Measuring the Disruption Potential of Private Exchanges in a Value Economy
The Private Exchange Coalition releases “Measuring the Disruption Potential of Private Exchanges in a Value Economy,” a whitepaper detailing the value propositions of private exchanges for employers.
SALT LAKE CITY, UT July 20, 2015 – Leavitt Partners and The Private Exchange Coalition (PEC) today announced the release of a collaborative whitepaper, “Measuring the Disruption Potential of Private Exchanges in a Value Economy”, on the value proposition private exchanges hold within today’s healthcare economy.
Innovative insurance distribution companies strive to help employers in their quest to control health care costs, while simultaneously continuing to attract quality employees. Private Exchanges leverage technology solutions and support employer objectives by:
- Driving administrative efficiencies for employers;
- Facilitating economic decision making and engagement;
- Reconciling today’s e-consumer expectations with the complexities of the employee benefits transaction; and
- Hastening the confluence of market reforms and consumerism, driving competition, and catalyzing industry innovation.
Leavitt Partners and the PEC believe that private exchanges are an economic and service resource that fulfill employer value requirements, while meaningfully engaging consumers, and contributing to the long-term viability of the employer-sponsored insurance market.
“Private exchanges are proving to be a source of tremendous innovation working hand-in-hand with other stakeholders. While they are still finding their footing in the marketplace, we are becoming increasingly persuaded that private exchanges’ capacity to enhance the traditional economic decision making in health plan selection and benefits administration is high.” David Smith, Partner at Leavitt Partners.
This whitepaper examines concrete market examples where private exchanges are executed against these goals and discusses the implications of the developing products and services. To download a copy of this whitepaper, please visit www.pecoalition.com/publications/.
About the Private Exchange Coalition:
The PEC is founded by private exchange companies with the express purposes of increasing literacy relative to private exchanges, establishing a common voice to advocate on behalf of the industry and developing data interoperability standards. To learn more about the PEC, visit www.PECoalition.com.
About Leavitt Partners
Leavitt Partners is a health care intelligence business. The firm delivers collaborative, high-value intelligence that helps clients transition to new models of care. Through its member-based collaboration called Health Intelligence Partners™ and direct services to clients, the consulting firm provides the best available window to the future of American health care. For more information visit www.LeavittPartners.com or call (801) 538-5082.
Empowering the nation’s first state health benefit exchange since 2008, Softheon’s vision and strategic direction address healthcare payer, provider, and government agencies’ goal of meeting Affordable Care Act (ACA) milestones. Softheon provides HIX Integration, Direct Enrollment, Premium Billing, and Edge Server solutions for insurance carriers of all sizes participating in Federal and State Health Insurance Exchange (HIX) Marketplaces. Softheon’s Marketplace Connector Cloud (MC2) has been trusted by health plans in all 50 states as an accelerated federal, state, and private exchange integration platform. Softheon MC2 is a Software-as-a-Service (SaaS) solution where insurers pay a one-time activation and ongoing PMPM fees for exchange members only, while eliminating most, if not all, risks associated with ACA enrollment compliance and other mandates.
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