Episode 39 – Tony Miller | Bind On Demand Health Insurance

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Topics:

  • On-Demand Health Insurance
  • Consumerism
  • Clinical Care Paths
  • Aligned Incentives
  • Cost Savings
  • Dynamic Copays
  • Price Transparency

In this episode, Michael introduces you to Tony Miller, Co-founder and CEO of Bind On Demand Health Insurance. Join us as we discuss how Bind provides an innovative platform to address some of the deficiencies in traditional insurance products and makes health insurance easy, affordable and flexible for consumers.  

Here’s a glance at what we discuss in this episode:

  • Tony’s serial health care entrepreneurial experience and what inspired him to launch Bind
  • Why our healthcare delivery system is broken and value-based reimbursement may not be the solution
  • How Bind arms consumers with the tools they need to make appropriate cost and quality decisions regarding their healthcare.
  • Bind’s unique Core and Buy-Up plan structure
  • How the “smart” copay structure within Bind compares to traditional insurance copay structures and deductibles/co-insurance
  • How Bind incorporates a quality metric into a treatment care path with a dollar incentive through the dynamic copay structure for consumers to access
  • How Bind aligns incentives for consumers and physicians while redefining reimbursement models
  • Why  condition management programs should originate with the physician
  • How Bind provides consumers with tools to empower them with price certainty for medical & pharmacy services
  • How Bind has created a shared savings model with all stakeholders, including plan sponsors and consumers, to target and eliminate waste in the system
  • How the additional premium for buy-up services is financed in a tax efficient way
  • Bind’s unique dynamic member experience through their concierge team and mobile application
  • Examples of member engagement and why on average 55% of enrollees have utilized the app
  • Why Bind encourages their on-demand health insurance as an option paired with an employer’s legacy insurance plan
  • Exciting new horizons for Bind and interest in expanding to Medicare, Medicaid, and individual market
  • Who Bind is a good fit for
  • Bind’s website and contact information https://www.yourbind.com/

About the Host, Michael Menerey

Michael Menerey is a Senior Vice President and Benefits Consultant with one of the largest Employee Benefits Brokerage & Consulting firms in the country. He is a partner in the Employee Benefits Practice and works in the Los Angeles office.

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