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.