Paying a lot doesn’t guarantee the best health care benefits. Value-based purchasing does.
What is the AEPC value-based purchasing model?
AEPC brings together groups* that want the same thing: the best health care benefits at the best price. As a large purchaser of benefits, we use this clout to negotiate with vendors for higher quality at lower prices than an individual group could get.
But there’s more to our value equation.
Details matter, and we excel in managing the bidding, auditing, and contract terms with vendors. In our pharmacy program, for example, over $93 million in savings has been returned to our member organizations. We also stay on top of health care industry best practices to measure quality and analyze health outcomes data. We use this data and analysis to strike the correct balance between costs and outcomes.
The value AEPC members receive is in this combination of negotiating power, health care industry expertise, and commitment to helping plan participants in their health care journey.
As a labor-management purchasing coalition, AEPC facilitates trust among worker and employer representatives to get to the bottom line: affordable and industry-leading quality health care.
*AEPC programs cover workers under collective bargaining agreements, as well as the non-represented employees within the same employer.