Cost Containment for Smaller Self-Insured Health Plans: What Matters Most and When an Audit May Be Appropriate
Cost containment is a central responsibility for any self-insured health plan sponsor. Plan fiduciaries are expected to monitor vendor performance, understand cost drivers, and ensure that plan assets are used appropriately. Independent audits and formal oversight mechanisms can play an important role in fulfilling those responsibilities, particularly for larger plans with significant claim volume and…
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