Today, four condition categories — cancer, musculoskeletal, cardiology and kidney — drive a quarter of all health care spending, accounting for $455 billion annually.1 A large majority of employers (87%) are concerned with costs related to these conditions.2 Likewise, these conditions are overwhelming for individuals and their families. They don’t understand what their insurance covers […]
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Complex, costly conditions take an enormous toll on those who have them — and on their family members. The four condition categories — cancer, musculoskeletal issues, cardiac conditions and renal disease — account for $455 billion in annual health care spending.1 Not surprisingly, nearly nine out of 10 employers are concerned about costs related to […]
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It’s not news that health care costs are rising. But did you know that a handful of costly, complex conditions are driving a quarter of the total health care spending in the United States?1 Four condition categories are responsible for driving roughly $455 billion dollars in costs: cancer, cardiovascular disease, musculoskeletal conditions and kidney disease. […]
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By: Zahoor Elahi, Senior Vice President, Strategic Product Management, Optum This is the final blog of our eight part series “Bending the Cost Curve with Comprehensive Sourcing.” Once you’ve considered how comprehensive sourcing can maximize cost savings beyond traditional models, what do you do next? It’s time to make a five-point readiness plan based on […]
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By: Brian Murray, Senior Vice President, Optum This is the 7th blog of our eight part series “Bending the Cost Curve with Comprehensive Sourcing.” You may see the benefits of comprehensive sourcing, but what will it take to gain traction for the approach internally? Here is what payers tell us they want, and these insights […]
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By: Michael Wentzien, Vice President, Optum Advisory Services and Robert Adams, Vice President, Optum Advisory Services This is the 6th blog of our eight part series “Bending the Cost Curve with Comprehensive Sourcing.” Ever feel like the cost calculators many purchasers use aren’t capturing the full value you deliver? That’s the situation many payers face […]
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By: Donna Holmes, Senior Vice President, Optum Advisory Services This is the 5th blog of our eight part series “Bending the Cost Curve with Comprehensive Sourcing.” Reducing total cost of ownership requires a keen understanding of the health plan’s cost structure and the ability to identify the value drivers that can be improved. Are you […]
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By: Liz Farrell, Director, Strategic Product Management, Optum and Belur Manjappa Chittaranjan, Vice President, Strategic Product Management, Optum This is the 4th blog of our eight part series “Bending the Cost Curve with Comprehensive Sourcing.” Business Process Outsourcing (BPO) is a recognized approach to reduce costs. Across industries, organizations have seen the value of having […]
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By: Zahoor Elahi, Senior Vice President, Strategic Product Management, Optum This is the 3rd blog of our eight part series “Bending the Cost Curve with Comprehensive Sourcing.” What are payer stakeholders focusing on to achieve significant cost savings? The Everest research identified several imperatives, which likely resonate with your executive leadership team: Focus on cost […]
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By: Eric Peterson, Vice President of Health Care Operations Marketing, Optum This is the 2nd blog of our eight part series “Bending the Cost Curve with Comprehensive Sourcing.” When you think of effective sourcing, likely the focus is reducing administrative costs. From claims administration to customer service to IT support, specific cost reduction efforts have […]
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