Now more than ever, health insurance plans need to change the way they do business in order to survive in a competitive landscape transformed by healthcare reform and healthcare consumerism. The Medical Loss Ratio (MLR) requirements set forth in the Affordable Care Act are placing significant pressure on payers to operate more efficiently and control administrative expenses.
Join us as we provide an overview of MLR requirements – what are they, how are they calculated, who does it benefit, and what are the consequences of non-compliance? What are the costs, hidden and otherwise, that impact MLR requirements? What are the common areas of inefficiency for plans today? During the session we will explore opportunities for reducing administrative expenses. Learn how Alegeus can help payers cut costs by streamlining post-adjudication payment and communication processes - including both optimizing print streams and transitioning to more efficient electronic payment and communication methods.