Infinite Health Collaborative and Revo Health have reduced per-employee costs by 12% since 2018
Infinite Health Collaborative (i-Health), a local physician-owned and led multispecialty practice, and Revo Health (Revo), which provides business support to i-Health and other groups across the country, continue to see their employee medical plan costs decrease year over year, with 2021 projected to be another significant reduction. The two organizations share a self-funded healthcare plan covering a combined 1,500+ employees. Costs on a per employee per month basis (PEPM) have decreased 12% from 2018 to 2021, while access to quality care options have increased.
i-Health and Revo offer a variety of plan options for employees, including a copay plan, high deductible HSA- qualified plan, and high value plan. Enrollment in the high value plan has increased each year since its inception, with over 40% of employees choosing that option.
Dr. Michael Spencer is an i-Health board member and physician with Colon and Rectal Surgery Associates, an operating division of i-Health. Dr. Spencer attributes the plan’s success to four components: plan design, a high value network, employee education, and innovative sites of service. “Our employees have seen their healthcare benefits improve while maintaining flat premium contributions, without compromising care, which is pretty much unheard of. As physicians, we strive to provide clinical excellence for each and every patient we treat. It’s reassuring to see that a diverse group of independent practices focused on quality care can also provide value for patients, payors, and employers alike.”
Twin Cities Orthopedics (TCO), an operating division within i-Health, was an early adopter of the self-funded model. In 2010, they shifted from a traditional, fully-insured plan and partnered with local third-party administrator HealthEZ to design their current framework. Ever since switching, TCO has realized significant savings each year, a key reason why i-Health and Revo fully adopted the model for their organizations.
About Infinite Health Collaborative
Infinite Health Collaborative (i-Health) is a group of local medical practices, independently owned and led by its physicians, with operating divisions representing several areas of expertise. Visit i-Health.com to learn more about the specialties and services of each practice. i-Health physicians focus on patient choice, and share core principles of physician autonomy, quality, value-based care and innovation. By enabling physician practices to remain independent, and encouraging patients to be active participants in their healthcare decisions, i-Health preserves true, patient-first care. Their passionate team is inspired to create endless possibilities for growth and innovation, and ultimately impact change in healthcare. i-Health.com
About Revo Health
Revo Health (Revo) is a management services organization with a vision to revolutionize the delivery of healthcare by supporting innovative physician leaders in their pursuit of dynamic change. Revo is committed to helping organizations grow and thrive via innovative care pathways, measurable outcomes, and responsible spending. Revo services include business and clinical intelligence, ambulatory surgery center (ASC) development and management, and professional services. RevoHealth.com
About HealthEZ
Based in Bloomington, Minnesota, HealthEZ is a national independent third-party administrator of employer-sponsored, self-funded medical plans and America’s PPO, the nation’s first preferred provider organization. On a mission to make health insurance easy to understand and more efficient from provider to patient and the employers who fund their plans. The company partners with employers throughout the United States to deliver better access to healthcare for their employees while ensuring value and improving outcomes. More information about HealthEZ can be found at www.healthez.com.
About Colon & Rectal Surgery Associates
Colon & Rectal Surgery Associates (CRSAL) is one of the largest independent colon and rectal physician practices in the world, specializing in the diagnosis, evaluation, and treatment of colon and rectal diseases. CRSAL provides concentrated expertise in all areas of colon and rectal surgery, and is recognized globally as a leading academic and research institution. In 2000, CRSAL physicians established the Pelvic Floor Center as a free-standing diagnostic center in Minneapolis. It is a highly specialized, state of the art facility that offers a multi-disciplinary approach to patient care and the diagnosis of pelvic floor disorders. ColonRectal.org
About Twin Cities Orthopedics
Twin Cities Orthopedics (TCO) is committed to providing world-class service. TCO’s dedicated teams of independent physicians, specialty providers and care coordinators serve patients in clinic locations, walk-in orthopedic urgent care locations, and numerous other therapy and specialty care settings across Minnesota and western Wisconsin. Regardless of the location, TCO delivers an exceptional patient experience, backed by decades of trusted orthopedic and sports medicine care. TCOmn.com
View source version on businesswire.com: https://www.businesswire.com/news/home/20220118006136/en/
Contacts
Media Contacts: Ryan Shaver, Griffin Severson
RyanShaver@RevoHealth.com | 612-404-9043
GriffinSeverson@RevoHealth.com | 952-456-7375
