Physicians of Cape Cod will supply its physician network in instances where employers want to be "self-funded". "Self-funding" means that the employer chooses to retain the financial risk for their employees, rather than use an insurance company. Administrative services, such as paying claims, are usually subcontracted by the employer to a third party (TPA), while network access is also subcontracted. Physicians of Cape Cod will hold those network access contracts directly with the employer, and provide medical management services to help ensure a quality, cost effective program.
For employers, it specifically means that a direct contracting/"self-funded" program can eliminate or reduce state premium taxes, and administrative costs from your current HMO or insurance company programs. Additionally, flexibility of funding can maximize cash flow by maintaining funds within your company. Flexibility of plan design can assist you in avoiding state mandated benefits, while exercising control of your plan design.
For more information on how we can save your company money, please call us at
1-(508) 775-7785.
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