By Amnon Gavish, EVP of Corporate Development & Strategy Due to the COVID-19 crisis, PEOs’ and HROs’ services are expected to expand beyond their traditional customer zones (See Oliver Wyman: The Potential New Normal in Insurance Products). As a result, they may also have an opportunity to play a major role in fixing our broken […]
https://mmsanalytics.com/wp-content/uploads/2019/06/MMS_Single_with_Slogan_600.png00Doug Hornerhttps://mmsanalytics.com/wp-content/uploads/2019/06/MMS_Single_with_Slogan_600.pngDoug Horner2020-06-19 18:24:272020-07-24 15:15:05Building a Village: Why Fixing the Broken Healthcare System should also involve Human Resource Outsourcing organizations (HROs) and Professional Employer Organizations (PEOs)
By Matthew McCormick, Partnership Executive, MMS Analytics, Inc. As the pandemic known as COVID-19 came to the forefront of our daily lives, my mind, like many of yours, undoubtedly leapt towards “What are the consequences of this virus upon my career?” First and foremost, I am fortunate that, at the publishing of this blog, I […]
By David Spear, EVP of Sales and Strategy I’m a bit new to the healthcare industry, though as a consumer I am quite aware how the current dynamics in healthcare drive our behavior in all the wrong ways. As a consumer, I can’t tell you how many times I’ve been told “don’t worry about the […]
https://mmsanalytics.com/wp-content/uploads/2019/06/MMS_Single_with_Slogan_600.png00Doug Hornerhttps://mmsanalytics.com/wp-content/uploads/2019/06/MMS_Single_with_Slogan_600.pngDoug Horner2020-05-11 12:19:282020-07-24 15:15:05Don’t Be Blind to Healthcare Overspending
By Shaylin McNally, Director of Customer Success So, your company has just rolled out this great new benefit (MyMedicalShopper!), and you’ve been assigned the role of Employer Champion. You might be thinking, why me? And that’s a great question. The simple answer: probably because we told them to. Not explicitly, of course. But this is […]
By Mark Galvin, Co-Founder/CEO, MMS Analytics, Inc. If I agreed to give you $20,000 if you would agree to roll a pair of dice and give me back the number that came up x $1,150 (somewhere between $2,300 and $13,800), would you want to participate (and be guaranteed to make between $6,200 and $17,700)? If […]
https://mmsanalytics.com/wp-content/uploads/2019/06/MMS_Single_with_Slogan_600.png00Doug Hornerhttps://mmsanalytics.com/wp-content/uploads/2019/06/MMS_Single_with_Slogan_600.pngDoug Horner2020-04-13 14:42:552020-07-24 15:15:05Healthcare deductibles are not like golf—lower actually is NOT better!
By Matthew McCormick, Partnership Executive, MMS Analytics, Inc. According to MetLife’s most recent Employee Benefit Trends Study, “the most important benefits to employees have two things in common: 1) they play a central role in helping them achieve their personal and work-related goals, and 2) they address their main stressors, particularly around personal finances, retirement, […]
https://mmsanalytics.com/wp-content/uploads/2019/06/MMS_Single_with_Slogan_600.png00Doug Hornerhttps://mmsanalytics.com/wp-content/uploads/2019/06/MMS_Single_with_Slogan_600.pngDoug Horner2020-03-27 09:00:002020-07-24 15:15:05Pay Attention! How to Get People to Care About Healthcare at Work
By Christopher Matrumalo, VP of Marketing, MMS Analytics, Inc. I give a lot of presentations—easily hundreds and perhaps even thousands each year for the past several years now. I field a LOT of questions from my audiences. Still today, I find myself amazed at how effective the healthcare industry has remained in perpetuating misconceptions and […]
https://mmsanalytics.com/wp-content/uploads/2019/06/MMS_Single_with_Slogan_600.png00Doug Hornerhttps://mmsanalytics.com/wp-content/uploads/2019/06/MMS_Single_with_Slogan_600.pngDoug Horner2020-03-13 08:00:002020-07-24 15:15:05Why the healthcare industry won’t let me shorten my presentations
Do you know how often I hear the above question from brokers who are looking to provide a price transparency tool to their employer groups? So much so that, like a typical millennial, (Don’t worry I won’t say it, but it starts with OK and rhymes with doomer) I decided to make a meme out […]
https://mmsanalytics.com/wp-content/uploads/2019/06/MMS_Single_with_Slogan_600.png00Matthew McCormickhttps://mmsanalytics.com/wp-content/uploads/2019/06/MMS_Single_with_Slogan_600.pngMatthew McCormick2019-12-03 15:19:132020-07-24 15:15:05But What About the Carrier’s Tools?
