The lack of transparency in the US healthcare system has bred outrageous price discrepancies, unimaginable in any other industry.Continue reading
On June 20th, President Trump issued an executive order to compel disclosure and transparency in healthcare prices. Predictive Health Partners will be watching closely the developments of this historic event.
Predictive Health Partners allows your employees to search for price and quality information for geo-specific, in-network routine care facilities, for 600 types of procedures and cost-savings for expensive specialty-care prescription drugs.
You can read the full article at https://www.upi.com/Top_News/US/2019/04/02/Study-Americans-borrowed-88B-for-medical-costs-in-2018/6951554214334/
Read more about it on the following article “Employer ERISA Obligation to Manage the Health Benefit in Self-Insured Group Health Plans“ by CGH Benefits Law Firm.ERISA-Health-White-Paper
Predictive Health Partners can assist your self-funded organization in limiting fiduciary liability. Like to know how much your organization is wasting in healthcare?
Predictive Health Partners supports this article published by The American Health Policy Institute. Healthcare plan fiduciaries certainly do have the “unfettered right to access, analyze, and compare health servicing provider pricing, network fee arrangements, and quality data, and to communicate that information to stimulate competition”.ERISA_Fiduciary_Responsibilities_for_Health_Care_Plans_2018
Self-Insurer, the official publication of the Self-Insurance Institute of America, Inc. (SIIA), recently sat down with three innovators who are harnessing technology to revolutionize healthcare.
“The lack of price transparency in healthcare is crippling our economy and bankrupting our employees. Self-insured organizations, and their employees, unknowingly overspend more than $200B annually on just routine care.(blood tests, imaging, outpatient procedures and Rx) . What if… here’s the BIG idea… we not only identified those high cost facilities, but then redirected those savings back to the companies’ bottom lines and the employees’ wallets? It’s both an art and a science and we’re passionate about it.” — Jim LewisThe-Digital-Difference-by-Bruce-Shutan