CEO Ali Diab discusses how tech is changing employer healthcare
Healthcare is one of the most urgent problems facing American employers today—and the Fortune 50 agrees.
Yesterday, three Fortune 50 leaders—Amazon, Berkshire Hathaway, and JP Morgan—made an important declaration: Healthcare is one of the most urgent problems facing American employers today, and it’s time for fresh, technology-driven solutions to solve it.
What exactly we can expect from these three is unclear. But, one thing we know for sure is employers don’t need to wait patiently to hear what comes next. They’re already in the driver’s seat. Our incredible list of 30 enterprise clients are among the many companies across the U.S. shaping the next generation of the American healthcare system—one investment and one year at a time.
“This announcement validates what we’ve been working on for the last five years”
– Ali Diab
Our Co-founder and CEO, Ali Diab, shared his thoughts on the news on air with Bloomberg yesterday.
“Employers want to have more control over how they spend their healthcare dollars and the experience that their employees and families receive as a result of that spend,” said Diab. “This announcement validates what we’ve been working on for the last five years and what we’ve observed in corporate boardrooms across America.”
Over the last five years, the Collective Health team has brought together experience from companies as diverse as NASA, Google, United Healthcare, and Amazon to deliver an unparalleled member experience coupled with a new level of insights and control into self-funded health plan performance. The results speak for themselves.
Not only does Collective Health have the highest-rated member experience in the health insurance industry with a Net Promoter Score of 76, but we have also helped our clients save millions on their investment. How? Care optimization. Compared to the industry average of +5%, we announced last week that we’ve kept medical trend flat across our book of business by helping employees and their families reduce unnecessary care like emergency room visits and some advanced imaging, and increase utilization of urgent care facilities and behavioral health care.
We went ahead and ran the numbers for Bezos, Buffett, and Dimon’s one million life group to see what Collective Health could save them in just three years: a quick $1,224,100,000. Imagine what those dollars could do.
Interested in learning more about Collective Health? We’d love to meet you. Get in touch today to schedule a demo with our team.