how to cut health care cost!
DESCRIPTION
This slide show describes how our healthcare center reduces healthcare costsTRANSCRIPT
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How to Cut your Company’s How to Cut your Company’s Health Care CostsHealth Care Costs
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Community Care and Affiliates
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Free Doctor Visits
Free Lab Work
Free Medications
Prescription Card
Discount on Brand drugs
No Pre-Existing Conditions
20 minute Appointments
DOT Certified Lab
Drug Testing Services
Occupational Services
Online Scheduling
Electronic Filing
Outstanding preventive care
Well Qualified Physicians
Community Care Private Health Care Center
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Benefits to Employee
Preventive and Catastrophic Coverage
Free office visits
Free medications/ lab work
28 Panel Blood Test at no cost
Alternative for COBRA
Fast efficient service
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Benefits to Employers
Employee uses 20 min off work -- not full day
Healthy employees increase production
Reduces annual trend rates (9.9%)
Keeps first dollar claims off of insurance
Reduces workers comp claims
Saves 20-40% on total annual premiums *subject to claims data*
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Community Care Concept
Shift the first dollar expenses to the health care center, rather than premium based. This action lowers overall costs by 20- 40%
Save 50% on RX coverage
office25%
Rx15%
rest60%
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Target Formula
Total Annual Premium (Loss Ratio)= X
Example:
$1,000,000(65%)= $650,000(utilization cost)
$650,000(40%)= $260,000
25% office visits
15% for Rx usage
$1,000,000-$260,000= $740,000
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Target Formula (cont.)
• 100 employees= 1million in TAP
• $833.00 monthly p/e
• $740,000/100= $7,400
• $617 monthly p/e
• Estimated savings of 26%
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3 year projection analysis
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Why use Community Care ?
• Self Funded
Lowers total amount of claims
Reduces average cost of claims
Reduces the year end trend by 50%
• Standard or high deductible planLowers total annual premiums by 20-40%
Reduces RX usage by 50%
Reduces the yearly trend rate
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How much can your company save?How much can your company save?
Find out by callingFind out by calling
937-398-5180937-398-5180