If you are a Third Party Administrator (TPA), you are most likely responsible for insurance claims and performing other admin services mainly in employee benefits. Other services provided by a TPA could include processing, negotiation of claims, actuarial consulting,...

It may seem like a secondary option to some employers, especially, when they are mostly concerned with bringing the healthcare costs down. However, it’s two sides of the same coin. In the long run, employee engagement will not only help reduce costs by 20% but will...

I had the opportunity to attend a prestigious healthcare convention organized by a top health insurance company. It was a huge invite-only event for sponsors who got a chance to showcase their offering at their respective booths. There was a fairly large sponsor pool...

The use of data and analytics is becoming increasingly important in understanding cost drivers and implementing mitigating programs to affect them. Price transparency is key understanding those drivers in order to make more effective program and service decisions....

Here’s a scenario for you to ponder. A small manufacturing company’s healthcare costs have been rising at a 19.6% rate per year over the last 5 years. The tragedy is that this employer-owned organization is paying much more per employee on healthcare costs than a...

36,000 employees of Verizon went on a strike mid-April to protest against the company’s policies regarding salary, healthcare benefits, plus job and retirement security. Union leaders have alleged that Verizon made approximately $39 billion in profits but is not...

The world of healthcare is a constantly evolving one, and several unsettling trends have emerged so far in 2016. Healthcare costs are increasing and customers are struggling to figure out why as their wallets are consistently empty. More and more large medical and...