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Report: Group Health Plan Cost Inflation to Pick Up Steam

InterWest Insurance Services

in 2024, as inflation starts hitting the cost of delivering care as well as pharmaceuticals. New technologies — New technologies that hospitals use are also increasing in cost, as is the cost of servicing and installing the equipment. However, some pharmaceuticals cost much more. The cost hike is almost double the 4.5%

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Cardinal Health

HR Lineup

Cardinal Health is a healthcare services and products company that provides medical and surgical products, pharmaceuticals, and services to hospitals, health systems, pharmacies, ambulatory surgery centers, clinical laboratories, and physician offices worldwide. The company operates through two segments: Medical and Pharmaceutical.

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New Approaches to Managing Health Care Costs, Improving Outcomes

InterWest Insurance Services

These plans will centralize employees’ health care with an integrated provider network or hospital group that focuses on coordinated care, which can reduce overall costs and improve the quality of care. Getting a handle on drug spending Pharmacy benefit costs are the fastest-growing part of health care costs, up an estimated 8.4%

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Insurers Make Changes to Prior Approvals Ahead of Rulemaking

InterWest Insurance Services

Waiting for prior authorizations for care, pharmaceuticals or medical devices can lead to delays in care and increased risk of hospitalization from those delays. The proposed rule The rule is aimed at tackling one of the biggest headaches for patients and practitioners alike.

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Domestic and General appoints chief people officer

Employee Benefits

Capitanio has more than two decades of experience across sectors including pharmaceuticals, telecommunications, hospitality and mining. Capitanio, who also joined the leadership team, took over from Jenny Hillyer, who held the position of interim chief people officer.

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Wellness Programs Grow in Wake of Pandemic

InterWest Insurance Services

While the latter covers their medical and pharmaceutical needs, these programs can help them maintain healthy lifestyles, and can also help them better deal with stressors in their lives. Had an average of 35% fewer emergency room visits and 30% fewer hospital admissions than low-engaged members.

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New Insulin Price Cap Could End Up Saving Payers Money in the Long Run

HR Digest

However, some of those costs may be offset by increased medication adherence and reduced hospitalization rates, which would end up saving payers money in the long run. Some pharmaceutical companies said they fear government-set drug prices will ultimately reduce patients’ access to new therapies. Their health plans save money.