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Reference-Based Pricing Approach Often Reduced Employers’ Healthcare Spending By 20% To 30%
Reference-based pricing in its simple terms is the concept that an employer or health plan may decide an exact dollar amount that a benefit plan might cover for a particular service or procedure. It is sort of the defined contribution approach around procedures or medicare care. So, for example, today if someone gets a test…
Adopt Reference-Based Pricing Model to Contain Your Company’s Healthcare Costs
Employers can anticipate healthcare expenses once they adopt the reference-based pricing (RBP) model. With its implementation, they can determine reimbursements ahead of time, select the prices they are willing to pay for a healthcare service. RBP model saves employers from surprise healthcare expenses for their employees within their company. RBP can result in up to…
Preferred Provider Organization (PPO) & Facilities Now Can Price Any Claim at Any Specific Rate Automatically!
Healthcare prices set by fee-for-service have a direct impact on the prices paid by insurers throughout the health care system. But one of the most significant changes in the health care delivery system in the past few years has been the shift away from traditional FFS payment methods to managed care arrangements. It has been…