In this webinar we talk about an urgent topic in health care: the rising costs of prescription drugs and their impact on stop-loss insurance. Exploring strategies that will help avoid these costs and help us brace for future sticker shock is a must for brokers and consultants.
Learn how to navigate a future of escalating prescription drug costs while still elevating employee health.
Understanding Risk: How can organizations predict and manage the risk of high-cost prescription drugs? Are there insights, analytics or risk models that can help anticipate future costs?
Clear Contracts: What are some common pitfalls in stop-loss insurance contracts related to prescription drug coverage? How can organizations negotiate ideal terms to protect against unexpected costs?
Keeping Up with New Drugs: How can brokers stay informed about emerging drugs that have the potential to trigger significant stop-loss claims? Are there resources or partnerships available to track trending therapies and their potential impact on healthcare costs?
Different Ways to Pay: Are there alternative financing methods, such as captives or risk pools, that can provide more stability in managing prescription drug costs? What are the advantages and challenges associated with these approaches?
Join our experts as we dive deep into uncovering practical solutions for navigating the twists and turns of prescription drug costs and stop-loss insurance.
Originally aired on May 15, 2024.
Host:
Eric Barker, RPh, Chief Growth Officer, True Rx Health Strategists
Panelists:
Our featured panelist is John Sbrocco, CEO at Virtue Health. As a leading health care strategist and benefit adviser, John has built a reputation based on outcomes. Most notably, John’s clients often point to his ability to implement solutions in a way that’s measurable, repeatable and predictable. These core values along with John’s skill set fueled the growth of his companies, Questige and Achieve Health Alliance. John’s goal is to change the unsustainable way businesses currently approach health care.
Ben Conner, CEO of Conner Insurance, joins us today. After graduating with a degree in finance from Indiana Wesleyan University in 2006, Ben signed on with Conner Insurance as an insurance advisor and was named CEO in 2013. Using his strengths in strategic planning, finance, and communication, Ben has been recognized by BenefitsPro magazine as a finalist for the 2020 Broker of the Year award and in 2019 by Employee Benefit Adviser as a Rising Star in Advising, which are both national awards programs for advisors who are making a difference in the benefits consulting field. Eighty percent of Ben’s clients have experienced flat or reduced healthcare expenses over the last 5-10 years, unheard of in the benefits health care industry.
Also joining us is Nithya Shankar, Vice President of Innovation at True Rx. With over 15 years of experience in the health care industry,. Nithya’s expertise spans across specialty pharmacy, clinical trials, data analysis, and provider and payer relations, enabling her to deliver innovative and affordable solutions for customers and stakeholders. Nithya is motivated by the mission of improving the health and well-being of people and communities through better health care.
