Posted on Jan 24, 2017 2:21:45 PM by Phil Davidson
There’s a simple formula employers and consultants should remember when they’re devising ways to keep healthcare costs low: excess costs follow excess risks.
Posted on Oct 28, 2016 10:53:39 AM by Chelsea Degree
The Centers for Disease Control and Prevention (CDC) has reported that 86% of healthcare costs can be attributed to treatment for chronic disease. A recent study by the CDC also indicates that costs associated with absenteeism among employees struggling with health risks or chronic disease average $12-$81 per employee per year for small businesses and $17-$286 per employee per year for large businesses.
Posted on Feb 29, 2016 9:00:00 AM by Phil Davidson
An ideal first step brokers can take when evaluating new changes to their self-funded clients’ benefits structure is a health insurance claim audit. This will lead to lower healthcare costs through identification of trends and high-cost claimants.
There are two generally accepted approaches for auditing claims: 100-percent claims audit and stratified random sample audit.