Health Benefits Of Saving Money

Words: 1340
Pages: 6
Open Document
Saving Money
Patients and health plans find they save money by using programs that provide the patient and plan with more leverage, an advantage that has long been help by the provider. Doing so can reduce the cost of dialysis by as much as 80 percent.
When self-funded, self-administered groups choose to partner with DialysisPPO, they find they save significant amounts of money. One group opted to do exactly this and saved $6.9 million dollars in the process. The average savings for each patient came in at 75 percent less than the billed costs, and this was for only one group.
Clients of DialysisPPO saved, on average, 78.6 percent per client, which is the equivalent of $50,000 each month. Since the program was introduced in 2006, clients …show more content…
In fact, this type of dialysis decreased significantly between 1995 and 2007. Offering this option will also help to bring costs down, and self-funded health care plans need to take this into consideration and provide members with both alternatives. Back in 2010, it was estimated that Medicare could save $5 billion a year if half of new dialysis patients chose this option. As the number of patients undergoing this type of treatment has increased since then, the savings would be even greater. Self-funded employer plans need to take this into consideration …show more content…
DialysisPPO works with the plan member during the Medicare enrollment process. In addition, the company reprices and manages claims for the member and handles the appeals process, in the event a claim is denied. Health plans and plan members do not have to pay subscription fees or put any money up front to take advantage of the service, allowing all to save in the process.
Dialysis PPO offers creative reimbursement techniques and strategies that many plans overlook. The company offers two benefit instruments that cut dialysis costs by as much as 80 percent, and the savings begin after only three months of treatment, rather than the 33 months required by Medicare. As a result, a company can save $590,000 per year on treatment for each ESRD patient.
Plan members find they benefit when they turn to DialysisPPO. They do so by obtaining better coverage for their medical condition and more security and stability when it comes to their crucial healthcare needs. In addition, a fee schedule that is defined will be set for their dialysis
Show More

Related Documents: Health Benefits Of Saving Money

Emerging Alternative Financial Market G Essay

role of saving and credit is one of the advantages of microfinance. With the poor people, saving money is an important thing to do. Actually, in case of emergency situation such as accident, illness, beside of insurance or social welfare, saving money is still needed for everyone, not only for poor people. But with the existence of the microfinance, saving money becomes easier for poor people. One of the advantages of microfinance that relates to saving money is allow poor people to borrow money. For…

Words 695 - Pages 3

Hrm/531 Unit 2 Health Care

A defined benefit plan is the automatic payments employees receive after they receive once they have worked in an organization. The amount one will receive depends on factors such as the salary the employee used to get and the number of years they worked (Cox, 2013). It is based on the criteria that the longer one works, the higher the amount of money they are going to receive once they retire. The purpose of the benefit plan is to encourage loyalty and to make the employees work in an organization…

Words 995 - Pages 4

Business Math Issues

Issue. Saving at a young age is not realistic. Defend or reject the Business Math Issue. Group B rejects this Business Math Issue. There are ways in which parents can contribute to their children’s savings via interest-bearing savings accounts and benefit them in the long run. In addition, it is fair to say that many people by the age of 21 are close to finishing their college education and have a job that pays a sufficient income. They should be concerned about their companies’ benefits, such…

Words 1586 - Pages 7

Electronic Mental Health Record Essay

Mental Health Record: Understanding the Perils and Suggested Safeguards Information technology (IT), is becoming a very central part of most people’s lives. This is not limited to social media, our work, and for our entertainment at home. It is also becoming a very crucial and time saving tool within the medical field through electronic health records (EHR). Not only is this new and improving form of documentation saving time, but it also is saving hospitals…

Words 542 - Pages 3

Should Bees Grow Persuasive Essay

pollinator bees help plants to grow and produce fruit. The first reason we should take action in saving the bees is because they generate lots of money per year and it is really helpful for the community. Recalled from the text,"The estimated value of global crops that directly rely on pollinators is $235-$577 billion a year. The first thing that this proves is that bees do not only generate a lot of money, but they are also very vital to the environment. The next thing that this proves is that if we…

Words 570 - Pages 3

State Pension should not be Abolish Essay

should not spend all of those money, which is earn from working population, into state pension funds. In addition, based on Australian Bureau of Statistics (2014), the proportion of people aged 65 years and over increased from 11.8% to 14.7% and the proportion of people aged 85 years and over almost doubled from 1.0% of the total population in 1994 to 1.9% in 2014, while the proportion aged under 15 years decreased from 21.6% to 18.8%. Government will spend a lot of money for the elder population while…

Words 2097 - Pages 9

Adjustment Of Healthcare Policies

Healthcare Policies Public health policies include laws, regulations and rules, both formal and informal that impact on social, economic or the physical environment conditions, leading to the adoption of behaviors conducive to health. Medicare has multiple policies. Over the recent past, questions have arisen as to whether some of these policies need changes. Some of the policies include those affecting the eligibility age for Medicare and the means testing of medical care benefits. This paper focuses on…

Words 970 - Pages 4

Essay on Week Four 465

Technology For years health care facilities keep patients records using a paper-based method. Gradually this system of record keeping will be in the past. There are many hospitals that have different information systems, but few of them can communicate with each other. As the health care industry grows physicians, nurses, and other health care members will need to access and share information in a smooth and quick fashion. Electronic medical record system (EMR) lies at the center of the health care industry…

Words 1237 - Pages 5

Business Express Total Rewards

Business Express Total Rewards Health and Welfare Benefits Business Express employees will have the same health and welfare options at all levels to avoid dissension and disengagement amongst the workers. Health and welfare plan will Employees working full-time will be eligible for benefits once they have worked for 60 days. Business Express will not self-insure because it would cost too much. Business Express will pay for health care coverage from Blue Cross Blue Shield and use Cigna’s dental…

Words 277 - Pages 2

Daylight Savings Research Paper

that, and I believe daylight saving time should be abolished. The first reason daylight saving time should be ended is that daylight saving leads to you losing an hour of sleep and that one hour is extremely beneficial to your body. I can support this…

Words 767 - Pages 4