The Benjamin Report™
The key deliverable of the Waste Detection and Spending Optimization Phases is The Benjamin Report™, which identifies client-specific, waste spending areas, irregularities in claims and cost-saving opportunities.
Detects irregularities in the claims, which typically amount to 1% to 3% of the total spend, that can be reclaimed
Highlights the top 10-12 care items that make up 45%-55% of the routine healthcare spend, permitting a focused strategy for cost savings
Identifies costly, in-network price variations & spending patterns to compare “in-network” price and quality variations for routine, outpatient procedures, provider-by-provider
Act of 1974
Satisfies ERISA health benefit fiduciary requirements with an accurate and complete savings audit
50% – 70%
Leverages direct-to-drug-manufacturer sourcing, targeting higher cost, specialty medications for common chronic conditions, finding 50%-70% potential savings for these low volume, but often highest cost-drivers
Illuminates the ideal, company-preferred, routine care network (still within the company plan) with quantifiable savings and independent quality ratings
Identifies one to three, easy-to-implement enhancements to the benefit design with the greatest impact for optimizing immediate saving potential
Recommends turn-key employee engagement strategies to rapidly increase use of the company-preferred, routine care network
How we reduce waste
Within 30 days we will let you know how much money you can save.
INSIGHTS & RESOURCES