Healthplace America Delivers the First and Only Surgery Benefit Management Solution Through the Healthplace Surgery Benefit™
November 19, 2008
Lisle, Illinois, November 19, 2008 - Healthplace America is pleased to introduce Surgery Benefit Management to the healthcare industry. Healthplace America's flagship product, the Healthplace Surgery Benefit™, is the first and only comprehensive Surgery Benefit Management solution that delivers cost savings to employer health plans while enhancing employee benefits with quality and savings for surgery.
Surgery accounts for $700 billion of today's $2.3 trillion annual healthcare costs. Out of total surgeries, 75% are elective procedures, and up to one-third of those unnecessary.* In addition, costs are increasing faster for surgery than for many other managed health benefits, such as pharmacy benefits.†
"While a range of products and services are available for employers to manage their pharmacy costs and other health benefits, surgery costs and benefits have remained generally unmanaged until now, with the Healthplace Surgery Benefit™," said Healthplace America CEO, Ken Erickson.
The Healthplace Surgery Benefit™ supplements employer's health plans with world-class U.S. healthcare facilities and surgeons who offer low, fixed-rate pricing in order to attract pre-paid patients from across the country. As a result, employers typically realize 30%-50% savings on major medical procedures -- such as heart surgery, joint replacement, spine surgery, cancer care, bariatric surgery and more -- while reducing re-admission and re-operations through high-quality outcomes the first time around. Additional cost savings are realized by eliminating unnecessary procedures with a unique Expert Opinion Program, included in the Healthplace Surgery Benefit™.
What's more, with the Healthplace Surgery Benefit™, health plan members share in the savings with no co-pays, deductibles or coinsurance while receiving superior medical care. And in many cases, members receive a cash incentive that translates into significant personal out-of-pocket savings.
Healthplace America will continue to shake up the healthcare world as it rolls out additional Surgery Benefit Management solutions. Find out how easy it is to implement the Healthplace Surgery Benefit™ into existing health plans by logging on to http://www.healthplaceamerica.com today!
About Healthplace America:
Healthplace America is funded in part by Ziegler HealthVest Partners, LP, a venture capital fund investing in early to middle-stage healthcare support services, healthcare IT and wellness.
* Rand and Dartmouth estimate up to 33% of elective surgeries are unnecessary, with surgery costs increasing by 13% per year vs. 9% for pharmacy costs.
† May vary at discretion of employer.
