I was checking out this article in Vox Magazine, its about a family who was charged $25,000 for an MRI from her local hospital in California, where comparable procedures cost just over a thousand dollars. The article goes on to address the cost for the same procedure in other countries where patients would pay about 75% less. It should be immediately obvious how important healthcare cost comparison is.
I’m going to go ahead and apologize straight out of the gates. I’m sorry, but this article is going to be more salesy than what I normally write. Not because I’m desperately trying to sell you something and get you to buy my shiny toy, but because the subject matter deals very closely with what we do. But it’s an important topic. It’s healthcare management.(more…)
As a society we’ve become pretty comfortable with the notion of comparing costs for things that we’re going to buy. When is the last time that you bought a car, or even a book without shopping around on google? Probably almost never. Well healthcare should be no different. Comparing healthcare costs is a must. We have a number of articles (here and here) talking about why you should care about your healthcare cost and how to reduce it. But let’s use this article to narrow in on some cost comparison websites. I want you to be able really put this stuff into action.(more…)
Here at Trig we talk a lot about health literacy. We talk about how your employees (and just general) populations are not health literate and how important it is to our financial and personal wellbeing to improve on that. But what do we mean by healthcare literacy? And, what are some everyday examples of improving our literacy? We’ve got some answers for you, because in order to improve our collective literacy, we need to understand what it actually looks like. Some of the examples are so glaringly obvious that you may not have considered them to be practical issues.
As we’ve looked at in the past, a lot of companies have transitioned to a high deductible health plan. We know that it’s a smart move if you want improve employee healthcare and help to keep costs sustainable. But is it enough to let them figure it out for themselves? Is it enough to hand them the keys to your multi-million dollar plan and expect for them to arrive safely every time? You know where I’m going with this one – no, it’s not.(more…)
Why health literacy and brokers?
When it comes to health literacy and brokers, its something that we strongly believe in. And we believe that they can support health literacy. We here at Trig like to think that we understand brokers. You see, way back in 1987 we started out as a health insurance brokerage. Once upon a time before the world of Obamacare and “health-tech”, we were working with our clients in a number of capacities. Not only normal broker stuff (renewals, shopping out your benefits etc.), but we also developed our own proprietary benefits administration products. Things like enrollment and HRA administration, things that now seem standard but were quite revolutionary at the time.(more…)
As we often discuss in this article series, the notion of healthcare education and outreach is very important to us and to our clients. We firmly believe that it is key to making an impact in your claims cost, and in getting an overall positive experience out of your care. But can we really expect to see an impact? You can. By targeting individual programs that solve specific issues that a company may be facing, and promoting the heck out of it, you can seriously make an impact. You see, people traditionally haven’t been in the driver’s seat of the claim management role. Until now. You can teach people how to ask the right questions at the right time, educate them on the process and give them your most effective tools and solutions.(more…)
Health Literacy. It’s an oft discussed topic and its one that we mention pretty much all the time. Health literacy has been linked directly with patients care outcomes, and, unsurprisingly, poor health literacy translates to poor treatment outcomes. With the mass shift in health plans towards high deductible plans, there’s a lot of pressure on the consumer to pay attention to what they’re doing. And key to this strategy is understanding how to be successful in a “consumerist” environment. Simply put, without understanding how to use the care system (and identify simple terms like deductible and copay), it becomes hard to get cost effective healthcare
With all this talk about high deductible health plans and increased consumerism in healthcare, we are often left wondering if it all really works. Can we really do something about the rising care costs? Can we really expect people to shop for healthcare like they shop for cars and other consumer goods?
If you’re a follower of our stuff, you may have noticed that we talk about “convenience care” quite a lot. Its something that we believe in and can get pretty fired up about (don’t judge, some people like celebrities, some people like health-tech startups). Its occurred to me that we should really do an article that focuses more squarely on convenience care and why you should care about it. But before we get to that, lets just look at providing a definition of convenience care so that we can get on the same page.