Carrum Health Expands Access to Specialty Care Through New Deal
Transforming Specialty Care Access with Teladoc Health
In a significant development for the healthcare industry, Carrum Health, a frontrunner in value-based Centers of Excellence (COE) for specialty care, has forged a strategic partnership with Teladoc Health (NYSE: TDOC), a global leader in virtual care. This collaboration is designed to provide Teladoc's employer clients and members with an integrated experience when seeking specialty medical services.
A Seamless Referral System
This partnership allows providers at Teladoc Health to effortlessly refer eligible individuals requiring specialty care into Carrum's comprehensive network, which boasts rigorously vetted, high-quality healthcare providers. By utilizing Teladoc Health's Connected Care program, employers can access Carrum's extensive network with ease. The arrangement emphasizes bi-directional care coordination and improved technology integration, ensuring that members receive support throughout their healthcare journey.
Addressing Employer Needs
The partnership responds to a rising demand from employers for cohesive benefits solutions. Recent surveys indicate that a significant percentage of employers express concerns regarding the challenges posed by managing multiple point solutions, which often lack coordination. With over 93 million members, Teladoc Health has the capability to meet this demand by enhancing benefits awareness and improving health engagement.
Streamlined Access to Care
Teladoc Health's unified app aims to provide a simplified user experience, guiding eligible members directly to Carrum's services through a single sign-on system. Members can access a variety of healthcare services, promoting optimal health outcomes. By streamlining the referral process, members who qualify for surgical care, cancer treatment, or substance use treatment can benefit from Carrum's services integrated with Teladoc Health's support.
Enhanced Member Experience
The collaboration aims to create a more integrated experience for customers and members battling multi-condition healthcare needs. According to Kelly Bliss, Teladoc Health's President of U.S. Group Health, they are committed to connecting members with top-tier partners like Carrum Health. This leads to an innovative experience centered on trust and convenience for users.
Cost-Efficiency Through Collaboration
Employers adopting the Connected Care approach will benefit from a simplified contracting process, utilizing existing contracts to engage with Carrum's value-based COE network. Beyond just streamlined contracts, employers will enjoy enhanced clinical, digital, and data integrations that improve member engagement and administration, ultimately leading to significant cost reductions.
Tackling Rising Healthcare Costs
As healthcare expenses rise at alarming rates, predictions suggest that employers may face an 8% increase in costs in the near future. It is essential for employers to implement effective strategies to achieve meaningful reductions in spending. With specialty care accounting for a large portion of healthcare costs, the challenge lies in directing patients to the right specialists while aligning incentives.
Leveraging Data for Better Outcomes
Brent Nicholson, Carrum Health's Co-Founder and Chief Growth Officer, highlights that this partnership tackles the problem of connecting primary care with specialized services. By partnering with Teladoc Health, Carrum aims to enhance member engagement while providing seamless healthcare experiences and realizing substantial savings for employers. This innovative approach seeks to provide measurable outcomes that benefit all parties involved.
About Carrum Health
Carrum Health is revolutionizing healthcare delivery and payment systems. They offer self-insured employers an innovative, value-based COE solution that links members with a carefully selected network of specialty providers. Through all-inclusive bundled pricing, advanced technology, and dedicated care navigation support, Carrum aims to decrease costs for both employers and members while improving the overall healthcare experience. Independently validated, Carrum demonstrates effectiveness in reducing unnecessary procedures and readmission rates significantly.
About Teladoc Health
Empowering individuals to reach their best health, Teladoc Health transforms the healthcare experience globally. As a pioneer in virtual care, they leverage extensive expertise and data insights to enhance healthcare outcomes at every stage of a person's health journey.
Frequently Asked Questions
What is the purpose of the partnership between Carrum Health and Teladoc Health?
The partnership aims to integrate specialty care services for members, making it easier for employers to manage employee healthcare needs effectively.
How does the Connected Care program benefit employers?
Employers can streamline contracting and access Carrum’s specialty care network without the additional administrative burdens, leading to enhanced cost management.
What technology is used in this collaboration?
Teladoc Health uses a unified app to create a seamless experience for members, allowing easy access to Carrum's services through single sign-on functionality.
What kinds of care can eligible members access through this partnership?
Eligible members can access surgical care, cancer care, and substance use treatment referrals, among other health services.
How does Carrum Health ensure quality in its provider network?
Carrum partners with rigorously vetted providers to maintain high standards of care and ensure positive health outcomes for its members.
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