Why Enroll as a Payor?
Health and Dental benefit costs have been increasing significantly in recent years. Post pandemic recovery has resulted in cases that are out pacing the flow of contributions to plan funds. General economic conditions, regulatory changes, and ongoing uncertainty pose challenges on negotiating increased contribution rates into plans. Currently it is the patient who is bearing most of the fiscal responsibility. As plans gradually reduce coverages to meet costs, it is the patientwho assumes the greater copayment and out of pocket expense. Many of these patients are unable to pay for these out-of-pocket costs and inevitably do not have the treatment performed. As neglect and abstinence occurs, so does failing health and productivity in the workplace, inevitably resulting in the need for extensive treatment to bring the member back to their wellbeing.
There are in fact severe inequities and disparities in the delivery of health benefits. Technology, increased fee guides, inflation, and rising costs of materials dictates the need for more funds. Payors (Public members, insurers, third party administrators (TPAs), corporations, trusts, organizations and multi-employer sponsored plans, all referred to as payors) must seek for solutions in an alternative delivery of care model to help sustain and maintain current benefits structures. It is only through our resources that payors can look towards funding these solutions. FCB integrates a contracted health network of providers, under clinical governance, to provide payors savings in compliance to industry standards. FCB integrates provider services as it offers its proprietary health network under reference-based pricing to payors. Payors savings produced are between 20-30% on all claims payable.
As a member of the FCB Health Network, Payors and their members can also expect to receive:
A benefit relief by utilizing our affiliate vendor program, allowing your members to save on goods and services such as medical supplies, sundries, and more.
Virtual Care by video calling one of our network providers at no cost.
Mail order pharmacy with a guaranteed lowest dispensing fee and free delivery.
Savings on hearing aid devices and vision care such prescription lenses and frames.
Online appointment booking to ensure you are making the most of your time.
Access to Health and Dental Providers across Canada in every discipline. Travelling? Not to worry, FCBHN has got you covered!
FCB has made great strides towards sustaining and maintain costs, by designing and building the network from the payors perspective. The result is a health network that offers the breadth, depth and features payors want. We have also adopted the recommendations of various provider associations as we embrace the better business practices, ethics and jurisprudence of managing health care.