aequum Collaborates with SIIA to Present Webinar: Reference Based Pricing -- Most Appropriate Plan Design Response to Recent Legislation

CLEVELAND--(BUSINESS WIRE)--aequum LLC, acting on behalf of 325 self-insured health plans and their participants, announces its webinar developed through collaboration with the Self-Insurance Institute of America (SIIA): Reference Based Pricing – Optimized, A Strategic Response to the No Surprises Act, Transparency Requirements will take place on Tuesday, September 20 at 1:00 p.m. ET. Presented by Christine Cooper and Jack Towarnicky, this complimentary webinar will confirm why reference-based pricing (RBP), “done right”, is the most appropriate plan design response to recent legislation – the Consolidated Appropriations Act and No Surprises Act.

“Employer sponsors should take strategic action to ensure their plans incorporate the most effective strategies available for the ‘health and wealth’ of their participants,” says Cooper. “A quality health plan provides easy, direct access and understanding of pricing, benefits and out-of-pocket expense information so plan participants can make informed and cost-effective decisions.”

RBP is one of the fastest growing solutions in health benefits cost management. It brings stability to health care prices and point of purchase cost sharing by using Medicare reimbursement rates and other provider cost data to provide an objective cost baseline. This offers disciplined pricing - fair and rational reimbursement for providers.

“Adopting a ‘pure’ RBP plan design helps to avoid unreasonable or excessive provider charges,” says Towarnicky. “Given the variation of provider charges for the same services, a pure RBP design offers an opportunity to avoid excessive and unreasonable provider fees and charges - to reduce eligible expenses which will lower participant out-of-pocket costs, and lower the cost of coverage, today and in the future.”

There is no cost to attend the webinar for SIIA members or non-members. Advanced registration required, which can be accessed here.

About aequum, LLC

Founded in 2020, aequum LLC serves third-party administrators, medical cost management companies, stop-loss carriers, employer-sponsored health plans and brokers nationwide to protect plan participants, improve employee satisfaction with their health care plans, and generate plan and participant cost savings. aequum LLC helps patients defend medical balance bills and brings savings to employer-sponsored health plans by providing administrative and other services to its partners. In addition, its sister organization, Koehler Fitzgerald LLC, provides legal advocacy to plan participants. Visit aequumhealth.com.