Cost Containment Best Practices in an HR Platform for Small Business

July 30, 2020 at 6:00 AM
our HR platform follows cost containment best practices

Businesses across virtually all spaces are always looking to keep costs low wherever possible. This is especially true as startups and established companies alike face unprecedented economic hurdles. When it comes to cost containment, HR platforms for small businesses are no different. Companies need to explore their many options to find the right, cost-effective solution for their unique needs.

However, this can be difficult (and time consuming) as the market for cost containment programs and initiatives grows. Finding the best program is even more difficult; many programs may provide the functions and services you need, but may come with a steep price tag attached. Ashton Benefits relentlessly works to help businesses identify select groups that deliver the savings they need through plug-and-play solutions for self-insured health plans. Here’s how we can help your company succeed with its cost containment measures.

Cost Containment for Healthcare Coverage

Determining how to keep costs low while getting the essential information and services you need through an HR platform for your small business can be hard to come by when sifting through the seemingly countless options out there. Bear in mind, however, that while some platforms offer the insights you need to make informed decisions, not every one gives you clear insights through a single centralized, easy-to-navigate platform.

Having all of your information in one location allows you to seamlessly integrate and navigate the data you need when you need it. Ashton Benefits’ platforms provide tailored benefits you and your employees need, with the information found easily in your platform’s dashboard. We can help you find the right platform for your needs, but rest assured that whichever offering you choose, it will aid your cost containment efforts.

Ease of Use

One of the key features of our platform is its data analytics offerings. The data analytics program aggregates your data and allows you ease of access when you need it. This includes medical and prescription claims, biometrics, clinics, and wellness programs, so you have a wide view and clear understanding of all necessary data.

Our Health Intelligence Platform helps you easily and quickly identify your savings opportunities while giving you the information you need to engage with appropriate parties and—perhaps most importantly—predict and prepare for any future expenditures.

Another key cost containment measure is our direct contracting. This helps connect your plan members with healthcare providers that offer clear, bundled prices so they know what to expect when it comes to services like labs, imaging, and surgery. You can expect to save up to 45% on these services. These savings are passed onto your employees, who can gain care access for $0.

But one of the most important features for your employees is our cancer support program. Your estimated savings are 2-10%, but the benefits it offers your employees are invaluable. A plan member will be immediately paired with a plan participant with a care coordinator to help them navigate the complexities of treatment and care. They will also gain access to the Cancer Centers of Excellence Network, providing them access to clinical trials and oncology experts’ oversight.

Whether your employees need prescriptions as part of their cancer treatment or other conditions, our RX referral program saves you 2-4%. This program helps cost containment as it continually scans claims to determine when a drug’s lower-cost equivalent is available. Once identified, the program reaches out to the member’s physician to give them the cost-saving information for both the plan and the member, and seeks permission to update the prescription. Once the provider approves, they will contact the plan member to let them know that the change has been authorized and give them the opportunity to switch to the lower cost drug.

Trust Ashton Benefits’ HR Platform for Small Businesses

Whether you’re a startup or you’ve been a part of businesses for decades, you know how complicated it can be to find the right benefits, plans, and platforms for your cost containment goals. Ashton Benefits’ platform makes managing your plans easy. Reach out to us today to learn more about how we can help.

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