Fierce Healthcare May 29, 2024
Imagine360, a self-funded health plan out of Pennsylvania, reduces healthcare costs significantly more than major national carriers, an actuarial analysis by Axene Health Partners found.
The study found that employers saved 19.8% more than comparable commercial health plans in five metro markets: Atlanta, Dallas, Indianapolis, New York City and Tampa.
“There is not another solution in the market that an employer can purchase that comes even close to saving what we save in the first year,” said Chris Cigarran, Imagine360 chief commercial officer, told Fierce Healthcare.
The analysis also revealed 25% to 67% fewer Imagine360 clients exceed stop loss insurance deductibles, ranging from $25,000 to $250,000, because Imagine360’s model leads to a reduction in high dollar claims.
Lead actuary for...
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