Chronic diseases—such as diabetes, end-stage renal disease, and musculoskeletal disorders— can be a major cost driver for health plans. By enrolling members in the right disease management programs, a plan can significantly reduce costs. There are a variety of companies offering a wide range of disease management solutions, which are typically tailored to a specific chronic disease.
Frequency: Low-medium (depending on the number of members with chronic diseases)
Impact to quality: High
Impact to cost: High
In the final installment of our recurring series on healthcare arbitrage, we round up a few other tactics which don't require as much ongoing involvement, but which can still provide important savings opportunities.
In the latest installment of our recurring series on healthcare arbitrage, we break down how plans can use disease management programs to reduce costs associated with chronic diseases.