INSIGHTS
INDUSTRY REPORTS
FROM 3rd PARTIES
A collection of insights and reports from 3rd party entities that help illustrate whats going on in healthcare further illustrating how we plug in to help business leaders.
WASTE IN HEALTHCARE
According to this study by PriceWaterhouseCoopers, the United States Healthcare System has 1.2 trillion dollars in wasteful spending. The waste accounts for more than half of the total healthcare spending.
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PHARMACY SPEND INCREASES
Pharmacy Spend accounts for 22% of the average healthcare plan. This guide was put together by the doctors at Johns Hopkins to help employers understand and make sense of this incredibly opaque marketplace.
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EMPLOYEE COMPENSATION
Every year, for most employer groups, the employees get a hidden pay cut. Health plan increases shrink the available funds that might have otherwise gone to increased compensation. This working study produced by Rand highlights the effects of hospital mergers on your wages, plan design and profits.
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HOSPITAL COST DATA
Hospitals are now required to post cost data for all services provided at the hospital. What does that mean for your healthcare plan? If you run a business, you certainly understand the “Cost of Goods Sold” line item. What might be just as important to your bottom line, is the “Cost of Claims Paid.”
Remember, if you run a health plan, you are the consumer and it is crucial that you plan if set up to take advantage of the free market that is being created by this new transparency.
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