Chronic disease is no longer just an issue for the elderly—its growing prevalence among working-age Americans is forcing self-insured employers to rethink their cost management strategies. To combat rising healthcare expenses, Jakki L., Director of Cost Containment of Carbon Stop Loss Solutions (formerly Sequoia Reinsurance), emphasizes the need for a multifaceted approach that includes claim payment integrity, preventative care programs and strategic contracting in this month’s issue of The Self Insurer from Self-Insurance Institute of America, Inc. Read the full story here: https://lnkd.in/eD2edw88 ? #strongerbydesign ?#medicalbilling?#paymentintegrity #theselfInsurer #managedcare #employerstoploss #stoploss
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Trusted Advisor in Employee Benefits | Enhancing Workplaces Through Strategic Benefits Solutions | Morris County SHRM Board Member
??41% of adults have debt from health care treatment.? ??1 in 12 adults have unpaid medical bills ??Medical debt is most concentrated among individuals with chronic conditions, such as diabetes, heart disease and cancer. ?? A large portion of those with medical debt have insurance coverage High Deductible Health Plans can't drive consumerism if members don't have access to the data they need to choose high quality and low cost providers. Ensuring price transparency in health care costs is essential to driving down costs for both the employer and the members. #employeebenefits #healthcareconsumerism #medicaldebt ------------------------------------------------------------------------------------ Alera Group is one of the top Employee Benefits Consulting firms in the country. DM me "TRANSPARENCY" for an initial consultation and review of your employee benefits program.
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Head of Business Management | Certified Chief of Staff? | Global Cyber Risk | Strategic Business Operations and Planning | Strategy Design & Execution | Underwriting Performance & Excellence | Exec MBA
Distrust of healthcare organizations rose during the pandemic – and this trend seems to be here to stay. In this short video, Joseph Washington, Underwriting Manager, discusses how hospitals are currently dealing with what is commonly known as social inflation, and how our broad and expert perspective on the current claims landscape can help healthcare organisations mitigate these risks. Learn more about how our Hospital Professional Liability team can help: https://lnkd.in/eDjVSBHC #Beazley #HealthcareInsurance
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THE PROBLEM: Few (if any) employers have the size, resources or focus to address rapidly escalating high-cost claims. Since 2016, the number of health plan members with claims $3M+ has doubled, heightening sustainability concerns. Elimination of annual and lifetime maximums through the Affordable Care Act and the dysfunction of the reinsurance market has made this a top priority for every employer, purchaser and market. It's time to rethink how we mitigate #highcostclaims: https://lnkd.in/eRei66BR
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Distrust of healthcare organizations rose during the pandemic – and this trend seems to be here to stay. In this short video, Joseph Washington, Underwriting Manager, discusses how hospitals are currently dealing with what is commonly known as social inflation, and how our broad and expert perspective on the current claims landscape can help healthcare organisations mitigate these risks. Learn more about how our Hospital Professional Liability team can help: https://ow.ly/wxMP50Sq0C4 #Beazley #HealthcareInsurance
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Watch the video to learn more: https://lnkd.in/eAzSY2m8 Details, paperwork, and deadlines can be overwhelming for individuals dealing with injuries, illness, or hospitalization. Lincoln understands the importance of focusing on recovery. Our enhanced supplemental health claims process empowers employees to prioritize their well-being. #VoluntaryInsurance #SupplementalHealth #AccidentInsurance #CriticalIllnessInsurance #HospitalIndemnityInsurance #EmployeeBenefits
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Distrust of healthcare organizations rose during the pandemic – and this trend seems to be here to stay. In this short video, Joseph Washington, Underwriting Manager, discusses how hospitals are currently dealing with what is commonly known as social inflation, and how our broad and expert perspective on the current claims landscape can help healthcare organisations mitigate these risks. Learn more about how our Hospital Professional Liability team can help: https://lnkd.in/eMYGD7SM #Beazley #HealthcareInsurance
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Health expenses can be unpredictable, but we’re here to ease the burden. ATI’s medical coverage provides support through every stage of care, so you can focus on recovery without the worry of financial strain. #MedicalCoverage #ATIInsurance"
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Stop loss claims can cause significant challenges for businesses, but there's a proactive way to mitigate them.?? Swiss Re Corporate Solutions Accident & Health's innovative new Step-down deductible feature is specifically designed to reward clients and contain stop loss claims - swipe through for the specifics! Contact the team and find out more about our #stoploss solutions that can help your clients drive down their healthcare expenses here ?? https://ow.ly/M3OA50SNaiw #AdvancingCorporateInsuranceTogether
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#ABHIL #AdityaBirlaHealthInsurance #WhyDoYouNeedHealthInsurance #HealthInsuranceIsMostEssentialFinancialProtectionOfYourAndYourFamily #StayHealthy #StayFit #HealthIsWealth Break down your misconceptions because your health claims matter more than you think! For additional information, reach out to us today! #HealthInsuranceFacts #ClaimProcessing #KnowYourPolicy"
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According to researchers and other experts in care delivery, patients are not getting enough help dealing with America's complex healthcare system. Frequent insurance complications, doctor and drug shortages, and a lack of communication all make life harder for people with serious or chronic illnesses. Read more https://ow.ly/vfFW50S99M0 and share your thoughts on these issues. #DoctorShortage #HealthcareIssues
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