It only takes a Madaket Minute to spotlight a true healthcare disruptor.
First Choice Health is shaking up traditional insurance models and taking control of rising healthcare costs.
How is a direct-to-employer healthcare model putting providers in the driver’s seat while slashing costs for employers? Hint: it’s about cutting out the middlemen and building stronger patient-provider connections.
Curious? In just a Madaket Minute, we’ll give you a glimpse of how First Choice Health is leading the charge toward more affordable and higher-quality care. This is one innovation you need to know about!
Stay tuned for a Madaket Minute packed with insights that matter.
Read the video transcript below and subscribe to Madaket Health on YouTube.
Explore Madaket Health Solutions Now
Video Transcript:
We’re all a little fatigued hearing that healthcare costs are rising, but who is doing anything about it?
Well there’s a growing disrupter of traditional insurance models that’s steadily expanding its presence across the US. You might have heard of them – First Choice Health.
Headquartered in Seattle as the largest independent network west of the Mississippi, First Choice Health made its start in the Northeast, expanded into the Midwest, and is already in discussions with health systems and health plans in the Mid-South and Southwest.
So what are they doing that’s catching people’s attention?
As a 100% hospital and physician owned company, they’re offering direct-to-employer health care that allows providers to exert greater control over how and where care is delivered, which increases the connection between patients and providers. It also significantly reduces the cost to employers, while having better pricing for providers because insurance companies are not part of the payment model. By creating their own clinically integrated network and providing their own health plan administration, medical management, and employee assistance program, they’ve significantly reduced provider friction and simplified steps for providers that would otherwise be required when contracting with insurers.
This couldn’t come at a better time when employer healthcare costs are projected to rise 9% in 2025, and 75% of employers have either thought about or used direct contracting, with another 41% that are likely to do the same by 2025.
With innovative leaders like Jaja Okigwe, President & CEO of First Choice Health, and Anisha Sood, Chief Financial & Strategy Officer, among other outperforming executives in their field, their direct-to-employer platform is making a significant impact on stakeholders nationwide by prioritizing high-quality, affordable care.
We’re excited to watch First Choice Health’s progress as they encourage hospitals and health systems to embrace the feeling of discomfort in the short term to reap the benefits in the long term.
