Employee health benefit costs are expected to rise 5.4% on average this year. In turn, employers and brokers are bracing for the impact by seeking innovative solutions to offset rising costs. Unfortunately, not all cost containment solutions offer a member-centric experience, leading to an increase in member noise that payers, brokers, and employers work so hard to minimize.

Reference-based pricing (RBP) is one strategy often used to address rising healthcare costs. Research shows that RBP clients can save up to 28% more than a traditional network plan and realize roughly 73% of savings on individual healthcare claims. But, there are many misconceptions in the industry about how it works, what the true benefits are, and how members will be impacted by balance billing.

This data-rich eBook explores the benefits of reference-based pricing and how a member-centric solution focused on advocacy and transparency impacts program success.

Download to uncover:

• Common misconceptions about RBP and what the true benefits are
• Why supporting members with plan education, advocacy, and transparency is key to success
• How one employer group reached 67% claim savings with a 0% balance bill rate