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• HealthAdvocate: Helping individuals and their families make the right medical decisions and navigate complex health care issues, while empowering them to take charge of their total health and wellness. • GoodRX: This free app and website tracks

The carriers we spoke to indicated that employers are now tasked with not just informing employees, but incentivizing them to use available tools.

prescription drug prices and offers drug coupons in the United States. GoodRx checks more than 75,000 pharmacies in the

innovative solutions to lower costs and

United States and claims over four million

improve transparency. In a recent instance,

website visitors per month.

Woodruff Sawyer worked with a client to arrange an international surgery for the

The Employer's Role in Price Transparency

patient and their family at less than half the

Many national carriers offer resources to help

for the patient.

choose providers that are in network, highly rated, and provide great value. The carriers we spoke to indicated that employers are now tasked with not just informing employees, but incentivizing them to use available tools. FEDEX recently implemented a program

cost of the same, high-quality, US procedure. The surgery resulted in a positive outcome

Price transparency will continue to make headlines. Employers will benefit by having the tools and the expertise to know which programs are best for their employees and bottom line.

requiring employees to complete a surgery decision support program or incur a $1,000 penalty. FEDEX estimates it will spend $2.1

*Keith, Katie, "Unpacking The Executive Order On Health Care Price Transparency And Quality," Health Affairs, healthaffairs.org, 2019

billion on health care costs in 2020, and their efforts are aimed at ramping up employee responsibility. Hospital prices, online reviews, and apps aren't the only price transparency tools. By working with your broker, you'll find TABLE OF CONTENTS

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