Things to know when evaluating reference-based pricing models for your business

Healthcare costs continue to increase, prompting some employers to adopt strategies to help mitigate the impact. But not many have done so. One of those strategies is implementing a reference-based pricing (RBP) model. While that is a viable solution for some, it is a complicated undertaking that can burden employees with the majority of risk, if not communicated effectively and well-thought-out. Setting up an RBP plan RBP arrangements take the insurance carrier out of the equation. Instead,…
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