President of TPA Firm to Lead Super Session on Cost Containment Solutions for Health Plans at Benefits Symposium

Wednesday, April 10, 2019 General News
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Invited to present again at the annual LBG Advisors Benefits Symposium in April, Tom Doney of Cypress Benefit Administrators will lead a featured session about cost containment solutions for health plans. He'll cover the different types of programs his employer-clients are currently using and share real-world results for the savings success they're having.

APPLETON, Wis., April 10, 2019 /PRNewswire-PRWeb/ -- A long-time presenter at the annual LBG Advisors Benefits Symposium,

Tom Doney of Cypress Benefit Administrators has been invited to share one of four "Super Sessions" at the 2019 event in April.

Doney, the president and CEO of Cypress, a Lucent Health company, will present "Lessons Learned: What We Know About the Effort to Control Health Costs, the Opportunities that Work and How the Government is Involved" on April 24 in Las Vegas.

In this timely, information-filled session, he'll cover the wave of cost containment programs – from reference-based pricing (RBP) to cancer management and patient decision support – that have entered the market over the last several years with the aim to help health plans save money. Doney will explain which solutions his clients are having success with and the kind of results they've had in reducing plan costs. He'll also touch on the current health care debates occurring across the country and discuss the challenges that lie ahead for employers as the costs of care keep going up.

"As health plans must continue to adapt to rising care costs, it's extremely helpful for employers to hear about the real-world results being achieved with cost containment programs," Doney said. "Having a sense of what's working and what's not helps companies decide where to focus their efforts in implementing the appropriate benefit solutions."

Doney brings a unique perspective to the topic of cost containment as Cypress has been able to limit annual health plan cost increases for its clients to an average of just 1.44% in the last six years as compared to 6.2% nationally. In 2017, Cypress's average plan increase was only .69%.

The LBG Advisors Benefits Symposium will run from April 24-26 at the Bellagio. Opening with a keynote session on the impact of innovation and technology in benefits and four Super Sessions to follow, the Symposium will cover a wide range of topics over three days, including:

  • Specialty drugs and copay assistance
  • Establishing a healthcare trust
  • Going back to the basics of healthcare
  • The evolution of RBP
  • Personalized medicine for employees
  • Online enrollment
  • HSAs and retirement
  • Transparency and outpatient medical tourism
  • Member engagement
  • Risk management with self-funding

"This conference has really evolved into one that shares the pulse of what's happening in the world of employee benefits," said Jason Jakobsen, senior benefits consultant with LBG Advisors. "With such a strong line-up of presenters and sessions this year, we're excited to introduce attendees to the latest benefits innovations, tools and strategies."

About Cypress Benefit Administrators Cypress Benefit Administrators, a Lucent Health company, has been pioneering the way toward cost containment in self-funded health benefits since 2000. Privately held and headquartered in Appleton, Wis., the third party administrator (TPA) is the country's first to bring claims administration, consumer driven health plans and proven cost control measures together into one package for companies ranging from 50 employees to thousands of employees. It serves employer-clients across the U.S. with additional locations in Portland and Salem, OR, Omaha, NE and Denver, CO. For more information on Cypress and its customized employee benefits, visit http://www.cypressbenefit.com.

About LBG Advisors LBG Advisors, LLC is a boutique financial services and employee benefits firm whose professionals provide sophisticated solutions and superior service to corporate and private clients. As a member firm of Benefits Partners, LBG Advisors draws upon the strength of a national back office while remaining an independent, locally owned firm. Its team of professionals specialize in creative strategies and providing the appropriate products and services to clients without bias.

 

SOURCE Cypress Benefit Administrators



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