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How Can Employers Cut Health Plan Costs with Reference-Based Pricing?
Capping health plan expenses is gaining attention. Employers and advisers alike have been buzzing about Medicare reference-based pricing (RBP), which is a relatively new solution for controlling health plan expenses set outside traditional insurance carriers. With Medicare reference-based pricing, employers can get in on the savings too, enabling them to control the costs of medical claims,…
Gaining Competitive Advantage through Medicare Prospective Payment System (PPS)
Prospective Payment System (PPS) is one of the most important policy tools in controlling ever-increasing healthcare costs. Built on a methodology that plays a crucial role in shaping providers’ incentive, PPS is gaining traction in health policy-making vis-a-vis the government’s efforts to expand health coverage to wider populations. What is the Purpose of PPS? Prospective…
How Leading Healthcare Insurers are Saving Millions While Ensuring Compliance
Many leading healthcare insurers used to spend too much time doing a lot of paperwork to fix billing errors, and complying with medicare regulations. That process had been too complex and labor-intensive, requiring manual collation taking weeks to finish. The outcomes were confusion, non-compliance, and errors with huge expenses. Technology as a Saviour Healthcare insurers…