Monday, December 5, 2022

CFOs Can Sustainably Reduce Health Plan Costs With A Proven, Flexible Strategy!

It's Time for CFOs to Rethink Their Organization's - and Broker's - Strategies and Plans for Sustainably                     Reducing the Cost of  Health Plans                  and Employee Benefits!

How – CFOs should start with Controlling the Supply Side Costs! 

It's possible! Hospitals, Medical Centers, Health Care Providers and Supplies have long been billing and raising prices at will! A lack of transparency makes things worse. 

Insurance Companies do little to contain costs!! They pass them along to Employers and Employees!

A Previous Attempt To Control Costs That Didn't Work!

> Reference Based Pricing (RBP) was a good start but was flawed. The problem was Balance billing that occurs when providers bill a patient for the difference between the amount they charge and the amount that the patient’s insurance pays. The amount that insurers pay providers is almost always less than the providers “retail price.” Some providers will bill the patient for the difference, or balance; this is called Balance Billing.

A Plan To Control Costs That Works!

> Contract Based Pricing (CBP) has solved the problem of Balance Billing. CBP in conjunction with expanded services will save your organization over 25% on Health Plan Costs with: 1) Enhanced Benefits, 2) Reduced Administrative Time/Costs and 3) No Employee Benefit “Take Aways”! 

How does a Contract Based Pricing Plan (CBP) Work?

CBP Plans are based on a formal pricing agreement between Healthcare Providers/Suppliers and an Organization (generally a specific large Employer or a TPA on behalf of their Client Employers) that specifically establishes significant discounts for services rendered. 

Why have your Brokers failed to present the CBP Plan to you?

There are three simple reasons: 1) They have not heard about and researched the CBP Plan alternative to traditional plans 2) They don't understand the concept or confuse it with the above mentioned Reference Based Pricing (RFP) Plans or 3) They are concerned about their reduced commissions/fees! 

Note - Employers can implement a CBP Plan - and begin saving - at any time during a year! 

If you have already accepted the Best Your Broker Had to Offer - or are in the middle of a Plan Year - No Problem! You can start saving now with No Penalties to your Organization or your Employees!

Check Out the Flier below for more Info - It's Time for a 2nd Opinion!!

Let's schedule a time to discuss the above and your options -- 

Phil Eide -- Message/Text - 216.577.5579 / Email - vestalimited@gmail.com



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