Reference Based Pricing
Reference Based Pricing plans paired with a Self-Funded Healthcare plan can offer innovative plan designs so employers & employees can mitigate healthcare costs. Reference-based pricing reimburses providers based on a multiple of Medicare. This strategy all but eliminates the traditional network driving savings by avoiding network contracts.
Due to the increased employee & employer education necessary with these plans, successful implementation requires an increased level of planning. When implementing a reference-based pricing plan, choosing and experienced vendor is important along with an experienced broker who can guide you and your company properly.