Insurance

• One effective approach is to assist your members in navigating the healthcare system. When care is needed, many patients are unsure where to seek treatment and often end up choosing the most expensive options, which can yield the poorest outcomes. We can simplify this process by guiding members to the right care, at the right, time, and cost.

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• Evaluate the vendors you choose and their incentives to helping you control costs. Are they padding their pocket books or helping you control costs and improve outcome?

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• Documenting the process in which you select vendors. As a fiduciary, it is no longer a process of using spreadsheets to determine who your vendors should be. You will need to document how and why you came to those decisions and the financial impact those decisions bring - including your agent/broker.

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• Evaluate the means to how you are paying for benefits. Understanding fully insured vs. self funding and documenting how it impacts your bottom line will be a requirement.