Are Pharmacy Benefit Manager (PBM) costs a ticking time bomb for self-funded insurers? Johnson & Johnson's alleged $10,000 payment for a $28 drug is a wake-up call. That's why controlling pharmacy costs is key in this new 10-point checklist we developed to help employers mitigate their liability exposure for healthcare fiduciary responsibilities. Our latest blog post dissects this issue and more. It's must-read material for optimizing your self-funded insurance strategy: https://lnkd.in/g99PvZbB #PBMCosts #HealthcareSpend #SelfFundedEmployers
Nomi Health
Hospitals and Health Care
Orem, Utah 19,128 followers
Rebuilding healthcare with services and technology solutions that deliver easy access to quality, affordable care.
About us
Nomi Health is rebuilding healthcare with services and technology solutions that allow easy access to quality, affordable care.
- Website
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https://www.nomihealth.com/
External link for Nomi Health
- Industry
- Hospitals and Health Care
- Company size
- 501-1,000 employees
- Headquarters
- Orem, Utah
- Type
- Privately Held
- Founded
- 2019
Locations
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Primary
898 north 1200 west
suite 201
Orem, Utah 84057, US
Employees at Nomi Health
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Charles Kelley
Enterprise Architect | Senior Solutions Architect | Cloud Architect | Healthcare Solutions Architect | Contract Solutions Architect | VP of Systems…
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Colleen Rooney
Strategic Growth Leader | Healthcare Transformation Executive | Vision Builder | Passion for using technology to improve health, access, and equity
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Boe Hartman
Co-Founder, CTO at Nomi Health
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Mark Newman
Founder, CEO at Nomi Health
Updates
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Great conversation! Nomi Health's vision is ambitious, yes, but within reach. That’s why we’re working day in and day out to build a direct healthcare ecosystem to cut out costs, confusion and complexity from a legacy industry model that must evolve more rapidly.
Providing Employee Benefits Strategy & Healthcare Consulting to High-Performing Multi-State Employers
This week we had a great conversation with Heath Parker, Senior VP of Global Sales at Nomi Health. In this interview, Parker discussed NOMI's unique approach to healthcare through direct contracting. Their innovative strategies are benefiting employers with cost containment and improved plan designs, while simultaneously enhancing accessibility for employees and efficiency for providers. Health also shares NOMI Health's ambitious vision for the future, addressing critical challenges in the healthcare system. Don't miss this opportunity to learn about a transformative model that's making healthcare more affordable and accessible for all. #HealthcareInnovation #DirectContracting #EmployeeBenefits Chris Boling - PPACA
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Attention self-funded insurers: Identifying health plan fiduciaries isn't as clear-cut as you might think. With evolving transparency laws, it's more crucial than ever to get this right. Our 10-point checklist provides a robust framework for pinpointing fiduciaries and educating them on their roles and risks. We break it all down in our recent blog: https://lnkd.in/gDwZc_hM #HealthPlanFiduciaries #SelfFundedInsurance #LegalRiskMitigation #EmployerProtection
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Don't forget! Our webinar on "Addressing the Opioid Crisis: Health Plan Strategies and Innovations Transforming Care" is happening next Tuesday, July 30, 2024, at 1:30 p.m. ET. Hear from experts Sara Ratner of Nomi Health and Andrey Ostrovsky, MD, FAAP of Social Innovation Ventures as they share the latest on substance use disorders' impact on the Medicare Advantage community, innovative solutions, and actionable strategies for better care. Register now: https://lnkd.in/giPB3aJA #OpioidCrisis #SubstanceUseDisorder #Webinar
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Nomi Health reposted this
Did you know that GLP-1 medication spend has increased by 81% since 2022? Some companies, like Mohawk Industries, are getting ahead of it! We were honored to have Pauline Maddox, Mohawk Industries' Sr. Health Manager, speak alongside Joshua Walker, Nomi Health COO, about how Mohawk generated cost savings while improving care outcomes, using data-driven insights to inform their GLP-1 strategy. It was a pleasure to share this story and hear from others at The Buckner Company's Innovation Summit last week! If you'd like to learn more, reach out to Phil Bulsiewicz, our Sr. Director of Analytics. (Pictured L-R: Everett Griffing, Josh, Pauline and Paul)
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📈 From 2022 to 2023, medical spend increased by 5%, while prescription spend soared by 18%. 📈 In 2022, the average cost employers paid — for all medications — was $450 per prescription. Learn more about the impact on employers who self-fund their insurance: https://lnkd.in/gDdwqcdv
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Harm reduction practices hold promise for advancing opioid use disorder care, but crucial prevention strategies like naloxone distribution face resistance. The latest issue of the AMA Journal of Ethics explores post-COVID advancements and ongoing barriers to addressing the opioid epidemic and ensuring access to comprehensive interventions for all: https://lnkd.in/geUT5rNH #OpioidCrisis #PublicHealth #HealthEquity #SuccessCare
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Red alert for self-funded employers: Recent lawsuits involving Johnson & Johnson and Ford Motor Co. are canaries in the coal mine. Here's a 10-point checklist to help protect your company against the growing number of legal threats involving healthcare fiduciary duties — whether you're new to self-funding or optimizing your strategy. And dive into our latest article for a comprehensive analysis: https://lnkd.in/g99PvZbB #SelfFundedInsurance #LegalRiskMitigation #EmployerProtection #EMployeeHealthBenefits
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The Health Care Administrators Association (HCAA) TPA Summit wrapped up yesterday. Nomi Health's financial services, Artemis and CerpassRx teams were there, meeting with innovative TPAs that found us while looking for ways to drive down costs for employers/members, improve the member experience and address fiduciary responsibility. Pictured onsite in St. Louis (L to R): Alexander Bueno, Cameron Heiner, Nate Knudsen and Jason Wininger #HCAATPASUMMIT Artemis by Nomi Health CerpassRx
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This Axios article features commentary from Nomi Health Co-Founder and CTO Boe Hartman on the ripple effect of the data stolen in the #ChangeHealthcare cyberattack: https://lnkd.in/gxNNdYX5 Please share. Thank you, Tina Reed, for keeping this important conversation going.
Change Healthcare cyberhack fallout ripples to consumers
axios.com