Unlocking the Triple-Aim Through Integrated Medical and Pharmacy Services
BLOG Linkedin-in Unlocking the triple-aim through medical and pharmacy integration The healthcare triple aim framework has been around for almost 20 years, but that doesn’t mean it should fall off any healthcare company’s radar. Reduced costs, higher quality, and a better experience are what we all should be seeking to achieve. Unfortunately, progress in these […]
The Oxymoron of Healthcare Costs? The More Money We Pay, the Worse It Gets.
Before joining Imagine360, I spent 30 years working as a broker, observing the evolution of the healthcare industry. Although healthcare innovation typically moves at glacial speed, the recent national focus on healthcare costs and the resulting shifts in public sentiment will permanently change how brokers operate. PWC reports that families will pay more for healthcare […]
Survey Confirms: We Are Facing a Growing Affordability Crisis in Healthcare
Rising healthcare costs aren’t new. It’s one that’s been plaguing American businesses and families for some time. But with the cost of healthcare projected to increase at the highest rate in 13 years, are we finally at a point where we make a change? We all see the many headlines with startling statistics further reiterating […]
Six Important Questions Employers Need to Ask When Evaluating PBM Performance
Jeff Bak PRESIDENT AND CEO The C-suite is taking a closer look at pharmacy benefits managers (PBMs). Healthcare costs continue to increase, and when employers ask their PBM partner about solutions, they are often confronted by an alphabet soup of complex terms including AWPs, rebates, and more. It feels like companies need a translator just […]
A New Yardstick for Brokers Emerges in Light of Recent Health Plan Litigation
Woody Waters CO-FOUNDER AND CHAIRMAN By now you’ve likely heard of two lawsuits alleging breach of fiduciary duties under ERISA. One is from February 2024 and was brought by a plan member against Johnson & Johnson. The other is by Kraft Heinz (acting in its fiduciary capacity) versus Aetna, filed in the summer of 2023. […]
C-Suite Survey on Health Plan Broker Relationships & Cost-Containment Strategies
The results are in Conducted by Imagine360 in collaboration with BenefitsPRO, a survey of executives generated interesting feedback on their relationships with health plan brokers and the cost-containment strategies they bring to the table. The good news? The survey shows a consensus that most brokers have established solid connections with executives in the C-suite. But […]
Why Employers Are Right to Feel “Offended” by Soaring Healthcare Spending
Steve Kelly CO-FOUNDER AND CHAIRMAN Business leaders go through a similar process when setting budgets, selecting vendors, and making strategic hiring decisions to ensure their businesses grow. And, although they can be quite good at scrutinizing decisions like these, they often fail to apply the same due diligence to what is typically their second largest […]
Find Out Why Auto Dealers Are Pumping the Brakes on Traditional Healthcare
As this article in the Philadelphia Inquirer revealed, rising healthcare costs are a challenge for most American businesses, including auto dealers. According to recent data, employer healthcare costs increased by 7.4% in 2023 — and the alarming trend shows no signs of stopping. Like most midsized businesses, auto dealerships are faced with tough decisions about […]
What Employers Should Be Asking Brokers About Alternative Health Plan Solutions
To maintain employee satisfaction, it is essential for company leadership to frequently review benefits and make sure they are offering affordable, logical and diverse options. Here is a list of questions employers might find useful when discussing healthcare with their brokers. 1. Why might an employer decide to self-fund their health plans? The first step […]
Shoppable Health Care Transparency Is Lagging: How Employers Can Cut Costs Now
Imagine360 CEO, Jeff Bak, shared his thoughts with BenefitsPro about how employers can combat an impending jump in health insurance costs in 2023. Effective since Jan. 1, 2021, the Hospital Price Transparency Rule is the federal government’s attempt to make health care pricing more transparent for patients. The goal is to make hospital services “shoppable” […]