Hidden Opportunities: Surpassing Mere Compliance – Including Reference Based Pricing

2 years ago

The first webinar in Humaculture, Inc.’s Hidden Opportunities, Strategic Compliance Series, which focuses on Surpassing Mere Compliance and includes an example of using Reference Based Pricing.

* Steve Cyboran, ASA, MAAA, FCA, CEBS, actuary and strategy consultant
* Wes Rogers, Humaculturist® and strategy consultant
* Jack Towarnicky, LLM, JD, MBA, CEBS, strategy and compliance consultant

Beyond basic compliance, this series addresses how to strategically leverage the No Surprises Act to create a competitive financial advantage for both the plan sponsor and plan participants. This session focuses on Surpassing Mere Compliance and includes Reference Based Pricing as an example of a strategic response to avoid compliance with many aspects of the No Surprises Act.

During this session, participants will learn:

* The No Surprises Act doesn’t eliminate all “surprises”
* The No Surprises Act is likely to be inflationary
* Mere compliance won’t reign in costs, will increase administration, and may increase litigation risk
* Using Reference Based Pricing as one example of strategic actions you can take to:
-- Avoid what can be avoided
-- Use tax preferences to finance what can’t/shouldn’t be avoided
-- Communicate all negatives as the result of compliance
-- Inform/educate consumers (before they become patients)

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