What do building bears and getting your mind read by a mentalist have in common? The SIIA National Conference of course!
Our team is back from the action-packed week in Phoenix and eager to follow up on all the great conversations we had with SIIA attendees at this year’s event. While the conversations, catch-ups, and certainly the booth experiences were awesome, there were a few takeaways that kept coming up.
“Unsustainability”
Unsustainability came up frequently throughout the conference, whether it was in conversations about increasing costs, specifically around prescriptions, or in sessions like the State of the Employer Stop-Loss Market.
With healthcare increases expected to near double digits1 for employer-sponsored plans, this isn’t something that can be ignored. The cost of inaction is too considerable to stand idly by as plan sponsors, and members, get crushed under these unsustainable cost increases.
How We Address This
The Recuro Prescription Benefit addresses one of the biggest cost drivers for self-funded health plans, prescription medication spend. With new medications and treatments entering the market each year, this is only growing worse. In order to attract, and keep, the best talent, employers need to ensure their employees have access to these medications.
Our solution provides access to 65,000+ pharmacies and members benefit from coverage for the top 200 most commonly prescribed medications. Implementation is seamless as well, as members won’t experience any disruptions in their current medication schedule.
“Vendor Fatigue”
One speaker put it best, “If you have too many vendors, you don’t have any at all.” If it’s too complicated for the employer to understand or want to implement, then chances are the same will trickle down to the member. Utilization is key to savings, and savings are key to client retention. This is true now more than ever as various point solutions continue to enter the market.
How We Address This
The Recuro Complete Care Solution helps ease the vendor fatigue burden by combining our Virtual Primary Care, Virtual Behavioral Health, and Prescription Benefit all into one comprehensive solution. Members don’t have to memorize multiple passwords or familiarize themselves with multiple interfaces. It’s all handled inside our state-of-the-art, member-friendly complete care platform.
This solution allows clients to provide comprehensive coverage to employees without the added stress of another vendor partner. It can also be bundled and added on at any time during the plan year, ensuring implementation is quick and hassle-free.
Looking Ahead
The SIIA National Conference reminded us that while the challenges facing the self-funded industry are significant, so is the opportunity to make a lasting impact.
We’re not just responding to these challenges at Recuro. We’re reimagining how care is delivered, accessed, and experienced. After last week, our commitment to simplifying healthcare, reducing costs, and improving outcomes remains stronger than ever.
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