Delivered 80% in annual plan savings.
About the Client
A large construction-product manufacturer utilized the same large national health insurance company for 17 years and was seeking financial relief for its healthcare plan and better results for its employees.
Pain Points & Priorities
The Employer received double-digit increases each year with no data to support the 8% higher-than-medical-trend numbers. They sought a plan that delivered on the promise of reduced cost, more data and long-term cost control.
During the first eight months, $2,750,000 in claims were submitted; Lucent Health generated nearly 80% savings for the client and only paid $500,000 saving the client $2,250,000.
Finally, a health plan solution that delivers 20% or more in additional savings over a traditional PPO plan, complete access to your plan’s data on a daily basis, better benefits for your employees and an option to provide 24/7 concierge care for the member.
During the first year, $2,750,000 in claims were submitted; Lucent Clarity’s VBP plan generated nearly 80% savings for the client and only paid $500,000. This resulted in saving the client $2,250,000 in additional discounts.
- $2,250,000 in savings
- Concierge style care for those employees requiring inpatient or outpatient care; each was assured the right care at the right time wherever the employee was located
- Projected 0% medical or plan trend
- 80% annual savings including $500,000 over carrier