As self-insured companies attempt to reckon with the current pandemic, rising healthcare costs is on everyone’s mind. Although it’s impossible to tell the future in such unprecedented times, there is a growing consensus that costs will rise and self-insured employers will be laser-focused on new and existing ways to control them.
In the article What health care costs will look like post-COVID-19, Benefits Pro reports that that commercial health insurers could see claims as high as $34 billion to $251 billion, resulting in health care premiums increasing between 4 percent to 40 percent in 2021.
One way Healthcare Horizons is able to help self-insured employers contain rising costs is through an annual comprehensive claims audit. By identifying systemic and one-off errors in a company’s healthcare claims, Healthcare Horizons can help eliminate those unnecessary costs and return the dollars to our clients’ bottom lines. We also help our clients contain costs by negotiating out-of-network provider fees, such as air ambulance.
With the sea of changes coming, we are committed to helping our clients control and contain costs wherever possible.
The Difference is in Knowing.
To learn more about our approach to healthcare claims auditing or out-of-network provider fee negotiation services, visit Healthcare Horizons or reach out to us at hhadmin@healthcarehorizons.com.
Randy King is president of Healthcare Horizons Consulting Group, Inc, The company is one of the nation’s largest healthcare claims auditing firms, focused exclusively on self-insured employers since 1999. Healthcare Horizons has recovered millions of dollars for its clients through auditing and air ambulance negotiations for some of the world’s largest employers.