What is reference based pricing (rbp)?
Reference based pricing is a medical management strategy designed to reduce health care spending by the employer, while also engaging the health care consumer. A plan pays a fixed amount for a certain procedure and contracts with medical providers who agree to accept that fixed amount as full payment. Naturally, plan enrollees are driven to use in-network medical providers.
Is your business struggling with the burden of ever-increasing medical costs?
If your employees are avoiding necessary care because of high deductibles and out-of-pocket costs, now may be the time to explore a reference based pricing (RBP) solution. We like to help a client's bottom line by reducing the increasing cost of health care.