Employee Benefits Strategy · Hotchkiss Insurance · Houston, TX

The price is set
before you
walk in.

A plain-language guide to episodic care and what it means for your health plan.

Tess McCoy Prepared by Tess McCoy, MS, CEBS, CSFS · VP of Sales, Hotchkiss Insurance · tessmccoybenefits.com
The Problem with How Healthcare Is Priced Today

Your plan pays whatever
the provider decides to charge.

When one of your employees needs a knee replacement, a C-section, or a cardiac procedure, your health plan doesn't know what it will cost until the bills arrive — sometimes months later. Providers charge what they charge. Networks negotiate discounts off those charges. But the underlying price? Unknown in advance, impossible to budget, and wildly inconsistent from one facility to the next.

The same knee replacement can cost $15,000 at one hospital and $65,000 at the one across the street — with no difference in quality. Your plan pays the contracted rate for whichever one your employee happened to choose. You had no say. Neither did they.

Episodic care — also called episode-based or bundled payment care — is a fundamentally different approach. The price is agreed upon before a single service is rendered. Not estimated. Not trended. Guaranteed.

The core problem
Traditional health plans buy services one piece at a time — the surgeon, the anesthesiologist, the facility, the follow-up — each billed separately, each at an unknown price. Episodic care buys the outcome. One procedure. One price. Set in advance.
What Is Episodic Care?

One procedure.
One price. Guaranteed.

An episode of care is a defined clinical event — a knee replacement, a childbirth, a cardiac catheterization, a colonoscopy — bundled into a single package with a single, pre-negotiated price covering everything from pre-op through recovery.

The employer's health plan sets an allowance for each episode type. Providers who agree to deliver care within that guaranteed price are made available to members. Members who choose a participating provider pay little to nothing out of pocket — and in some designs, may receive a financial incentive for choosing high-value care. Providers compete on price and quality rather than billing volume.

This model removes the two biggest cost drivers in employer health plans: price opacity and misaligned incentives. When providers are paid a bundled price, they have every reason to coordinate care efficiently and avoid unnecessary services. When members see the price before choosing, they become active participants in their own care decisions.

01
Define the episode
A specific clinical event — knee replacement, maternity, colonoscopy — is defined with a clear scope: what's included from pre-op through recovery.
02
Set the guaranteed price
The plan establishes a guaranteed allowance for that episode. Providers who can deliver the care within that price are identified and made available to members.
03
Members shop and choose
Employees see their options, see the price, and choose their provider. Transparent, informed decisions replace the current black box. In some models, choosing high-value care puts money back in the employee's pocket.
04
Providers deliver and report
The provider delivers care under the guaranteed price contract. Clinical outcomes and cost data are reported back — creating real accountability for quality, not just billing.
What Gets Bundled

Common episodes —
and what's at stake.

Episodic care programs typically focus on high-cost, high-volume, and highly variable procedures — the ones driving the most spend on your plan. Here are examples of what a bundled episode typically covers:

Episode Type What the Bundle Covers Why It Matters
Knee or Hip Replacement Pre-op evaluation, surgery, implant, anesthesia, facility, physical therapy through recovery Price varies 4x between facilities with no quality difference — one of the highest-arbitrage procedures in employer plans
Maternity & Childbirth Prenatal visits, delivery (vaginal or C-section), postpartum care, newborn care One of the highest-volume costly events; C-section rates and NICU admissions drive enormous plan variability
Cardiac Procedures Diagnostic cath, stent placement or bypass, cardiac rehab Facility markup on cardiac cases is among the most extreme in the system — bundled pricing captures major savings
Spine Surgery Imaging, surgical procedure, anesthesia, facility, post-surgical rehab High variation in both price and necessity — bundled payment incentivizes appropriate care selection
Colonoscopy & Preventive GI Facility, physician, anesthesia, pathology if needed Frequently billed as diagnostic rather than preventive — eliminating surprise cost-sharing for employees
Bariatric Surgery Pre-op evaluation, procedure, facility, nutritional counseling, follow-up care Downstream impact on diabetes, hypertension, and musculoskeletal claims makes this a high-ROI episode for employers
Episodic Care vs. Traditional Coverage

What changes —
and what stops surprising you.

