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 2015. Kempton explains how partnering with facilities that advertise the costs of medical procedures upfront READ MORE>
Unlike traditional health plans, self-funding offers employers access to benefits data (generic data that in no way identifies covered individuals or employees). Caroline Fraker of MedBen explains how her company has been able to help clients use this data to identify major trends and savings opportunities. Fraker shares how analyzing de-identified plan data can help employers READ MORE>
The customization that comes with unbundled self-funded plans gives U.S. employers many unique, “difference maker” advantages. According to Andy Fujimoto of AmeriBen, these include the ability to recruit top-notch talent, reduce care costs, increase staff productivity and improve employee health. He shares how self-funded employers are one of the few groups that can spark change READ MORE>
In the eyes of a CEO from a successful TPA firm, employers are shifting from the mindset of passive buyers of standard employee benefits to proactive plan owners who are ready to take control with the added choices self-funding presents. Jay Kempton of The Kempton Group weighs in on why self-funding has grown so much, READ MORE>
Because employee involvement is such a big part of self-funded health plans, workers are being encouraged to make decisions that lead to better health. Here’s one example of how a smoking cessation program is paying off now and for the long-term. Boon-Chapman, a third party administrator (TPA) in Texas, developed a successful workplace wellness program READ MORE>