Side Affects listeners were among the first to hear about new approaches to paying for health care, including the cost/quality relationship, pricing transparency and value-based contracting. Scott McGohan and Anne Marie Singleton look at how these new conversations are changing the mindset of employers and their role in the health care transaction. And that promises to have far-reaching effects.
Amazon, Berkshire Hathaway and JP Morgan Chase announced they were partnering to change the way benefits are delivered to their employees. If their combined technology can produce simpler, faster and more transparent health care, then Scott says there is hope.
Since 2007, ACAP Health set out to change the way employers approach wellness. The outcomes-based strategy was born, and it has exceeded expectations as a proven way to reduce costs and improve health. It’s a simplified solution that addresses the basic equation: Price x Use = Cost.