With healthcare costs continuing to rise, many employers are searching for ways to lower both their and their employee's monthly premium rates. Contracting directly with medical providers instead of partnering with a healthcare plan administrator could provide the savings that you are looking for.
Here are three ways that direct contracting with healthcare providers can benefit your company in the future.
1. You can partner with other small companies to access competitive rates.
More and more companies are beginning to see the value of negotiating healthcare contracts directly with providers. According to a survey conducted in 2014, 11% of companies were involved in some form of direct contract arrangement with healthcare providers, and an additional 28% of companies surveyed indicated they intended to start utilizing managed care contracting for their healthcare needs within three to five years.
These statistics show that there are more companies hoping to reduce their healthcare costs through direct contracts, and you can partner with other small businesses to maximize your bargaining potential when it comes to affordable healthcare for you and your employees in the future.
2. You get more access to outcome data.
If you are concerned with outcome data from hospital stays or major surgeries, then managed care contracting could be beneficial for you. It can be difficult to work with a healthcare plan administrator to access data concerning the initial diagnoses that led to an employee's hospital stay or surgery. When you have this information, you are able to identify patterns that may need to be addressed.
If a large portion of your employees are receiving similar diagnoses, environmental conditions within your business could be contributing to these illnesses. Access to outcome data allows you to make your workplace as safe as possible, which can reduce medical expenses for both you and your employees.
3. You have more control over the quality of care you and your employees receive.
Direct care contracts give you the ability to negotiate directly with the physicians and hospitals that you feel provide the highest quality care rather than being limited by the physicians and hospitals included in generic plans offered by healthcare plan administrators.
When you negotiate directly with providers for healthcare services, you are able to customize your network to best suit the needs of you and your employees in the future.
Direct care contracting can benefit your business by allowing you to partner with other small companies to maximize negotiation abilities, identify potential workplace environmental factors contributing to employee illness and injury, and customize your care network to best suit your needs. Contact a business, such as HEALTHCENTS, for more information.