succeeding in a world of private exchanges - infographic
DESCRIPTION
The implementation of the Affordable Care Act and growing focus on the individual market are creating an increasingly consumer-centric and competitive healthcare environment. To achieve success in this environment, health plans participating on private exchanges or creating their own single-carrier exchange, must differentiate themselves. Doing so with tools that empower consumers to make value-based purchasing decisions – both pre- and post-plan selection – supports member acquisition and retention, and provides a non-plan design-driven way to optimize utilization and manage medical loss ratio (MLR). Learn more in the latest info graphic from Change Healthcare. For even more, search for the accompanying white paper.TRANSCRIPT
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40 MAmericans
1 in 4 employers
tools to project healthcare expenses5
Succeeding in the World of Private Exchanges
tools that raise awareness of personal health status and related health risks4
is considering moving to a private exchange in the next 3 to 5 years1
CHANGE HEALTHCARE DELIVERSCLAIMS-VERIFIED SAVINGS™ RESULTS
For health plans, this bene�ts delivery model demands a new level of competitiveness-and all eyes are on the all-powerful consumer
September 2014
• deductible
• co-pay
• coinsurance
• out-of-pocket maximum
will purchase employer health bene�ts through a private health insurance exchange by 20182
pro�cient level of health literacy
CONSUMER NEEDS
CONSUMER WANTS
understand common health bene�ts concepts3
87%
66% of population
55% of population6
56%
Saved Using Cost Lookup
$566
$453
Saved Using Ways to Save® Alerts
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1 “National Survey of Employer-Sponsored Health Plans,” Mercer, March 2014
2 “Are You Ready? Private Health Insurance Exchanges are Looming,” Accenture, 2014
3 George Loewenstein, Journal of Health Economics, September 2013
4 “Private Health Insurance Exchange Survival Guide,” Accenture, 2013
5 “Consumer Health Mindset Study,” Aon Hewitt/National Business Group on Health /Futures Company, February 2014
6 “Proactive Engagement Drives Claims-Veri�ed Savings,” Change Healthcare, 2013
© 2007-2014 Change Healthcare Corporation
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