According to the 2019 October Department of Labor inflation report, healthcare costs rose 4.3 percent year-over-year, surging to the highest levels in three years. The increasing cost of hospital services and rising drug costs are to blame for this surge, making healthcare costs the fastest growing sector in the economy. If a 4.3 percent increase […]
Have you ever sat down to go through your personal budget and, as you’re scanning through your purchases, thought to yourself, I could have gotten that for less? You add up all those “could-haves”, and you’re left with a sum at the end of the month that you wish could have gone towards new shoes, […]
https://mmsanalytics.com/wp-content/uploads/2019/06/MMS_Single_with_Slogan_600.png00Matthew McCormickhttps://mmsanalytics.com/wp-content/uploads/2019/06/MMS_Single_with_Slogan_600.pngMatthew McCormick2019-11-06 17:30:032020-07-24 15:23:14Totally Wasted: A Story About Market Failure in Healthcare
Hey Mr./Ms. Benefits Broker, I know you don’t have much time, given it is the big, bad Q4, after all. I’ve heard the many variations of “Sorry, I am crushed in the 4th quarter” and the “I’m in the thick of renewal meetings, please be patient.” As this isn’t my first Q4 working in the […]
https://mmsanalytics.com/wp-content/uploads/2019/06/MMS_Single_with_Slogan_600.png00Matthew McCormickhttps://mmsanalytics.com/wp-content/uploads/2019/06/MMS_Single_with_Slogan_600.pngMatthew McCormick2019-10-07 14:52:352020-07-24 15:15:05Mr./Ms. Benefits Broker, Don’t forget how important You are. (Let me remind you)
I’m pretty sure everyone has at least heard of the show Seinfeld. Do we remember the finale of the series? The gang ends up arrested, imprisoned, and go through a trial as a result of a duty to rescue violation that requires bystander to help out in such a situation. To remind you of the […]
Combining a price transparency solution with a high-deductible health plan (HDHP) or a consumer-driven health plan (CDHP), can drive lower employee out-of-pocket (OOP) expenses, reduce overall medical costs, and lower claims costs. To capture these benefits, we recommend that companies implement programs to promote employee engagement to enable maximum savings. While it’s not complicated, shopping […]
Let’s face it, we’re all frustrated by increasing out-of-pocket healthcare expenses. We spend more on premiums, for less coverage, and hope that an unexpected medical claim doesn’t financially ruin us. Pricing in healthcare is not transparent like other markets where consumers can easily determine the price of something before they buy it. It would be […]
https://mmsanalytics.com/wp-content/uploads/2019/06/MMS_Single_with_Slogan_600.png00mmsanalyticshttps://mmsanalytics.com/wp-content/uploads/2019/06/MMS_Single_with_Slogan_600.pngmmsanalytics2019-05-31 15:42:502020-07-24 15:15:06Your employees are wasting $12.49 a day by not shopping for healthcare
A friend of mine owns three wellness centers and employs 80 people. Yesterday, she told me that her health insurance broker made his yearly visit with a renewal policy where the premiums keep going up … and up … and up. In the decade she has been in business, premiums have never gone down. And […]
https://mmsanalytics.com/wp-content/uploads/2019/06/MMS_Single_with_Slogan_600.png00Christopherhttps://mmsanalytics.com/wp-content/uploads/2019/06/MMS_Single_with_Slogan_600.pngChristopher2018-04-03 20:28:232020-07-24 15:34:15I’m as mad as hell and I’m not going to take it anymore!
For no good reason, HDHP has become a dirty four-letter acronym for healthcare consumers. The WebMD article, “Why Your Employees Are Afraid of Your High-Deductible Health Plan (HDHP)—And What You Can Do About It”, by Christine Muldoon, Senior Director of Health Plan Market Strategy, may be from 2013, but it’s even more relevant today, as […]
https://mmsanalytics.com/wp-content/uploads/2019/06/MMS_Single_with_Slogan_600.png00Christopherhttps://mmsanalytics.com/wp-content/uploads/2019/06/MMS_Single_with_Slogan_600.pngChristopher2018-02-05 21:17:422020-07-24 15:37:20Scared of high-deductible health plans (HDHPs)? You shouldn’t be. Here’s why.
In my travels, I ask many community and business leaders if their health insurance plans include a health savings account (HSA). “Yes, I think so” is the most common answer I get, but that is quickly followed by “that’s the thing where we have to predict what our out-of-pocket spending might be for the year […]
https://mmsanalytics.com/wp-content/uploads/2019/06/MMS_Single_with_Slogan_600.png00Christopherhttps://mmsanalytics.com/wp-content/uploads/2019/06/MMS_Single_with_Slogan_600.pngChristopher2017-06-06 15:34:302020-09-18 18:03:47Don’t really know what a health savings account is? Then you’re way overdue to fire your broker!
Currently, the patient isn’t the “customer”; so says Steve Forbes, Editor-In-Chief of Forbes Magazine. Transforming patients into customers also means empowering them to shop for lower-cost healthcare like they already do for other purchases. Sadly, that hasn’t been possible so far—you can’t Google to find the lowest-cost, high-quality provider that’s also nearby for a medical […]
“Driven by the emerging private health exchange sector, health savings accounts may be poised to quadruple their growth over the next six years,” according to a report published by Consumerdriven, LLC and HSA Consulting Services, LLC. “While health savings accounts have experienced a steady growth rate over the past decade, health exchanges, especially private exchanges, […]
https://mmsanalytics.com/wp-content/uploads/2019/06/MMS_Single_with_Slogan_600.png00Christopherhttps://mmsanalytics.com/wp-content/uploads/2019/06/MMS_Single_with_Slogan_600.pngChristopher2016-06-08 20:40:092020-07-24 17:01:28Huge opportunities for HSAs in coming era of private exchanges
Building a Village: Why Fixing the Broken Healthcare System should also involve Human Resource Outsourcing organizations (HROs) and Professional Employer Organizations (PEOs)
/in Blog /by Doug HornerBy Amnon Gavish, EVP of Corporate Development & Strategy Due to the COVID-19 crisis, PEOs’ and HROs’ services are expected to expand beyond their traditional customer zones (See Oliver Wyman: The Potential New Normal in Insurance Products). As a result, they may also have an opportunity to play a major role in fixing our broken […]
Death by Complacency
/in Blog /by Doug HornerBy Matthew McCormick, Partnership Executive, MMS Analytics, Inc. As the pandemic known as COVID-19 came to the forefront of our daily lives, my mind, like many of yours, undoubtedly leapt towards “What are the consequences of this virus upon my career?” First and foremost, I am fortunate that, at the publishing of this blog, I […]
Don’t Be Blind to Healthcare Overspending
/in Blog /by Doug HornerBy David Spear, EVP of Sales and Strategy I’m a bit new to the healthcare industry, though as a consumer I am quite aware how the current dynamics in healthcare drive our behavior in all the wrong ways. As a consumer, I can’t tell you how many times I’ve been told “don’t worry about the […]
Three key characteristics of a successful Employer Champion
/in Blog /by Doug HornerBy Shaylin McNally, Director of Customer Success So, your company has just rolled out this great new benefit (MyMedicalShopper!), and you’ve been assigned the role of Employer Champion. You might be thinking, why me? And that’s a great question. The simple answer: probably because we told them to. Not explicitly, of course. But this is […]
Healthcare deductibles are not like golf—lower actually is NOT better!
/in Blog /by Doug HornerBy Mark Galvin, Co-Founder/CEO, MMS Analytics, Inc. If I agreed to give you $20,000 if you would agree to roll a pair of dice and give me back the number that came up x $1,150 (somewhere between $2,300 and $13,800), would you want to participate (and be guaranteed to make between $6,200 and $17,700)? If […]
Pay Attention! How to Get People to Care About Healthcare at Work
/in Blog /by Doug HornerBy Matthew McCormick, Partnership Executive, MMS Analytics, Inc. According to MetLife’s most recent Employee Benefit Trends Study, “the most important benefits to employees have two things in common: 1) they play a central role in helping them achieve their personal and work-related goals, and 2) they address their main stressors, particularly around personal finances, retirement, […]
Why the healthcare industry won’t let me shorten my presentations
/in Blog /by Doug HornerBy Christopher Matrumalo, VP of Marketing, MMS Analytics, Inc. I give a lot of presentations—easily hundreds and perhaps even thousands each year for the past several years now. I field a LOT of questions from my audiences. Still today, I find myself amazed at how effective the healthcare industry has remained in perpetuating misconceptions and […]
But What About the Carrier’s Tools?
