Feb 19, 2016 - Bloomberg
by Nathaline Richardson
LARGE COMPANIES FORM ALLIANCE TO REIN IN HEALTH COSTS
Twenty of the largest U.S. companies—including Macy's, IBM and Coca-Cola—have
formed an alliance that will use data to improve their employee health-care
benefits outcomes, while controlling costs, according to a recent press release
from the Health Transformation Alliance.
The group said it will focus first on prescription drugs, starting a pilot
in 2017, with additional initiatives in 2018. It hopes to continue to add
members and will expand its medical initiatives in 2018.
The health-care marketplace lags behind other sectors in using data to
identify best treatments, good outcomes and cost reductions, the HTA said.
Employers have become experts in studying data and trends to make business
decisions in a variety of areas, and the HTA will pool data that doesn't
identify individuals and use it to improve the effectiveness of the health-care
supply chain, it said.
Employers currently rely on ga broad range of organizations to procure
health care services, and often these organizations serve interests not aligned
with the interests of employers and the people they employ,h the HTA said. The
coalition will gpool the resources and expertise of its member companies to gain
leverage and create an organization whose sole focus will be to ensure the
health care needs of employees are being met more effectively and
efficiently.h
HTAfs website also includes frequently asked questions about its alliance.
HTA said its alliance was not a multiple employer welfare arrangement since it
didnft assume any financial or performance risk in the delivery of benefits.
Instead, the alliance would facilitate contracting opportunities between the
alliance members and service providers. And in response to a question on the
Affordable Care Act, the HTA said its group was a private sector response to the
issue of health-care costs.
More information is available at http://www.htahealth.com/.