Treat your medical costs in the same manner that you would any other business cost
Key Advantages of Reference Based Pricing
- Reference Based Pricing (RBP) sets payments to healthcare providers based on the amount Medicare pays for the same procedure (Medicare Allowable plus 25% to 75%)
- Realize $150,000 average savings per 100 employees in year one
- Employees & dependents have access to online cost and quality transparency tools that offers a healthcare provider shopping experience similar to other online retailers such as Amazon
- Both the healthcare provider and plan members know the reimbursement payment before services are performed eliminating post-service negotiations and protects members from balance billing and collections
- No hospital networks to be concerned with – Employees can go to any hospital of their choice
- (RBP) Reference Based Pricing is compliant with Affordable Care Act rules and regulations
