It's no secret that America spends more on healthcare than any other country in the world, so new and innovative ways of tackling escalating healthcare costs are generally welcomed with open arms. An agent or broker is a person or business who can help you apply for help paying for coverage and enroll in a Qualified Health Plan (QHP) through the Marketplace. Brokers sell all types of insurance, including health insurance, homeowner insurance, accident insurance ,life insurance, and annuities. Today’s health insurance industry is being fueled by consumer-centric trends, and technology is a major accelerant..
Brokers who want to compete and thrive in this increasingly self-service marketplace need to embrace technology as an effective way to improve customer service and build business. The new technology gives the power to go online and research, compare, select and manage coverage and benefit choices, all from their phone, tablet, laptop or other device. Consumers need help finding health insurance that gives them access to the doctors and hospitals they want. Having the option to use an online directory makes it easy for brokers to quickly find out what physicians and hospitals are part of each health plan’s provider network. Brokers who offer online quoting on their websites or use an exchange or carrier with an online quoting feature can quickly provide clients with multiple options to consider before making a health care decision. For brokers without a website, find a technology partner to help.
Brokers now have access to online resources and portals that allow them to easily manage clients — in real-time. Tools like monthly bill management, forms, online employee changes (new hires/terminations) and more help boost your service capabilities and increase your value to clients. Step one of health care business acquisition is defining the type of enterprise you're looking for. Identify the industry you want to be in. The next logical move is to target a suitable, specific health care business. The valuation stage of buying a health care business is a vital step to ensuring a successful purchase. A larger merger of multinational interests may involve complex financing from multiple sources. For a smaller scale buy-out, the most common method is a straightforward payment on completion agreement. You can also bring in due diligence professionals for thorough analysis. Sale &Purchase agreement marks the closing step for acquisition.