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
Did you know that 78% of your employees don’t understand their benefits and 59% don’t know how
to use them? That is the worst of both worlds: poor consumerism and reactive healthcare.
Gallup released their list of 2018’s biggest healthcare trends last December. According to Gallup, these five disruptive forces also present promising opportunities for healthcare leaders to improve patient, employee
and business outcomes.