Opinion Based List:

8 Keys to Increasing Cost & Quality Consciousness in Consumers

Submitted by PayerFusion on Thu, 11/08/2012 - 17:06

  1. Ensure Consumers have a Vested Interest
  2. Provide Price and Quality Information
  3. Provide Information on Out-of-Pocket Costs & Show Benefit Application
  4. Show Total Costs and Components
  5. Highlight Ways to Save Money
  6. Educate Consumers on Medical Treatment Detail
  7. Engage Consumers to Manage Conditions and Control Costs
  8. Promote Awareness of Decision Support Tools

Notes: Driving consumer engagement with cost and quality information to encourage more affordable medical care decisions requires a proactive effort on the part of healthcare payers. Providing consumers with tools and information that assist in making prudent decisions will also empower consumers in attaining healthcare services and may even boost overall satisfaction with their benefits and outcomes. The following best practices aim to stimulate consumer consciousness of cost and quality when making decisions about their healthcare.

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  1. PayerFusion on Thu, 11/08/2012 - 17:09

    PayerFusion is a Health Plan Administrator and Cost Containment company offering comprehensive solutions for self-funded employers and international payers.  Our health plan administration solutions are customized to meet the needs of our clients and include provider network design/support, policy design, full-service TPA, technology solutions/support and informatics. Contact us for more information and to learn more about our health plan administration services.