If We Solve the Economics of Healthcare, We Solve Healthcare
Companies have an unprecedented opportunity to change the dynamics of healthcare.
Today, 18 percent of our GDP goes towards health care and is set to increase into the future without action on our part.
Shockingly, only $0.27 of every dollar we spend on health care goes towards our clinicians. Instead, anywhere from $0.25 to $0.67 of every dollar goes towards high-cost overtreatment and misdiagnosis. And the pricing failures in health care are tremendous; the same procedure, of similar quality, performed by the same doctor at the same facility, can vary in price by 2 to 10 times.
The good news is that solutions already exist. Companies can take back control of healthcare and get better care for their employees at a lower overall cost.
Take Back Control of Your Healthcare
If you aren’t controlling how your healthcare dollars are being spent, you’ll never win.
We want to help you create a healthcare plan that gives you the ability to improve the quality of life for your employees.
Our Strategic Healthcare Plan puts you in the driver seat for your organizations healthcare spend, which may be in the millions of dollars per year. We help you finally exercise control over where and how your money is spent, so you can keep the savings and your employees benefit from a better plan.
The Strategic Healthcare Plan
A Strategic Healthcare Plan aligns with the Institute for Healthcare Improvement’s Triple Aim, which is to improve population health, enhance the experience and outcomes of the patient, and reduce per capita cost of care for communities. These are the goals we strive to create for all our clients.
Our Strategic Healthcare Plan centers around 4 key areas that together create a successful health plan.
1. Data
2. Strategy
3. Communication
4. Analysis
Each component supports the others in a process that creates best-in-class results for our client’s organizations.
Unlock Your Data, then Ask Questions
How did your healthcare data inform your last renewal?
Most companies don’t have access to data about where their health insurance premiums were spent despite spending six to seven figures on their health insurance.
The first step of our Strategic Healthcare Plan is to unlock and collect a company’s healthcare data. In order to better manage healthcare dollars, we have to know when, where, and how you and your employees are consuming healthcare.
Then, we have to present this data in a way that allows us to work in conjunction to spend your healthcare dollars in a smarter way.
Reduce Waste and Improve Benefits with Strategies and Tactics
It’s estimated that 30% of healthcare spending goes to waste, such as unnecessary tests or over payments.
Wouldn’t it be great if your employees had a better experience with the healthcare system?
Once our clients can see where and how their healthcare dollars are being spent, we can then identify and implement strategies and tactics to simultaneously improve their benefits and reduce their spending.
By taking a multi-year approach to your benefits strategy, rather the usual 12-month benefits cycle, you can identify, address, and assess strategies to reduce your spending and improve care delivery.
Is there a hospital delivering less than great care to your employees and at a higher cost than competing systems?
Are there opportunities to help employees with chronic illnesses better access medication and treatment, improving their conditions and reducing your spending?
Is your pharmaceutical spending less than transparent and your pharmacy benefits manager siphoning money away from your health plan?
These questions and more can be asked and answered through the strategies and tactics at the heart of a Strategic Health Plan.
Communication Fosters Consumerism
The American people are under-educated and ill-equipped on how to access appropriate and affordable healthcare in this country. And that is by design.
With the most cutting edge technologies and resources available, employees can become better consumers of healthcare.
And when employees have better engagement with their healthcare plans, they can receive better care at lower costs to the themselves and the plan.
Analysis Leads to Improvement
The preceding three components are effective because they are consistent and occur repeatedly over time.
If a company can approach their healthcare spending with a longer timeline, they can increase their odds of success. The cycle for a successful company is to look at their data, identify strategies and tactics to reduce waste and improve care, communicate with their employees, then analyze the results and make changes as the opportunity calls for them.
Only by analyzing the results of an intervention can we determine effectiveness and whether we need to make a change. Is this strategy or tactic having it’s intended effect? What could improve it? Should we take another approach to create our desired outcome?
This iterative process leads to compounding results. A company that can continuously makes improvements will have the best possible outcome. We want our clients to make 1%, 2%, and greater improvements, then build on them year after year.
Herein lies the greatest opportunity of our Strategic Healthcare Plan. To help companies consistently strive for a better and better results from their health plan for themselves, their employees, and their community.
