EyeMed announces new business model

EyeMed Vision Care announced the launch of an updated business model that will support provider practice growth, simplify administration and deliver a wide choice of products and labs, according to a company press release.

Key features of the new model include a national lab network featuring Essilor Laboratories of America, a single-vision in-office finishing program for participating providers, the inclusion of Luxottica Lab Services as a network lab choice, broad product choice from a range of top manufacturers and increased eye exam reimbursements for most independent network providers, according to the release.

Additional features include the consolidation of hundreds of client-specific fee schedules to about 15, which will result in paying more than $1 million dollars annually in increased participating provider reimbursements; combining claims and order functions to make it easy to serve EyeMed members; and a time-saving reconciliation feature for lab orders that are changed after the initial submission, the release said.

The updated model and new provider contract will be introduced to network providers this month.

“Our updated business model is the latest in a series of changes we have made to better prepare for the future,” EyeMed President Liz DiGiandomenico said in the release. “With a new brand that better reflects our commitment to innovation, new products such as EyePrefer, which empowers employees to make smarter decisions about their vision care, and now an updated business model, designed with input from independent providers, we are investing to deliver an improved experience to clients, members and providers.”