healthcare 3.0

On the Path to Fixing Healthcare Part 2 - Eliminating Rx Waste

This post is Part 2 in our series on Fixing Healthcare: Eliminating Rx Waste. Part 1 discussed Direct Contracting and can be read here. What if your business’s employee health plan was covering a drug that cost $350 when there was a comparable alternative that would cost you $13?

From Startup to Standout: Simpara's Founder Honored as a Broker of the Year Finalist

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 Our founder and president, Adam Berkowitz, was recently announced as one of five finalists for the BenefitsPro Broker of the Year title.

BenefitsPro, a trusted source for employee benefits news, trends and sales tips, selects five finalists for the award each year. Finalists get selected for standing out from the crowd, helping to shape the industry and providing extraordinary client service. This year’s finalists have a passion for progress and an aptitude for navigating change that sets them apart as industry leaders. It’s a group Simpara is honored to be included in.

It’s not only incredibly humbling but just a wonderful group of advisors to be named alongside. We’ve worked hard from the outset to provide a fantastic experience for our clients, employees, and their family members. This is further validation that Simpara and our team are making great strides in providing sustainable and affordable healthcare.

Adam’s feature in the May issue of BenefitsPro speaks to his journey from startup to standout, highlighting his ability to reshape an industry and deliver incredible results for his clients. Congratulations to all of the finalists including our own - well done Adam!

Leading the Way

Health care's runaway costs required that we re-build the benefit brokerage model from the ground up to support transformation in an entrenched industry. We’re pushing back on 50 years of hyper-inflating costs which have created immense collateral damage across society: healthcare consumes 30-40% of state budgets, #1 cause for individual bankruptcy is healthcare (72% had insurance), wage stagnation due to 20 years of cost shifting to employees, human suffering, the opioid crisis, etc.

Even the Best PBM Can't Protect Against These

Knowledge is power, especially when it comes to price variations in healthcare. Many times, the best pricing exists outside of your health plan, but how to get this information in front of employees is the biggest challenge. Even the most transparent PBM arrangements, can’t protect against uninformed decisions.

Discounts off of what?

Dave Chase, co-founder of Health Rosetta, penned an article titled “Have PPO Networks Perpetrated The Greatest Heist In American History?” Originally published in Forbes in 2016, it is an eye opening account of the pervasive waste in our healthcare system.

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