As a small business owner, you know there's never room for excess expenditures, especially when it comes to your healthcare benefits. Try as you might to keep your benefits budget down, however, your ultimate spend is often out of your hands, eventually determined instead by your employees. This lack of agency can leave small business owners feeling helpless when it comes to trimming back their healthcare budgets.
For payers, a relatively minute percent of patients often account for a vast majority of healthcare expenses. Faced with such an imbalance, managing the expenses of these populations can go a long way toward reducing your overall spending. While this process can no doubt be a challenge, there are several strategies that might help you better engage with your high-cost patients as you strive to reduce their cost of care while simultaneously improving its quality.
“Beam me up, Scotty."
In the original "Star Trek" series, the Starship Enterprise's chief engineer beams his captain out of trouble and back to safety countless times. The ship scans Captain Kirk, disintegrates him and rebuilds him from the ground up onboard the Enterprise in a matter of moments.
While the mystical "beam" is purely science fiction, modern 3D printing mimics this process, albeit with far simpler items, turning digital files into tangible objects in mere minutes.
Using an innovative, coordinated care model, KelseyCare is able to provide exceptionally high-quality healthcare to subscribers, with up to 30 percent comparative cost savings for employers. In fact, the plan has regularly been acknowledged as the most cost-effective in the Greater Houston market by an independent, third-party benchmarking study.
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The Kelsey-Seybold DifferenceLower Costs on Group Health Insurance, Big Benefits for Small Business
At Kelsey-Seybold, we understand different businesses have different needs. We deliver long-term health benefits solutions for Houston employers through several leading partners. Our health plans offer as its core provider network and accountable care partner – the nation’s first NCQA-accredited Accountable Care Organization, Kelsey-Seybold Clinic.