Healthcare Consultants
Overview
Before caring for others, first look after yourself.
Tags | consulting, healthcare, Medicaid |
Share |
The Challenge
A Medicaid healthcare consulting firm with operations in 40 states had plateaued in its approach to providing employee benefits. They thought they were doing everything possible to control their medical spend, but were experiencing dramatic sticker shock over the annual price increases of their commercial PPO.
In search of what to do, they discovered self-funding and Medicare-like prices offered by a transparent solution composed of several self-funding pillars.
Our Solution
Given the scrutiny they’d likely face from their insurance-savvy workforce, moving to a new plan had major implications for employee satisfaction. Moving to a more flexible model allowed the group to implement cost reduction strategies with no adverse impact on the quality of care. Their solution includes:
- Rates closely aligned with Medicare pricing
- Eliminate both member and plan Rx cost
- Direct contracting and bundled payments
- Financial incentives to redirected members within PPO
Results:
