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Referenced-Based Pricing Is Being Redefined

IN THE NEWS

REFERENCE-BASED PRICING IS BEING REDEFINED

Kenneth B. Berry, consultant to HMC HealthWorks, explains how in healthcare, reference-based pricing (RBP) primarily is thought of as a tool to help engage health plan participants in their purchasing decisions.

Berry’s article, “Reference-Based Pricing Is Being Redefined”, appeared in Benefits Magazine, the trade publication available to members of the International Association of Employee Benefits Plans (www.ifebp.org).

Plan sponsors may be able to cut spending substantially with RBP. HMC HealthWorks is committed toward helping participants pay less for the same procedures, ultimately reducing costs for all while receiving quality care.

Learn more about referenced-based pricing and how it could help you: Reference-Based Pricing Is Being Redefined


Reproduced with permission from Benefits Magazine, Volume 52 Number 10, pages 26-31, October, 2015, published by the International Foundation of Employee Benefit Plans (www.ifebp.org), Brookfield, Wisconsin. All rights reserved. Statements or opinions expressed in this article are those of the author and do not necessarily represent the views or positions of the International Foundation, its officers, directors or staff. No further transmission or electronic distribution of this material is permitted. Subscriptions are available for purchase by contacting us at 888-334-3327, option 4 or www.ifebp.org/subscriptions.

Christy Heady

Director of Public Relations

cheady@hmcebs.com

(561) 275-8398

Choosing a PBM: Is Your Plan Asking the Right Questions?”

IN THE NEWS

CHOOSING A PBM: IS YOUR PLAN ASKING THE RIGHT QUESTIONS?

March 2017

The approach to select a pharmacy benefit manager (PBM) by issuing a request for proposal (RFP) may fall short of the goal of saving money. An RFP does not really tell employers which PBM can provide them with the lowest prescription drug cost, writes Kenneth B. Berry, consultant to HMC HealthWorks.

In Berry’s article, “Choosing a PBM: Is Your Plan Asking the Right Questions?”, which appeared in Benefits Magazine, the trade publication available to members of the International Association of Employee Benefits Plans (www.ifebp.org), much is to be considered.
Plan sponsors could experience an increase in total spending on drugs.

Learn more how that might be by clicking the link here: Choosing a PBM: Is Your Plan Asking the Right Questions?


Reproduced with permission from Benefits Magazine, Volume 54 Number 3, pages 28-33, March, 2017, published by the International Foundation of Employee Benefit Plans (www.ifebp.org), Brookfield, Wisconsin. All rights reserved. Statements or opinions expressed in this article are those of the author and do not necessarily represent the views or positions of the International Foundation, its officers, directors or staff. No further transmission or electronic distribution of this material is permitted. Subscriptions are available for purchase by contacting us at 888-334-3327, option 4 or www.ifebp.org/subscriptions.

MEDIA CONTACT

Director of Public Relations

cheady@hmcebs.com

(561) 275-8398

HMC Healthworks Enters the Broker & Commercial Markets with HMC movere, Move Into Wellness

JUPITER, FL – HMC HealthWorks announces their nationwide release of HMC movere, a cost-neutral, comprehensive and customized wellness solution. From onsite to online, HMC movere creates dynamic health challenges and campaigns, which engage employees to drive meaningful change. Dr. Janis DiMonaco, President and CEO of HMC HealthWorks says, “We created and designed this program specifically for brokers and employers to mitigate their healthcare costs and incorporate meaningful behavior change across their populations. With the Affordable Care Act proposing to increase the maximum permissible reward under a health-contingent wellness program, it is even more important to implement a program that Moves into Wellness,” Dr. DiMonaco says and what better way to do it than with HMC movere.

HMC movere Program Components

HMC movere begins with preventive screenings to detect employee’s risks at the earliest possible stage. Based on the employee’s results, a plan of action is developed with personalized one-on-one coaching along with interactive tools, activities and challenges to better educate the employee to successfully reach their personal goals and improve their overall health status. HMC movere, utilizes a cost neutral program within the Federal Regulations. “The Total Solution of the HMC movere program allows for an ROI in the cost savings within the program while improving the bottom line in claims, workers compensation and the soft costs through the improved health of the individual. Each program for each company will be customized to the needs and wants of that company,” says Judi Harrison, VP of Business Development at HMC movere a division of HMC HealthWorks.