Manage health benefits costs with a multipronged approach
For business owners, it may seem impossible to control health care benefits costs. The trick is taking a multipronged approach. For example, don’t rely on vendor-provided communications: Actively interact with employees. Use metrics to analyze benefits utilization and identify utilization gaps where you may be losing money. Engage an outside expert to conduct an ROI study of your plan. Also, audit claims payments and pharmacy services to catch mistakes and even fraud. Last, renegotiate pharmacy benefits contracts to get a better deal. Let us know how we can help.