SAN FRANCISCO – (BUSINESS WIRE) – November 1, 2021–
In a national consumer survey, the majority would be interested in joining a direct primary care (CPD) plan if offered by their employer. This is one of the key findings of a recent study by Hint Health, the leading provider of employer-direct membership management, billing and contracting infrastructure for CPD and workforce-based providers. membership. While 68% of the 1,000 survey respondents were initially unfamiliar with the CPD model, once it was explained that the all-inclusive primary care program could reduce costs, improve outcomes and increase satisfaction, 83% of respondents expressed interest in enrolling if CPD was provided through their current or future employer.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20211101005241/en/
A consumer survey by Hint Health found that 83% of employees in the United States would be likely to purchase direct primary care (CPD) membership if their employer offered it. The value-based program improves the quality of care while reducing costs and simultaneously increases patient and provider satisfaction. It can also help employers lower the overall cost of healthcare spending, in addition to saving money through better retention and reduced absenteeism. (Graphic: Business Wire)
“The healthcare industry touts value-based care as a best practice, but it can be intimidating to change from the old outdated fee-for-service model,” said Zak Holdsworth, CEO and co-founder of Hint Health. “Direct primary care takes the guesswork out of the transition and provides a way for physicians and patients to have a better quality of life while focusing more on preventative care and detecting health problems before they become. a major problem. It is critically important that more physicians and employers consider adopting this model to protect the health of consumers and simultaneously get rid of misaligned incentives and unnecessary bureaucracy from the pay-to-pay status quo. act.
Direct primary care, another route to a values-based system of care, is gaining traction among primary care practices and employers across the country, with membership growing over 40% per year. Transparency, the absence of third-party billing and greater availability to serve patients are aspects of great appeal to physicians. However, there is more need to educate patients / staff to make them aware of the benefits, including same day and next day appointments, no co-payment, and telemedicine capabilities. In addition, the potential return on investment for companies incorporating this model is significant. In one case, this advanced primary care model saved an employer 11% per employee per month, and in another scenario, an employer achieved annual savings of $ 913 per member against their PPO plan. Choice existing, not to mention the additional savings resulting from improved recruiting and retention. and lower absenteeism.
Initially released to attendees of the 5th Annual Hint Summit, the first data of its kind also shows that sponsors would be willing to contribute financially to employer-sponsored CPD schemes. Specifically, 30% of respondents with a current or future employer indicated that they would be willing to spend between $ 1 and $ 20 per month, while 33% of them agreed to contribute between $ 20 and $ 50 for the promise of better health care. Only 19% said they wouldn’t sign up if they had to pay for anything.
Health care costs remained the concern in decision making and the main driver of consumer satisfaction. The survey found that patients care about both the overall cost and transparency in understanding hidden charges and surprise bills. When asked what they are currently most dissatisfied with about their current healthcare option, 63% of private healthcare respondents ranked the cost of care as their least favorable aspect.
For more information on the power of DPC, visit www.hint.com.
The online survey, which was completed by 1,000 American adults aged 25 and older, was commissioned by Hint Health and conducted by Dynata, a global market research company, in October 2021. All results were carefully reviewed, analyzed and verified by Hint Health’s data analysis team. .
About Hint Health
Hint Health fuels forward-thinking provider organizations that seek the freedom to operate partially or fully outside of the current insurance system. The HintOS ™ platform eliminates complexity through direct management of consumer memberships and effortlessly scales direct employer contracts for independent provider organizations, including direct primary care (DPC) practices and networks, virtual first aid and nearby / onsite clinics. The HIPAA-compliant ISO27001 / SOC 2 Type 2 certified platform has processed over $ 1 billion in payments and is approaching 1 million lives under management. As a leading authority on CPD, Hint produces Hint Summit, the industry’s largest annual conference.
Backed by leading investors including AXA Venture Partners, Launchpad Digital Health, Meridian Street Capital and Unpopular Ventures, Hint’s vision is to rethink the healthcare system to enable easy access to high quality and affordable care. To learn more, visit www.hint.com and follow @HintHealth.
See the source version on businesswire.com: https://www.businesswire.com/news/home/20211101005241/en/
CONTACT: Katie Johnston
KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA
INDUSTRY KEYWORD: PROFESSIONAL SERVICES HEALTH INSURANCE MANAGED CARE GENERAL PHARMACEUTICAL HEALTH
SOURCE: Health index
Copyright Business Wire 2021.
PUB: 01/11/2021 09:01 / DISC: 01/11/2021 09:02
Copyright Business Wire 2021.