Bind Personalized Health Plan Outperforms Industry Benchmarks for Total Cost as Members Buy Higher-Quality, Lower-Cost Care
Summary
MINNEAPOLIS--(BUSINESS WIRE)--Bind Benefits, Inc. released data that shows its health plan outperformed risk-adjusted industry benchmarks for total cost by guiding members to higher-quality, lower-cost care. The results show that high member engagement and better health plan design can lower costs for employees and employers. “These risk-adjusted findings show that better health plan design effectively supports utilization of the right care in the right place and helps people choose and buy better across all Bind member demographics. This is exactly the kind of benefit health insurance was originally intended to be.” More than 72,000 members are currently enrolled in Bind, including employees of Medtronic, Best Buy, Cumberland School District, Culligan, and many more companies. To hear more about the impact of better health insurance design, register here for an upcoming webinar with Bind CEO Tony Miller, Chief Actuary Trevor Fast and CIO Tamra Lair.