who can change the trajectory of your corporate health costs?
TRANSCRIPT
Alken can.
W H O C A N C H A N G E T H E T R A J E C T O R Y O FY O U R C O R P O R A T E H E A L T H C O S T S ?
Learn how corporate medical director services can be scaled to the needs of your business.
Alken Health Resources provides enlightened corporate executives with “hands on the levers” control of the
key cost drivers for healthcare, wellness and overall benefits spending. Serving as an outsourced Corporate
Medical Director, Kenneth D. Wells, MD, MBA provides strategic insight to management combined with tacti-
cal programs tailored to each unique company in its particular industry sector.
In 2009, healthcare costs jumped from 16 percent to more than 17 percent of the U.S.
gross domestic product (GDP) (fig.1), and these costs are on their way to 20 percent or
more of GDP by the end of this decade 1. Health insurance premiums rose four times
faster than the consumer price index (CPI) between 1999 and 2009 2.
T h e c u r r e n t t r a j e c t o r y o f h e a l t h a n d w e l f a r ec o s t s t o c o r p o r a t i o n s i s u n s u s t a i n a b l e .
fig.1
EXAMPLES
• Employee risk assessments
• Wellness programs to target the health issue(s) that drive business costs
• Case management for high-cost outliers
• Executive wellness and monitoring
• Knowledge input to EH&S and Risk Management programs
• Collaborate on crisis management planning
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T a i l o r e d H e a l t h M a n a g e m e n t P r o g r a m s
T h e c u r r e n t t r a j e c t o r y o f h e a l t h a n d w e l f a r ec o s t s t o c o r p o r a t i o n s i s u n s u s t a i n a b l e .
Corporate executives worry about waste—misallocated corporate spending on healthcare, wellness and
benefits. A second key area of concern is unmanaged risk—unidentified health risks within the employee
census that could be altered and controlled.
Alken Health Resources, in conjunction with its alliance partners, develops solutions that give executive
management the levers to control long-term health cost spending, based on effective health cost diagnostics.
An effective solution begins with a good diagnosis. Alken Health Resources helps put your finger on the pulse
of your people with analysis that encompasses health, wellness and the economics that drive costs.
Know where to allocate spending to make a difference—for employees and your bottom line.
IDENTIFYING AND MANAGING STRESS
Stress is a quiet contributor to spiraling health costs. The U.S. Bureau of Labor estimates that stress costs
businesses more than $300 Billion annually 3. Alken can identify stress points in the workplace and propose
an integrated solution.
A l k e n c a n h e l p d i a g n o s e y o u r e m p l o y e e c e n s u s f o r a c l e a r p i c t u r e o f y o u r h e a l t h c o s t r i s k s .
EXAMPLE SOLUTIONS
• Group health plan revisions or redesign
• Outsourced versus in-house employee services
• Benefits outsourcing/management
• Disability insurance and case management
• Review/purchase of appropriate voluntary benefits
• Workers comp and occupational health
• Worksite health and safety focus
• International travel health services/medical tourism
• Changing workforce assessment
• Policy implementations (such as ADA, FMLA)
• Corporate psycho-social issues/work-life balance
• Medical emergency preparation/response
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With less buying power than Fortune 500 companies, smaller businesses pay up to 18 percent more
than large firms for the same health insurance 4. And according to the Kaiser Family Foundation, this
disadvantage makes it even more difficult for smaller businesses to fund wellness initiatives that could
help impact this problem.
Kaiser reports that small business employers are 75 percent less likely
than larger companies to offer employees a health risk assessment,
and 80 percent less likely to offer financial incentives to employees
who complete a health risk assessment (fig.2) 5. Thus continuing the
likelihood that major cost drivers are not controlled, and ensuring that
smaller businesses continue to suffer–without intervention. fig.2
S m a l l a n d m e d i u m b u s i n e s s e s b e a r a n i n o r d i n a t ea m o u n t o f h e a l t h c o s t p a i n .
