Are you ready for the LOCAL approach?
What is LOCAL?
A key tenant of being a Health Rosetta advisor is implementing the LOCAL approach with our clients. The approach is relatively straightforward and full of common sense. The approach is a sustainable approach to reducing costs while having minimal impact on employees!
So what is LOCAL?
L- Learn how to be liberated from the Status Quo!
Why?
5-20% increases are not “normal” and any increase needs to be justified!
How?
Data is the start. We leverage data to ensure increases are justified. If it isn’t, it gives us a point to hold our partners accountable. Conversely, if it is justified, it gives us insight into how we can improve in the coming years!
O- Optimize Health Plan infrastructure
Why?
Eye-watering deductibles and skyrocketing premiums don’t help employees.
How?
We utilize feedback from employees, best practices, and better sourcing to help reduce deductibles and premium expenses.
C- Carve out Pharmacy Benefits Manager (PBM)
Why?
Many PBMs are publicly traded and focused on PROFITS, not PEOPLE
How?
We found the right PBM partner for your group! That means they are sourcing medications for your group as cost-effectively as possible.
A- Add Value-Based Primary Care
Why?
We want to break down barriers to receiving care.
How?
Primary care helps enhance outcomes for your employees while ensuring cost-effective appropriate treatment.
L- Leave behind value-extracting networks
Why?
The average PPO discount is established off of something that has been marketed up sometimes as much as 5000%!
How?
We seek high-quality outlets for your people to seek services and negotiate direct contracts off the REAL cost of care… meaning saving you money!
Do you find anything that stands out to you?
The simple version is the LOCAL approach helps us establish a multi-year plan to help optimize YOUR plan. The only question that remains….are you going to use the LOCAL approach this year?
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