Vivian Lee, MD, president of health platforms at Verily and a senior lecturer at Harvard Medical School in Boston, said partnering with hospitals and health systems could help employers better manage their healthcare costs and premiums. Health insurance premiums are slated to rise in 2021, largely driven up by the sheer uncertainty of setting rates amid a pandemic.
Dr. Lee said employers shouldn’t settle for a short-term fix like raising copayments, deductibles and out-of-pocket expenses for 2021, which may reduce costs immediately but could lead to employees putting off treatment and higher costs down the road. Rather, one thing they should do, in addition to using digital health and being rigorous about their health benefit purchases, is look at new partnerships with hospitals and health systems.
Dr. Lee said employers and hospitals can use partnerships to learn from each other about how to improve operations. Employers, for one, can offer their industry-specific knowledge to hospitals that may inform them how to provide more cost-effective and patient-friendly care. She added that if employers serve on hospital committees or governing boards, employers can better understand the care their employees are receiving.
“If the CEOs of businesses have much to learn about healthcare, perhaps healthcare has much to learn from these CEOs,” Dr. Lee said.
Read the full article here.
More articles on leadership:
Leadership advice from 9 women across Yale New Haven Health
Medical journal peer-review process questioned after study retractions
Erlanger board approves new 2-year contract with CEO