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Limited self-funding can save a considerable amount of money over several years by self insuring a portion of the medical risk. It must be noted, however, that a plan of limited self insurance by itself will not minimize the risks inherent in such a plan. Company management must be willing to participate in risk management to maximize emerging opportunities to provide quality health care for employees and their families as well as to save significant amounts of money. Patient Advocates, LLC has been structured to address all of those important issues. Patient Advocates stands for the principle that quality health care is ultimately the least expensive health care. Our nurse line and case management services are patient oriented and strive to educate the patient as to appropriate health care choices and options. Many health insurance companies operate on a “one size fits all” basis. While this approach offers certain opportunities to achieve internal economies, it usually results in the sacrifice of a client’s ability to manage its plan according to its own unique needs. Patient Advocates provides each client with great flexibility in this area and is completely focused on the needs of its clients. It has no alliances with local health care providers that impede its ability to refer patients. Patient Advocates has one mission - to manage the health care needs of its clients and their plan participants. Its services are dedicated to that principle. As noted above, health care costs have once again risen to the top of corporate problem lists. What is different about this cycle is that the “low hanging fruit” of health care cost containment has already been harvested. That is to say that hospital and physician discounts have been utilized to their maximum level of effectiveness and there is no magic solution on the horizon. Risk sharing arrangements have not proved profitable. What then is left? The answer, perhaps, lies in common sense and reality. Health claim histories have consistently demonstrated that approximately half of all claim dollars are due to medical conditions that could have been prevented through better health habits. That is a staggering statistic that has not yet seemed to have penetrated the consciousness of policy and decision-makers as well as the general public. Common sense tells us it is less expensive to prevent problems than to cure them. Employer health plans have not effectively embraced that universal principle. Simply offering preventive care benefits in an employee health plan, however, is insufficient. Much more is needed by way of patient education, regular follow up and proper alignment of interests and incentives. When one examines claims data, one finds the percentage of claim dollars spent for preventive care generally to be around one per cent. Considering potential savings, preventive care is seriously underutilized. That brings us to the reality issue. The present health
care system has produced a delivery model that can not help but be expensive
and ripe for abuse. Essentially, it gives consumers a credit card (in
the form of a health benefits card) to use with suppliers (physicians,
hospitals). Suppliers, in turn, tell consumers (patients), in an often
emotionally charged transaction, what services they need and how often
they need them. In a separate transaction, not usually discussed with
the consumer, price is determined and then charged on the “credit
card”. It does not stretch one’s imagination to understand
why the system is expensive, inefficient and unresponsive. Patient Advocates believes that the appropriate manner in which to truly manage health care lies in recognizing certain fundamental realities:
Patient Advocates also encourages, as part of its commitment to quality health care, utilization of regional and national Centers of Medical Excellence. Most often, these centers offer the more successful outcomes associated with the latest techniques and higher volumes. In addition, these centers, due to higher volume, often provide superior services and results at a fraction of the cost of local services.
Patient Advocates, through its principals, has a long and productive history of working successfully with employers. In all of those mutual endeavors, the result has been a cost effective, patient-oriented service that has benefited patients. In addition Patient Advocates, LLC is an adaptive, flexible and proactive organization. These attributes have never been more in demand and than they are today.
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Shaker Road • P.O.
Box 1959 • Gray, Maine 04039
• TEL (800) 290-8559 • FAX (207) 657-7744 |