Employers using various strategies to contain healthcare costs

Healthcare Finance News October 29, 2024
Jeff Lagasse

Tiered networks, value-based formularies and direct contracting with providers were correlated with lower costs.

While premiums for employer-sponsored health insurance continue to rise each year, employers who have been engaged in novel strategies – such as value-based drug formularies and tiered provider networks based on price and quality – experienced lower-than-average healthcare costs, finds a new survey from the National Alliance of Healthcare Purchaser Coalitions.

The Pulse of the Purchaser study gauged concerns and approaches of employers to address the workforce environment, women’s health, obesity management, mental health, equity, pharmaceutical drug and hospital prices, high-cost claims, fiduciary strategies and potential health reforms.

The study uncovered a number of strategies that were correlated to lower costs. For example, employers who use...

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