with Reference-Based Pricing
Searching for a solution that would offset fast-rising healthcare costs and provide more savings than a traditional PPO discount, Custom Design Benefits introduced a reference-based pricing (RBP) program for its self-funded plans that is returning great results. When compared to READ MORE>
Price Transparency a Factor as Self-Funded Employers Realize $10 Million in Savings
Appearing as a guest on an episode of The MiddleGround, Jay Kempton discusses why his Midwest-based TPA firm became involved with the movement toward price transparency in self-funding and how it helped contribute to nearly $10 million in savings by READ MORE>