Things To Know When Evaluating Reference-Based Pricing Models for Your Business

Healthcare costs continue to increase, prompting some employers to adopt strategies to help mitigate the impact. But not many have done so. One of those strategies is implementing a reference-based pricing (RBP) model, where the employer self-funds their own benefits plan with the help of a broker, and negotiates an arrangement for the amount that they are willing to pay for each particular service.

While an RBP is a viable solution for some, it is a complicated undertaking that can burden employees with the majority of risk, if not communicated effectively and well-thought-out. Read more about these types of arrangements from Parker, Smith & Feek Vice President Mary Campbell in the Portland Business Journal.

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