November 23, 2021

AB What is Peer Review Process

 

It’s common to get a second opinion from a doctor for medical advice.

Why not do the same for your company’s benefit plans?

That’s the approach Apex Benefits takes with its Peer Review Process — a no-obligation review of your organization’s medical and pharmacy costs. What’s the point of a Peer Review? Simply, it’s a proactive methodology to help organizations control costs.

All it takes is four simple steps:

  1. Question Your Plan’s Health – Ask yourself, “Am I paying too much?” or “How can I help save money and reallocate those funds elsewhere?”
  2. Share Your Data – Give Apex permission to confidentially review your claims history with no disruption to your current broker relationship.
  3. Analyze Your Claims – Apex’s team of clinical and financial analysts reviews your data and applies industry knowledge to uncover savings opportunities for your organization.
  4. Discuss Recommendations – We review our analysis with you and discuss potential steps to control your medical and pharmacy costs.

The process works. In one Peer Review Apex conducted on an employer with more than 1,000 employees, cost savings totaling $3.3 million across three years were identified.

Your organization could be in a similar situation with hidden savings waiting to be discovered. Contact us to set up your no-obligation Peer Review.

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