Andy NearyI help insurance professionals turn brand awareness into business growth.

SOTSQ Episode 10 - Risk Management: The Key to Budget Control

26 Jul 2018 · 1 min

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Andy Neary (SOTSQ Episode 10) argues that controlling a company’s healthcare budget requires active risk management inside health plans rather than passively buying insurance. He states that buying insurance is "the most expensive way to manage risk," and urges employers to manage pricing and quality of services within their plans to both lower costs and improve care quality. The clip ends with a call-to-action to schedule a short call to learn peer approaches.

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Frequently, I have employers ask me, andy, how do we bring control to the health care budget? How do we get more while spending less? And my answer is simple. It's two words. Risk management. Folks, buying insurance is the most expensive way to manage risk. And if you're buying your health insurance without managing any of the risk inside the plan, you have no chance at controlling your health care budget. If you want to create outcomes, you have to manage the risk inside the plan. You have to manage the pricing and the quality of the services your employees are buying inside the health care system. It's that simple. Guys, I'm on a mission to help you not only lower the cost of your healthcare budget, but elevate the quality of the care you're giving your employees. So click on the link below. Let's schedule a short call and I'd be happy to share with you how peers, how your business peers are creating these outcomes today. Until then, let's bear down. Let's focus on the target, and let's strike out the status quo. Have a great afternoon.