Evolution Healthcare (EVHC)

Knowledge Center

HR and Finance Must Find Common Ground on Health Insurance for Their Companies to Survive and Thrive

October 12, 2022

HR managers play a significant role in choosing employees’ health insurance benefits, but it’s become increasingly important for them to involve the financial side of the house in that decision. With rising interest rates and the possibility of a market correction soon, every dime companies spend will be under the microscope, including the funds allocated for health coverage. It’s critical that HR managers align with their organizations’ CFOs on what type of coverage to provide to their employees—and at what cost….
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See Ya Later Medical Debt! How the Medical Debt Relief Act Will Impact Brokers and Clients

September 13, 2022

Did you know that medical debt is the most common collection type on consumer credit reports? According to the Consumer Financial Protection Bureau, medical debt made up 58% of all collections tradelines in Q1 2021. Total consumer medical debt is estimated to be anywhere from $81 billion to $140 billion, with up to 35% of American adults carrying some form of medical debt. More debt means fewer people seeking medical care, which negatively impacts everyone….
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The Four Biggest Hidden Healthcare Fees That Could Be Killing Your Business

August 23, 2022

We’ve written before about the 25% secret margin that major insurance carriers build into all of their insurance plans to make up for possible overages in your claims coverage, but that piece of fluff is only the tip of the iceberg when it comes to hidden healthcare fees. The reality is that every day you and your employees are probably paying a lot more money for healthcare than is strictly necessary—and you probably don’t even realize it….
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