I’m currently trying to highlight innovative arrangements between employers and health care organizations that reduce cost, make use of Centers of Excellence, and generally move health care in a better direction.
In early 2010, Lowes cut a deal with Cleveland Clinic for cardiac surgeries. Lowes pays a bundled rate that is lower than it would otherwise be. Employees or family members who need the surgery and choose Cleveland Clinic have their $500 co-pay waived – in other words, the surgery at Cleveland is “free” – and their airfare and local expenses in Cleveland are covered.
So far the program has been a success for Lowes, saving money and boosting employee morale. Cleveland Clinic obviously shines as well.
See the Lowes promo below.