The reference-based pricing model will now include Peerfit’s wellness solution as part of their plans, leading to more cost-savings and a higher return on wellness
TAMPA, Fla. (September 10, 2018) – Peerfit, the market leader in connecting employers and carriers with flexible fitness experiences, and Hawaii Mainland Administrators (HMA), a leading provider of reference-based pricing (RBP) programs, have teamed up to help bring employers cost savings and employee engagement. Through this partnership, employers will be able to focus on both immediate cost savings through improved transparency into the cost of medical services, as well as long-term employee health through increased individual engagement.
This new approach of Reference-Based Pricing (RBP) creates an employer-sponsored offering that produces sustainable healthcare cost savings while allowing employees the opportunity to engage in a customized, personal fitness program.
Through Peerfit’s platform, users can take classes at local fitness studios and gyms by using employer-sponsored Peerfit credits. Any employer who chooses to work with HMA will be given Peerfit credits for all their employees. This powerful combination will immediately reduce employer healthcare costs 15+% year-over-year on their healthcare spend and provide long-term health benefits for employees*.
“Despite healthcare focusing on innovation, most employee benefits offerings have remained stale and outdated,” said Peerfit’s Chief Growth Officer, Todd Slawter. “The combination of both short-term and long-term cost savings with the increase in employee engagement makes perfect sense for any employer. We are excited to be partnering with a one-of-a-kind RBP solution that focuses on community collaboration and proactive advocacy.”
HMA CEO, Paul Carter said, “Improvement of health and engagement was something we wanted to add to our RBP solution. The fact that we can do so with a company that focuses on local relationships was a match made in heaven. Both healthcare and well-being are delivered locally, so a solution that can look different when delivered in the urban metropolis of NYC versus good ole Nashville, Tennessee should ring for employers coast to coast.”
Register here for a webinar on Thursday, September 20th at 2pm EST to learn how you can implement RBP and get Peerfit for you and your clients.
Peerfit is the market leader in connecting employers and carriers with innovative fitness experiences. Through their digital platform, insurance carriers, brokers and employers can redefine their benefits programs by giving employees access to a network of fitness studios and gyms – offering a variety of classes that cater to all levels of fitness – using workplace wellness dollars. For more information, visit Peerfit.com.
*Lockton. 2018. “A different tactic in the war on medical costs: Reference-based pricing”
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Director of Marketing, HMA
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