This Software May Predict If Your Employee Is About To Get Sick

Everlong Group Medical Captive Services is moving employers beyond standard fitness programs by using Springbuk’s sophisticated data analytics to modernize health initiatives. If you are looking for a better way to purchase group health insurance, let’s talk.

 

This Software May Predict If Your Employee Is About To Get Sick

Employee Benefit News

Rod Reasen, co-founder and CEO of Springbuk, says it’s not enough for employers to have access to large amounts of population health data, they need technology that makes it simple enough for the average person to understand.

So many employers — to the tune of almost $100 billion — are doing something called population health,” he says. “They want to reduce healthcare costs, yet they still want to make an investment in improving the health of the employee.

For example, she says, looking at consumer data like the length of a worker’s commute or how many people live in their household, could help an employer get a better picture of how they are likely to engage with their health.

“Our big thesis is let’s show people what they need to know and build a software system that shows them the problems. Instead of giving them a system where they’ve got to go find the problems themselves,” he says.

Read More: https://www.benefitnews.com/news/springbuk-software-uses-claims-data-to-monitor-worker-health

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PBM Executives Set To Testify On Capitol Hill This Week

Why wait for Congress to fix the broken system and reduce drug prices? Everlong gives Captive Members the ability to use a PBM that provides 100% transparency into pricing and passes rebates on to the employers.

Contact us to learn more about how Everlong offers a better way to control health care costs.

 

Executives from pharmacy benefit managers set to testify on Capitol Hill

Fierce Healthcare

“Drug rebates—and the Department of Health and Human Services’ plan to eliminate them—are likely to be center stage in the discussion around the role that PBMs play in rising drug prices.”

“one of policymakers’ key concerns about drug rebates is the lack of transparency around the negotiations and who gets a cut of the discounts.”

“HHS argues that its rule—which would eliminate the anti-kickback protections for rebates and instead provide those legal safeguards to point-of-sale consumer discounts—will drive down drug prices. Drug companies have said the same. However, insurers, as one might expect, have disputed that claim.”

“As evidenced by the joint statement, addressing drug prices is of bipartisan interest, and in the Senate Finance Committee’s series of hearings so far, both Democrats and Republicans have been tough on industry players who may have a role in rising costs.”

Read More: https://www.fiercehealthcare.com/payer/pbm-executives-head-to-hill-4-things-to-watch

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Kaiser 2018 Employer Health Benefits Survey

The latest Kaiser Family Foundation Survey of Employer-Sponsored Health Benefits provides a detailed look at trends in employer-sponsored health coverage, including premiums, employee contributions, cost-sharing provisions, offer rates, wellness programs, and employer practices, as well as historical information dating back to 1999.

The 2018 survey included 2,160 interviews with non-federal public and private firms.

Annual premiums for employer-sponsored family health coverage reached $19,616 this year, up 5% from last year, with workers on average paying $5,547 toward the cost of their coverage. The average deductible among covered workers in a plan with a general annual deductible is $1,573 for single coverage. Fifty-six percent of small firms and 98% of large firms offer health benefits to at least some of their workers, with an overall offer rate of 57%.

Survey results are released in several formats, including a full report with downloadable tables on a variety of topics, a summary of findings, and an article published in the journal Health Affairs.

 
 
 
 
 
 

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Risk On Prior to 2020’s black swan (low probability/high impact) event of the COVID-19 outbreak and subsequent shutdown of the economy, your clients had the luxury of being in a position to care less about volatility and risk exposure and only about the end result....