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Did You Know?
The average rate increases for members who've been part of the TORCH Insurance Program have been in single digits and 47% lower than national averages. THIA is the next step forward!
Participant Benefits
- Flexibility in plan design ensuring each hospital has the ability to customize what's right for them
- Leverage group purchasing power to receive contract provisions and annual caps typically only awarded to large entities
- Dramatically reduce administration expenses for services through economies of scale
- Maintain separate insurance contracts thereby sheltering your risk to your group
- Ability to encourage utilization in your own facility and other THIA partners by Plan design
- Rate caps with a “no laser” contract provision
- Contractual multi-year administrative rate guarantees
- Meaningful administrative performance contractual guarantees
- Integrated solution overseen by HealthSure to prudently manage healthcare spend
- Best in class service providers vetted by HealthSure and the TORCH Insurance Committee to ensure best outcomes
- TORCH will use its combined leverage to negotiate “direct” best-in-class, global price package contracts with Centers of Excellence Hospitals in the State of Texas for all of the complex care rendered outside of a TORCH hospital
- Pharmacy Benefit Management Contracts will leverage the collective buying power of THIA to access contractual terms not otherwise available to individual hospitals
- Government Compliance and technical services
- Integrated Behavioral Health Program
- Integrated Wellness Platform
- Integrated COBRA and FSA administrative services
- Online enrollment tools