Wed, Jun 09|
Centers Of Excellence (COE) Concept Revitalized
The Centers Of Excellence (COE) Concept Revitalized Through Reference-Based Pricing: How An In-House, Service Oriented Approach Can Do Far More Than Simply Satisfy Legislative Mandates.
Time & Location
Jun 09, 2021, 10:00 AM – 11:00 AM PDT
About the event
Enabling patients to identify high quality providers at a reasonable price should have been an industry-wide objective long ago, rather than the frenzied scramble we now see as folks struggle to comply with new legislative mandates. However, there is light at the end of the tunnel. Through implementation of a network of interconnected (“in-house”) cost-containment programs that work concurrently to provide the only true path toward achieving a COE program experience, self-insured entities finally have a solution that satisfies patient needs, as well as new legislative requirements.
The high amount of turnover seen in the cost-containment industry is a clear indication that most vendors have structured their models toward profit over service. Through these shortsighted practices, long-term savings are not only unsustainable they ensure that the member and plan experience are increasingly poor over time. This souring effect only serves to further deteriorate the attractiveness and value of self-funding, as well as the opportunity to use reference-based pricing as a vehicle to achieve a truly functional COE platform. There is a better way, and we invite you to join us as we discuss the path toward revitalizing the COE concept through a purposeful “in-house” reference-based pricing model.