The last few posts have been on the way that self-insured employers purchase healthcare for their employees. Jeff Hogan has deep experience in this space and here he provides some insights on the topic. The biggest issue is that employers don’t own their own data and it isn’t actionable. Further, in the past they’ve relied on the broker as their truth source to help them interpret their problems and to help them procure services. Brokers are paid guns for the insurance companies. They receive commissions based upon the increase in spend and decreases in spend pay them less. They also receive contingent compensation (more revenue) for placing volumes of groups with the specific carrier and for retaining those cases with specific carriers.
The CAA promises to be one of the most, if not the most, impactful pieces of healthcare related Federal legislation in decades. The cloak of secrecy in this space will finally be lifted. Jeff Hogan, Co-Founder of the Moving To Value Alliance, is a national leader advocating for and promoting transparency in cost and quality. If you don't as of yet, follow Jeff on LinkedIn to learn more about how the healthcare ecosystem is transforming. https://www.linkedin.com/in/jeffhogan06
Thanks Steve. Your work with Jeff at the Moving to Value Alliance is just one of the ways that you are both leading the way to better health at lower cost. I hope other stakeholders will join the fight.
The CAA promises to be one of the most, if not the most, impactful pieces of healthcare related Federal legislation in decades. The cloak of secrecy in this space will finally be lifted. Jeff Hogan, Co-Founder of the Moving To Value Alliance, is a national leader advocating for and promoting transparency in cost and quality. If you don't as of yet, follow Jeff on LinkedIn to learn more about how the healthcare ecosystem is transforming. https://www.linkedin.com/in/jeffhogan06
Thanks Steve. Your work with Jeff at the Moving to Value Alliance is just one of the ways that you are both leading the way to better health at lower cost. I hope other stakeholders will join the fight.