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Employers Battling Rising Healthcare Costs Seek Innovative Cost Saving Solutions

Battling Rising Healthcare Costs

Employer healthcare costs are projected to rise by 6.5% in 2023[1]. Employers and brokers are increasingly interested in finding innovative solutions to save on the cost of healthcare.

In a July 2022 survey conducted by The Occunet Company, 90% of employers indicated they would be interested in adopting a reference-based pricing health plan option for 25-30% savings. The survey was conducted across 217 employers with 100-5,000+ U.S.-based employees with employer-sponsored private health insurance.

Tom Martel, Chief Growth Officer of HealthComp was recently featured on The Occunet Company’s news page on the subject of reference-based pricing:

“HealthComp has been dedicated to transforming benefits administration by bringing expert medical cost management solutions that integrate seamlessly with any benefits ecosystem. Reference-based pricing is a leading solution that is both flexible and data-driven in supporting the shifting needs of employers.”

To read more about the survey results click here
To read more about HealthComp’s reference-based pricing options click here

[1] Reference: https://www.fiercehealthcare.com/payers/employer-health-costs-set-rise-65-2023-aon

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