• Personal medical advocacy
• Specialty referrals
• Medical Director services
• Medical tourism
• Medical records maintenance and security
Alken Health Resources addresses this disparity by tailoring both strategic consulting services and tactical programs
that are scalable for small and medium businesses (SMBs). Bringing more than 20 years of experience, much of it
as Corporate Medical Director for Fortune 500 companies, Dr. Ken Wells develops solutions appropriate to each
business (and its industry sector), from one hundred employees in a machine shop to a vast global enterprise.
C o r p o r a t e C o n c i e r g e H e a l t h a n d M e d i c a l S e r v i c e s
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AN OUTSOURCED SOLUTION
Serving as an outsourced Corporate Medical Director (CMD), Dr. Ken Wells provides executive
management with board-level strategic insight into controlling and managing corporate costs.
Alken offers an outsourced corporate medical director service that
• provides an intervention point into spiraling health costs,
• is scalable for organizations of varying sizes (and varying industry sectors),
• provides executive management with effective diagnostics and a strategic blueprint,
• provides functional managers (HR, EH&S, Risk Management, GC) with actionable programs,
• can change the trajectory of health costs over a period of years, and
• will provide management with “hands on the levers” control, as with other areas of operations.
C o r p o r a t e M e d i c a l D i r e c t o r
Dr. Ken Wells is a trusted advisor for executive and corporate health management. For more than 20 years, his
knowledge and leadership has produced substantial savings and enhanced efficiencies for Fortune 500 companies
in many industry sectors. Dr. Ken Wells’ role is to enable corporate executives to focus on their core business, while
reducing costs and enhancing health services.
A noted authority on preventive, occupational and health policy, the expertise of Dr. Wells is sought by non-profit and
educational institutions as well, including The Robert Wood Johnson Foundation; The University of Texas Health
Science Center in Houston; The University of Texas College of Natural Sciences Advisory Council; The Washington
Business Group on Health; and The Agency for Health Care Policy and Research. He frequently lectures at universities
and health conferences on the topics of health care policy and corporate health cost containment strategies.
K e n n e t h D . W e l l s , M D , M B A P r e s i d e n t , A L K E N H e a l t h R e s o u r c e s
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R e a d w h a t o u r c l i e n t s h a v e t o s a y . . .
“Dr. Wells has provided outstanding medical advice
plus expert counsel on the business aspect of medical
coverage for both my previous company (Tenneco Gas)
and my current endeavor.”
“Dr. Wells has the deep knowledge and experience that
is a rare find in a Physician Executive in the area of
Wellness…I would highly recommend him to anyone
wishing to bring their health risk management and
wellness programs to another level that will provide new
opportunities to employees and their families and more
predictable health-related costs for the company.”
BOB THOMAS, PRESIDENT,T. R. ENERGY, LLC
PATRICK TROTTER, PRESIDENT,HEALTH SOLUTIONS LTD
“Dr. Wells sets the gold standard for health-related risk management. His education, background, knowledge
and experience all come together to support his decisions and recommendations. He is action oriented and
believes strongly in performance metrics and the appropriate corrective actions/continuous improvement.
He has a very unique perspective as an accomplished medical professional, corporate executive and
independent businessman. I was particularly impressed with Dr. Wells’ intense focus on measuring actual
return on every dollar we invested in his business unit. As a final note, Dr. Wells has demonstrated effective
and consistent leadership throughout my association with him. I have always valued his input.”
DAVE ELLIS, COO, EPIC MERCHANT ENERGY
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4 A L K E N . C O M
For more information on ALKEN Health Resource please
contact [email protected] or call 713.222.9355
P.O. Box 540031 Houston, TX 77254
CITATIONS
1. Source: Centers for Medicare and Medicaid Services, Houston Chronicle, February 12, 2010
2. Kaiser/HRET Survey of Employer-Sponsored Health Benefits, 2009.
3. http://jobfunctions.bnet.com/abstract.aspx?docid=165564, Stress Directions, Inc.
4. Gabel J, McDevitt R, Gandolfo L, et al. Generosity and Adjusted Premiums in Job-Based
Insurance: Hawaii is Up, Wyoming is Down. Health Affairs, 2006, 25(3): 832-843.
(http://www.healthreform.gov/reports/smallbusiness2/index.html)
5. Kaiser/HRET Survey of Employer-Sponsored Health Benefits, 2009.