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Healthcare incentives remain unutilizedPosted On Tue, May 15, 2012
As much as $20 billion in healthcare incentives may be unused each year, according to a study from ZS Associates.
The study noted that while some incentives are taken advantage of, there are still close to three-quarters of options not utilized. This leaves billions unused, and both members of the industry and patients alike miss out on opportunities.
"While incentive compensation plans are intended to change behavior, improve patient outcomes and achieve critical business objectives, design and execution of the plans are often flawed," said Angela Bakker Lee, managing principal for the healthcare service providers practice at ZS. "Relatively small increases in a doctor's rate of reimbursement, for example, fail to motivate change."
It may be important to check a person's current policy to ensure they are receiving the largest amount of benefits possible. However, if a person feels their plan doesn't give them the best ability to save, it could be a good idea to look for other options. Many policies have low health insurance rates, and there may be a better plan available.
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