Doctible, a Healthcare technology company and the San Diego County Medical Society have teamed up to launch a free pilot program for local employers that reduces healthcare spend by 10-35% and achieves $9 million in healthcare savings. Doctible is inviting San Diego employers to join the pilot program that starts in September.
What market problem is the Doctible, SDCMS pilot addressing?
The problem is two-fold. For employers, their #1 related employee expense is now healthcare, surpassing all other employee related expenses. In response to cost pressures, employers are shifting their employees to cheaper high-deductible healthcare plans and/or going self-insured. For employees, the consequence is they are now on the hook for their own healthcare. In many cases, that out-of-pocket cost is $2,000 – $5,000 for an individual or $7,000-$15,000 for a family before insurance kicks in. At the end of the day, employee insurance premiums plus out-of-pocket costs can add up to the same cost as a new car every year.
Doctible has built technology and a marketplace to facilitate greater price and provider transparency that translates into better interactions with the healthcare ecosystem. The result is reduced out-of-pocket and insurance spend, increased rates of utilization and healthier employees.
What is the primary goal of the Doctible, SDCMS pilot?
The free pilot program will be limited to a select number of employers with the specific goal of achieving $9 million in total healthcare savings for employers and employees. The program will utilize new technology and services that empowers employees with powerful healthcare provider search that exposing pricing, provider ratings and convenient online booking services, in addition to leading edge services, such as telehealth.
Interested companies are encouraged to contact Doctible by September 1, 2015 for consideration. For more information please visit contact Michael@Doctible.com or (619) 752-4888.