Hewitt Coleman & Associates is now offering Reference Based Pricing (RBP) as a highly-effective healthcare cost containment solution.

According to Jim Stoecker, Vice President of Group Health, “Small, mid-sized and large companies will see significant savings even in the first year along with greater freedom of provider choice and increased cost transparency.”

Continued upward trends in healthcare costs have triggered a seemingly endless search for solutions to stop, or at a minimum, slow down these increases.  Despite efforts to control healthcare costs, most employers continue to see this expense as one of the fastest growing line items in their annual budget.  As a result, Hewitt Coleman is giving employers a cost-saving alternative to get their spend back in control.

RBP uses Medicare as a basepoint for pricing. RBP reimburses providers a reasonable fee, calculated as a multiple of Medicare, which is both fair and acceptable to most providers.  By shifting health plans away from the traditional PPO model, RBP creates a pricing model that provides transparency, consistency and predictability for employers looking to find more cost-effective care for their employees.

“We ensure the program’s success by giving employers and employees everything they need to support it.  We train employers and their employees and then partner with the best claim repricers, legal counsel and stop loss carriers in the country. In other words, we do it all.” said Kristy Wilson, Vice President Group Health Operations.

Hewitt Coleman’s RBP plans can be customized to the client’s unique requirements.