Reference-based pricing entered the conversation a few years ago as a solution and response to unsustainable healthcare price increases, and the model is still gaining traction among self-funded organizations. It is becoming increasingly popular as employers embrace an alternative solution that will help them cut costs.
There are clear benefits, but implementing a reference-based pricing model takes time, support and a significant amount of employee education. If you’re looking to make this change, here’s how to get reference-based pricing right and implement it for your organization and your employees.
