Relentless rising costs. Tremendous variance in cost and quality. Healthcare is consistently inconsistent and constantly a challenge for employers. This doesn’t have to be the narrative.
A sustainable, high quality health system can be achieved by transforming our delivery and payment models from volume to value. This requires a closer partnership between those who deliver care and those who pay for it.
Once an unproven experiment among a handful of Fortune 50 brands, employers are increasingly interested in testing the effectiveness of direct relationships with providers. Research shows that roughly 1/4 of employers are considering contracting directly for employee healthcare services.
Bundled payment for defined conditions represents a common starting point for innovative partnerships between providers and employers. Bundles can reduce unnecessary care, align incentives and increase quality at a reduced cost. This approach also dramatically improves the patient experience along the way.