I was checking out this article in Vox Magazine, its about a family who was charged $25,000 for an MRI from her local hospital in California, where comparable procedures cost just over a thousand dollars. The article goes on to address the cost for the same procedure in other countries where patients would pay about 75% less. It should be immediately obvious how important healthcare cost comparison is.
I’m going to go ahead and apologize straight out of the gates. I’m sorry, but this article is going to be more salesy than what I normally write. Not because I’m desperately trying to sell you something and get you to buy my shiny toy, but because the subject matter deals very closely with what we do. But it’s an important topic. It’s healthcare management.(more…)
Do you feel like you have access to cheap medication? Let’s talk about medications and prescriptions. A lot of people need prescriptions pretty regularly. I mean a serious amount. The CDC (Center for Disease Control) estimates that about 50% of Americans have used a medication in the past 30 days alone. That’s a seriously significant chunk of people that visit the pharmacy. So let’s think about how many of us shop around for our prescriptions. I’m going to guess a very very slim margin are going to give any thought to price. Certainly not before filling the prescription at the pharmacy.(more…)
As we’ve looked at in the past, a lot of companies have transitioned to a high deductible health plan. We know that it’s a smart move if you want improve employee healthcare and help to keep costs sustainable. But is it enough to let them figure it out for themselves? Is it enough to hand them the keys to your multi-million dollar plan and expect for them to arrive safely every time? You know where I’m going with this one – no, it’s not.(more…)
Why health literacy and brokers?
When it comes to health literacy and brokers, its something that we strongly believe in. And we believe that they can support health literacy. We here at Trig like to think that we understand brokers. You see, way back in 1987 we started out as a health insurance brokerage. Once upon a time before the world of Obamacare and “health-tech”, we were working with our clients in a number of capacities. Not only normal broker stuff (renewals, shopping out your benefits etc.), but we also developed our own proprietary benefits administration products. Things like enrollment and HRA administration, things that now seem standard but were quite revolutionary at the time.(more…)
As we often discuss in this article series, the notion of healthcare education and outreach is very important to us and to our clients. We firmly believe that it is key to making an impact in your claims cost, and in getting an overall positive experience out of your care. But can we really expect to see an impact? You can. By targeting individual programs that solve specific issues that a company may be facing, and promoting the heck out of it, you can seriously make an impact. You see, people traditionally haven’t been in the driver’s seat of the claim management role. Until now. You can teach people how to ask the right questions at the right time, educate them on the process and give them your most effective tools and solutions.(more…)
Ok, time for some real talk. Over the last couple of years there’s been a lot of analysis, alterations and a reframing of the way that we look at healthcare from the employer perspective. Obamacare has forced us to step back and ask ourselves what level of benefits we should really be offering to employees. Do we go for the “Full Monty” and offer amazing benefits with the hopes that we can attract great people? Or do we pursue a more barebones approach and offer what Obamacare requires us to offer? What I’m getting at is this: What do we expect to get back from our investment? What is the “ROI” for offering benefits? And Most importantly, do we need ROI to justify having health insurance?
With all this talk about high deductible health plans and increased consumerism in healthcare, we are often left wondering if it all really works. Can we really do something about the rising care costs? Can we really expect people to shop for healthcare like they shop for cars and other consumer goods?
It is often said that the relationship between the doctor and the patient is the foundation of the American medical system. Consider your typical Americana small town circa 1950’s. One stoplight on Main Street, everybody knows everybody, and high school football is the main attraction. You know what I mean. In this scenario, I can tell you exactly who the 3 most important people in town are. The mayor, the priest, and the doctor. Why? Because these are the people that are the most trusted and are the cornerstone figures in people’s lives.
Think about your health insurance for a moment. Would you be able to tell me exactly where your insurance ends and your actual healthcare begins? Believe it or not (and you may be a part of this group,) most Americans don’t really understand the difference between healthcare and health insurance. Most people would group them together and assume that it’s all part of one big package. Let’s take a look at why the two can be confusingly intertwined: