Tag: employer
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Medicare Benchmarking: Comparing ASCs and HOPDs for Outpatient Procedures
Outpatient surgeries like colonoscopies, cataract removals, and joint repairs are considered elective/shoppable services. The cost for these procedures can vary significantly across providers and settings (independent Ambulatory Surgical Centers (ASCs) or Hospital Outpatient Departments (HOPDs)). For employers and benefits managers, understanding this price variation is not only important but also a valuable cost-saving opportunity. By…
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How Price Transparency Can Empower Employers
The rising cost of healthcare is one of the most pressing challenges facing employers today. A survey released in September 2024 from Mercer found that employers expect costs to go up by 5.8% in 2025, the third straight year with an increase of at least 5%.