/in Blog /by Matthew McCormickDo you know how often I hear the above question from brokers who are looking to provide a price transparency tool to their employer groups? So much so that, like a typical millennial, (Don’t worry I won’t say it, but it starts with OK and rhymes with doomer) I decided to make a meme out […]
Seven Cost-Saving Solutions That Reduce Healthcare Costs
/in Blog /by mmsanalyticsAccording to the 2019 October Department of Labor inflation report, healthcare costs rose 4.3 percent year-over-year, surging to the highest levels in three years. The increasing cost of hospital services and rising drug costs are to blame for this surge, making healthcare costs the fastest growing sector in the economy. If a 4.3 percent increase […]
Totally Wasted: A Story About Market Failure in Healthcare
/in Blog /by Matthew McCormickHave you ever sat down to go through your personal budget and, as you’re scanning through your purchases, thought to yourself, I could have gotten that for less? You add up all those “could-haves”, and you’re left with a sum at the end of the month that you wish could have gone towards new shoes, […]
Mr./Ms. Benefits Broker, Don’t forget how important You are. (Let me remind you)
/in Blog /by Matthew McCormickHey Mr./Ms. Benefits Broker, I know you don’t have much time, given it is the big, bad Q4, after all. I’ve heard the many variations of “Sorry, I am crushed in the 4th quarter” and the “I’m in the thick of renewal meetings, please be patient.” As this isn’t my first Q4 working in the […]
The Bystander Effect and the Employee Benefits Broker
/in Blog /by Matthew McCormickI’m pretty sure everyone has at least heard of the show Seinfeld. Do we remember the finale of the series? The gang ends up arrested, imprisoned, and go through a trial as a result of a duty to rescue violation that requires bystander to help out in such a situation. To remind you of the […]
Five Steps to Higher Employee Engagement with Healthcare Price Transparency Tools
/in Blog /by mmsanalyticsCombining a price transparency solution with a high-deductible health plan (HDHP) or a consumer-driven health plan (CDHP), can drive lower employee out-of-pocket (OOP) expenses, reduce overall medical costs, and lower claims costs. To capture these benefits, we recommend that companies implement programs to promote employee engagement to enable maximum savings. While it’s not complicated, shopping […]
Your employees are wasting $12.49 a day by not shopping for healthcare
/in Blog /by mmsanalyticsLet’s face it, we’re all frustrated by increasing out-of-pocket healthcare expenses. We spend more on premiums, for less coverage, and hope that an unexpected medical claim doesn’t financially ruin us. Pricing in healthcare is not transparent like other markets where consumers can easily determine the price of something before they buy it. It would be […]
I’m as mad as hell and I’m not going to take it anymore!
/in Blog /by ChristopherA friend of mine owns three wellness centers and employs 80 people. Yesterday, she told me that her health insurance broker made his yearly visit with a renewal policy where the premiums keep going up … and up … and up. In the decade she has been in business, premiums have never gone down. And […]
Scared of high-deductible health plans (HDHPs)? You shouldn’t be. Here’s why.
/in Blog /by ChristopherFor no good reason, HDHP has become a dirty four-letter acronym for healthcare consumers. The WebMD article, “Why Your Employees Are Afraid of Your High-Deductible Health Plan (HDHP)—And What You Can Do About It”, by Christine Muldoon, Senior Director of Health Plan Market Strategy, may be from 2013, but it’s even more relevant today, as […]
Don’t really know what a health savings account is? Then you’re way overdue to fire your broker!
/in Blog /by ChristopherIn my travels, I ask many community and business leaders if their health insurance plans include a health savings account (HSA). “Yes, I think so” is the most common answer I get, but that is quickly followed by “that’s the thing where we have to predict what our out-of-pocket spending might be for the year […]
Steve Forbes Prescribes Price Transparency to Remedy Our Skyrocketing Healthcare Costs
/in Blog /by ChristopherCurrently, the patient isn’t the “customer”; so says Steve Forbes, Editor-In-Chief of Forbes Magazine. Transforming patients into customers also means empowering them to shop for lower-cost healthcare like they already do for other purchases. Sadly, that hasn’t been possible so far—you can’t Google to find the lowest-cost, high-quality provider that’s also nearby for a medical […]
Huge opportunities for HSAs in coming era of private exchanges
/in Blog /by Christopher“Driven by the emerging private health exchange sector, health savings accounts may be poised to quadruple their growth over the next six years,” according to a report published by Consumerdriven, LLC and HSA Consulting Services, LLC. “While health savings accounts have experienced a steady growth rate over the past decade, health exchanges, especially private exchanges, […]