Education for Benefits Purchasing
How does it work?
Knowledge Benefits creates education for benefits purchasers. Our goal is to empower employers to leverage their purchasing power and provide higher value healthcare for employees.
How do employers like you “bend the trend” on healthcare costs? Where do you learn how the healthcare industry really works, where the money goes ‚and how to get the most from healthcare spending?
Our research shows that most HR and benefits professionals learn “on the job” and rely on benefits advisors for healthcare purchasing decisions.
Would you like a stronger foundation to build better healthcare plans and benefits while meeting your company’s fiduciary duty to your coworkers? Do you want learn how to buy benefits more strategically while earning SHRM credits?
Our online courses will provide foundational knowledge of the healthcare market, including buyers and sellers, and the impact of third-party intermediaries on pricing. They teach employers how to measure performance based on quality and value, and introduce innovative models of care, alternative payment models, and benefit design.
Who is this program for?
- Benefits administrators on the front lines of employer sponsored health insurance
- HR professionals interested in improving benefit purchasing
- Purchasing managers interested in improving benefit purchasing
- C-suite executives committed to offering high value care to their employees
- Brokers committed to improving quality and reducing costs for their clients
What does our program do?
- Quantifies both the opportunity and need for a value-based approach to both purchasing and providing health benefits.
- Educates participants on available tools, performance specifications and how they can be used in the market as well as internally.
- Enables participants to gain more value from their consultants/brokers and health plans.
What are the goals?
- Increased use of standards-based tools for performance measurement and improvement.
- Increased understanding and demand for alternative payment models, including episodes of care, bundled payment, care management, and others.
- Increased competition by providers on quality and cost at the service-line level.
- A higher use of differentiated benefit designs that encourage the use of high-value health services (e.g., primary care) and discourage the use of low-value services.
Long term, our program will enable and promote proactive purchasing of healthcare by empowering human resources and finance professionals to serve as change agents that transform the health system.
Learn more about our proprietary adaptive learning system.