I’m encouraging every plan sponsor I know to read “Why GE, Boeing, Lowe’s, and Walmart are Directly Buying Health Care for Employees.” The recent Harvard Business Review piece does a nice job explaining why and how a growing number of large employers are embracing the specialty centers of excellence model, as available through EdisonHealth.
“Increase value for patients, purchasers, and hospitals by improving patient outcomes and satisfaction and decreasing costs.”
The article details corporate initiatives to directly purchase bundled specialty care for employees through selected providers, which, if done correctly, can “increase value for patients, purchasers, and hospitals by improving patient outcomes and satisfaction and decreasing costs.”
Many of the examples cited are the direct result of groundbreaking work initiated by my EdisonHealth co-founder, Tom Emerick, the former VP of employee benefits for Walmart. Thanks to his pioneering efforts, and EdisonHealth, other large and mid-size employers can provide their medical plan enrollees with ready access to a network of specially selected medical centers for the diagnosis and treatment of serious conditions – at no additional charge to their plan members.
Visit www.EdisonHealth.net for more information.
This post from Rick Chelko originally appeared on LinkedIn.