how to cut health care cost!

11
How to Cut your How to Cut your Company’s Health Care Company’s Health Care Costs Costs

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This slide show describes how our healthcare center reduces healthcare costs

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Page 1: How To Cut Health Care Cost!

How to Cut your Company’s How to Cut your Company’s Health Care CostsHealth Care Costs

Page 2: How To Cut Health Care Cost!

Community Care and Affiliates

Page 3: How To Cut Health Care Cost!

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

Page 4: How To Cut Health Care Cost!

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

Page 5: How To Cut Health Care Cost!

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*

Page 6: How To Cut Health Care Cost!

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%

Page 7: How To Cut Health Care Cost!

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

Page 8: How To Cut Health Care Cost!

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%

Page 9: How To Cut Health Care Cost!

3 year projection analysis

Page 10: How To Cut Health Care Cost!

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

Page 11: How To Cut Health Care Cost!

How much can your company save?How much can your company save?

Find out by callingFind out by calling

937-398-5180937-398-5180