Health Rosetta & CBS
Health Rosetta is comprised of Benefits Consultants who look at health care differently. Working with employers, they adapt a self-funding strategy which allows total transparency in a health plan so you can see exactly where money goes.
CBS was accepted into the Health Rosetta in December of 2017. Having worked closely with the Health Rosetta Team, Cristy Gupton now leads the Opioid Component Committee which helps Health Rosetta Advisors across the country in best practices, strategies for mitigating risks associated with how the opioid crisis is affecting employers and vetting high-performance vendors who offer programs perfectly suited for those who need to tackle this problem in their own organizations.
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Desoto Memorial Hospital Case Study
Advisory Organization: Mitigate Partners
Headquarters: Arcadia, Florida
Industry: Hospital
Sector: State Hospital District - Governmental, County
Client Size: 220 Employees
Employees on Plan: 160 Employees
Total Lives on Plan: 318 covered members
Plan Funding: Self-funded
Case Study: 10.1.2018 through current
Key Takeaways
Reduced health care spending by 54% or $1.2M by implementing solutions that have been recognized and endorsed by the Health Rosetta. PEPY costs started at $14k and are currently running at $6k PEPY.
Stop loss provided proactive discounts for the proposed model equating to a 58% discount in year 1 translating into a $150k reduction in stop loss premium.
DeSoto was able to reinvest the dividends saved through the health plan into lowering employee contributions and improved plan benefits and member experience, a fundamental component of Health Rosetta-centric plans.
“The less we have to spend on the plan, the more we are able to put back into salaries, back into maybe additional benefits or increasing benefits.”
Lois Hilton, HR Director, DeSoto Memorial Hospital
About Health Rosetta
The Health Rosetta consists of 2 main pillars:
Impact: Health Rosetta Institute – An education/certification entity that is like LEED for healthcare; Media that includes the film and books. The Big Heist is the first fiercely non-partisan film to tackle healthcare. We’re also publishing the CEO’s Guide to Restoring the American Dream: How to deliver world class healthcare to your employees at half the cost;
Investment: Health Rosetta GroupBacking the transformation of healthcare including the Quad Aim Fund, a seed stage venture fund and working with family offices on special purpose vehicle investments in healthcare’s transformation.
Dave Chase, co-founder of the Health Rosetta, gave a TEDx talk featured above entitled “Healthcare Stole the American Dream – Here’s How We Take it Back.” It sums up healthcare’s devastation of the middle class and the redemption coming via a bottom-up movement. Chase was named one of the most influential people in Digital Health due to his entrepreneurial success, speaking & writing.
The Health Rosetta is an open-sourced ecosystem of transparent healthcare advisors, services, vendors and strategies all meant to reduce an employer's total healthcare spend. When most employers look at what providing quality healthcare to their employees will cost in the coming years they are left scratching their heads, wondering how they are going to afford to provide what employees and their families need. Enter the advice from a Health Rosetta Adviser. These are the best of the best, who have blazed the trail toward medical price transparency, direct medical contracting, medical cost containment and have agreed to the highest ethical code of conduct that most insurance "brokers" can't agree to.
CEO'S GUIDE TO RESTORING THE AMERICAN DREAM
OpioId Crisis Wake-Up Call
Chase was named one of the most influential people in Digital Health due to his entrepreneurial success, speaking & writing. He delights in sharing how high-performing organizations have solved healthcare’s toughest challenges. Chase co-authored the healthcare Book of the Year in in 2014 (CEO's Guide to Restoring the American Dream, see below).
By Dave Chase. An inside look at how public and private employers and unions around the country are reducing their spending 20-40% while improving the quality of care, illuminating the path to follow their successes.
Better for the bottom line
Better for your employees' health
Better for your employees' finances
The previous industry publication involving CBS