“Plan sponsor is now the insurance company… make sure everyone on the plan sponsor side truly gets that this is what's happening.”
FP
Frank Panaccio
Relentless Health Value ·
Chris Klomp, Collective Medical · Relentless Health Value · Why Avoidable ER Visits Aren't the Real Cost Problem: Revisiting Our 2016 Interview With HHS Nominee Chris Klomp
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stated that emergency department spend is 2-4% of total US healthcare costs in 2016, rising to about 6% for plan sponsors now
2-4%, 6%
“Plan sponsor is now the insurance company… make sure everyone on the plan sponsor side truly gets that this is what's happening.”
“We can actually model different scenarios... what happens if expenses rise faster than expected or when the market's down or if you need a new roof, buy a car or possibly healthcare costs increase”
“Initially a lot of requests were just totals. Now it's about pulling apart accounts and having conversations on the spend.”
“…the plan sponsor owns the data. The plan sponsor must have access to the data… they’ve signed the rights away when they signed the contract.”
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