Blog
The Transparency in Coverage Rule and the No Surprises Act: A Millennial’s Perspective
The Transparency in Coverage Rule and the No Surprises Act, set to take effect on January 1, 2022, will have a momentous impact on employer-sponsored health insurance, in terms of cost, as well as consumer knowledge. These rules will impact millennials, in particular, because they speak to one of the key characteristics of this demographic—the…
Read MoreVincible Ignorance – One of the Problems with ESHI
Employer-sponsored Health Insurance (ESHI) covers just over 55 percent of the U.S. population and accounts for just over a third of the overall health care expenditure for the country. With such significant dollars allotted, expectations for the quality of healthcare and the overall health of individuals would be at the top of every health-related…
Read MoreFive Steps to Increasing Employee Engagement with Transparency in Coverage
With the Transparency in Coverage Rule and No Surprises Act taking effect January 1, 2022, TPAs, ASOs, Insurers and employers of every kind should be focusing not just on meeting the requirements of the Rule and Act and avoiding fines of up to $100 per member per day, but also on increasing employee engagement…
Read MoreHow Nostalgia is Misleading Employee Health Plans
Matthew McCormick, Director, Partner Sales Having spoken with and met hundreds, if not thousands, of employee benefit brokers, I’ve noticed a recurring, fundamental theme runs through our discussions: .. Many within the healthcare space have been led astray by nostalgia. Nostalgia is a beautiful word It brings back fond memories. It evokes a sense of…
Read MoreTrue Market Forces Will Soon Be Unleashed in Healthcare
In a matter of months, our healthcare system and the overall patient experience will change dramatically for the better. And most Americans don’t even realize it. After decades of attempts to transform the healthcare system into a true market—one in which forces like competition between providers based on quality and pricing can bring prices down, it is finally happening. The…
Read MoreWhy Talon?
The business of healthcare and health insurance is mean. If you want to survive in this industry, you have to be scrappy and practice grit on a daily basis. The players within the market can be tough and inflexible. In 2014, we first demonstrated the prototype of MyMedicalShopper, alongside our campy mascot, “Dr. Hoot. Dr.…
Read MoreBuilding a Village: Why Fixing the Broken Healthcare System should also involve Human Resource Outsourcing organizations (HROs) and Professional Employer Organizations (PEOs)
By Amnon Gavish, EVP of Corporate Development & Strategy Due to the COVID-19 crisis, PEOs’ and HROs’ services are expected to expand beyond their traditional customer zones (See Oliver Wyman: The Potential New Normal in Insurance Products). As a result, they may also have an opportunity to play a major role in fixing our broken…
Read MoreDeath by Complacency
By Matthew McCormick, Partnership Executive, MMS Analytics, Inc. As the pandemic known as COVID-19 came to the forefront of our daily lives, my mind, like many of yours, undoubtedly leapt towards “What are the consequences of this virus upon my career?” First and foremost, I am fortunate that, at the publishing of this blog, I…
Read MoreHealthcare Costs for Dummies, by a Dummy
By Doug Horner, Content Marketing Strategist Recently, our EVP of Sales and Sales Strategy explained how his background in consumer electronics has influenced his approach to working in healthcare. I, too, have a background in consumer goods, but less in electronics, and more in beer and cannabis (yes, that kind of cannabis). So, hi. I’ll…
Read MoreDon’t Be Blind to Healthcare Overspending
By David Spear, EVP of Sales and Strategy I’m a bit new to the healthcare industry, though as a consumer I am quite aware how the current dynamics in healthcare drive our behavior in all the wrong ways. As a consumer, I can’t tell you how many times I’ve been told “don’t worry about the…
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