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Healthcare is one of the biggest expenses for a business—and one of the benefits that can make or break someone’s decision to join or stay with your company.
With Parasol, you give employees the benefits of a national network while seeing significant savings for your business compared to other reference-based pricing (RBP) programs or a PPO.
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RBP programs pay for claims at a cost closer to their true amount plus a fair margin.
RBP programs replace network options for self-funded employers and reimburse claims using a methodology that looks at predetermined rates, most often Medicare.
Traditional RBP programs, however, have left employers with dysfunctional networks, poor coverage options, and employees with huge medical bills (balanced billing).
Parasol is the only product on the market that combines all the benefits of RBP with the satisfaction and reliability of an established, nationwide network to keep everyone happy.
30% reduction in the first year and subsequent savings thereafter
Gain actionable insights from Parasol’s analytics to understand the drivers of healthcare usage and improve costs and outcomes
Employees are supported throughout their coverage, including navigating care and resolving billing issues, relieving the burden on HR and improving staff retention
Parasol builds you a custom plan that suits your employees’ needs according to your precise input
Parasol’s Reference Based Pricing (RBP) goes beyond the offerings of other TPAs by securing additional savings for employers:
Healthcare costs drive the greatest dissatisfaction among employees; Parasol has 99% satisfaction among members, compared to national average of 71%
Employees supported from open enrollment through coverage period
56% of people consider employer-covered health insurance a deciding factor for staying at their job while 46% say it is a driving factor for accepting a job offer
Employees covered by an expansive national network with 100M+ members
Employees avoid the negative impacts of balanced billing
Understanding the status quo—that guaranteed reimbursement rates drive inflated care costs—our experts secure you fair pricing with high-performing coverage. Deliver your business significant savings, improve retention, and boost employee satisfaction with Parasol’s RBP Program.
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ABC Healthcare needed to reduce health benefits costs, but couldn’t afford to cut coverage. Other RBP packages were a no-go because they reduced coverage and ABC Healthcare credited their lower-than-average turnover to high-quality benefits.
With Parasol’s RBP Program, ABC Healthcare achieved significant savings while keeping the same network and coverage.
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Parasol Health is a revolutionary, 100% independent Third-Party Administrator (TPA) founded by experts and stakeholders in health insurance and healthcare organizations to fill the void left by traditional reference-based (RBP) programs. With a vision of creating the most robust RBP program in the market, Parasol partnered with one of the largest health insurance networks in the nation to provide employers with a cost-effective way to self-fund benefits plans that employees love. We know the true cost of care and address the real-life—and real health—needs of employers and employees.