Traditional Fee-for-Service Episodic Care Model
Pricing Unknown until bills arrive Guaranteed before care begins
Cost variability High — same procedure, wildly different prices Fixed allowance per episode type
Provider incentive Bill more, earn more Deliver efficiently, compete on quality
Employee experience Surprise bills, confusing EOBs Price known upfront, no balance billing
Stop-loss exposure Unpredictable — claims can run far above projections Capped by episode price ceiling before care occurs
Care coordination Siloed — each provider bills independently Bundled — providers accountable for the full episode
Plan data & auditing Claims data only, hard to attribute outcomes Episode-level contract data, auditable for every dollar
30%
Typical total cost reduction from bundled episode pricing
$0
Balance bills when employees use a participating episode provider
15–25%
Stop-loss premium savings when episode prices are guaranteed
Is It Right for Your Organization?

Episodic care rewards
employers who want control.

Episodic care models work best when employers are committed to active benefits management — not just purchasing insurance and stepping back. Here is the profile of an employer who gets the most out of this approach:

Self-funded or exploring self-funding
Episodic care integrates most cleanly with self-funded and level-funded plan structures, where the employer directly captures the savings from guaranteed episode pricing rather than a carrier absorbing the benefit.
High-cost procedure exposure in your claims
If your top 10 claimants are driving 50–70% of your plan spend — and they usually are — bundling the most expensive procedures locks in the price before those claims hit. That changes the math on your entire renewal.
Willingness to steer employees toward high-value providers
Episodic care doesn't eliminate choice — but it does require guiding employees toward participating providers. Employers comfortable with incentive-based steerage (financial rewards for choosing episode providers) see the strongest results.
Frustration with unpredictable renewals
If your CFO is tired of budget-busting trend letters, guaranteed episode pricing is the structural fix — not another band-aid. When your highest-cost procedures have a ceiling, your renewal range narrows dramatically.
Interest in improving the employee benefits experience
Surprise medical bills are one of the top sources of financial stress for employees. A plan that shows them the price before they schedule surgery — and eliminates balance billing — is a meaningful retention and culture differentiator.
Common Questions

Straight answers.

Do employees lose access to their doctors? Not necessarily. Episodic care programs typically operate as a supplemental benefit layer within your existing plan network. Employees retain their regular coverage for everyday care. For specific high-cost procedures, they're guided toward participating episode providers — with strong financial incentives to do so, not mandates.
What if an employee needs a procedure that isn't bundled? Their standard plan coverage applies. Episodic care doesn't replace your base plan — it adds a guaranteed-price layer for defined high-cost procedures. Everything outside those defined episodes runs through your existing benefit structure.
How is this different from a reference-based pricing plan? Reference-based pricing sets what the plan will pay and leaves the provider to bill the difference — creating balance billing risk for employees. Episodic care involves a contractual agreement with the provider on a guaranteed price. The provider commits to that price in advance. No balance bills.
Are there enough participating providers? Network availability varies by market and episode program. In Houston and major Texas metros, provider participation in episodic and bundled payment arrangements has grown significantly. Your benefits consultant will confirm network adequacy for your specific workforce geography before recommending a program.
Does this work with our stop-loss carrier? Yes — and it often improves your stop-loss position. When high-cost procedures carry a guaranteed price ceiling, stop-loss underwriters can accurately model your maximum exposure. That predictability typically translates to better rates or lower specific deductibles.
How do employees find out about their episode options? Most episodic care programs include a member navigation tool — a digital platform or advocacy service where employees can search for participating providers, see guaranteed prices, and understand their out-of-pocket costs before scheduling. The experience is designed to be simple, not clinical.
What does implementation look like? Episodic care can typically be layered onto an existing self-funded or level-funded plan at renewal. The process involves selecting which episode types to bundle, confirming provider availability in your market, and updating employee communications. Your broker manages the transition — employees typically see it as a new benefit, not a plan change.
Curious what bundled pricing could do for your plan?
Start with your claims data. A review of your top-cost procedures over the past two years will quickly show where episode pricing would have moved the needle — and how much. That analysis is the right first conversation. Reach out to get started.