Value-based benefits plans and administration
In most operations, just 20% of employees drive the majority of claims. At Rittenhouse Benefits, value-based plan design—emphasizing both wellness and risk management—can help you reduce claims and improve wellness for the 20% in your organization. Value-based benefits plans can shift the employee healthcare discussion from zero-sum to win-win for you and for your employees.
Our consultants are experts at designing incentive based plan designs that encourage healthier behavior and reduce cost. Click here to learn more about how value-based benefits design works in practice.
Value-based benefits and insurance design can help control your healthcare costs
Value-Based Benefit Design (VBBD) strategies are about much more than tweaking copays or other financial incentives. For too long, organizations such as yours have been locked into zero sum thinking.
Moving from reactive tactics to strategic control of your benefits cost
If your tactics have been seeking more and more mechanisms to shift a greater share of health care costs to your employees, it’s time to think about strategy. Value-based benefits is a strategy that can shift the focus to win-win for your organization and your employees.
Value-based benefit design (or value-based insurance design) develops programs and strategies that reduce the cost of insurance by encouraging cost effective care and better delivery of services.
Case study – Pitney Bowes
The Pitney Bowes pharmacy management program dramatically reduced the cost for certain highly used and highly effective drugs. The Pitney Bowes program also reduced overall pharmacy and medical costs over time. Ultimately, the value-based approach shifts the focus to win-win for your organization and your employees.
How the experts at Rittenhouse Benefits help
At Rittenhouse Benefits, you can expect our expert consultants to work with you in evaluating and implementing the programs that make the most sense for your employees and environment. Programs might include:
- Telemedicine programs
- Health risk management
- Wellness programs
- Medical price transparency
- Patient advocacy
Case study – controlling diabetes related costs
An example of one of our wellness programs is targeted at improving the health and controlling the health care costs of diabetes. For many companies, diabetics are the single most expensive group of employees. Our diabetes management system has a glucometer that is telephonically linked to a coaching center. Click here to read more about controlling diabetes related costs.
Measurable benefits from value-based benefits administration
By implementing the Value Based Plan Design that makes sense for your organization, you can expect to reduce emergency room and urgent care center claims. You can expect to keep people on the job instead of taking time off to go to the doctor. You can keep parents on the job by reducing the need to take children to the doctor. Click here to read more about bending the cost curve.