Episode 151
Health Care for Those Who Don't Earn High Wages with Dr. David Berg
One of the scariest times for many workers is being presented with a bill for medical services. Even if they have insurance "coverage", the deductible or co-pay might be more than they can afford. For hourly workers in entry level jobs or low skilled positions, medical bankruptcy is a real fear. While barely making ends meet an additional bill for an ER visit or doctor's office stop can send you to collections and destroy your credit. Unfortunately, a lot of Americans are in this exact spot as they earn a living working these low paying jobs but have little medical security even if their employer provides them with insurance.
A Plan for Those Who are Hourly Workers
Just as I have recently spoken to people like David Contorno and Katy Talento who seek to make business owners more successful with their health plans by direct contracting, sometimes the employer is too small or has low hourly wages to provide health coverage that covers its employees. It's not that employers don't want to provide those benefits for its workers, but just that the packages offered by insurance carriers are too expensive or require large deductibles to make it possible for small businesses to afford. That's where Dr. David Berg and his company, Redirect Health come in to solve this problem.
Redirect Health was designed specifically with small businesses in mind as it utilizes a combination of telehealth and primary care physicians to keep costs down, provide excellent preventative health, and protect workers from costly medical bills. By emphasizing primary care physicians, Redirect Health then helps find affordable alternatives to imaging, laboratories, medications, and the use of specialists to minimize the expensive components of health care.
Redirect Health Has a Mutual Insurance Company
Interestingly, Dr. Berg said they discovered early on that a lot of the insurance they wanted to provide for stop gap loss was costing them a fortune. By creating their own mutual insurance company, they could pool their risk and keep all the funds in house and spool it out at no gain to lower their overall costs. By having a fully transparent insurance carrier, they can offer savings that other companies are unable to provide.
Additionally, Redirect Health also created their own third party administrator in order to streamline the claims process and better help them get a handle on where they can provide less expensive care. It is a really good way to understand where the opportunities are to move employees towards primary care solutions or lower costs solutions to their health care needs.
show notes
Episode 151: Today's show
LinkedIn contact for Dr. Berg
david.berg@redirecthealth.com
Business Owner's Guide to Ending the Fight with Health Care: Dr. Berg's book on how to leverage health care as an advantage for your business.
Redirect Health: David Berg's company where he helps businesses provide care for their hourly workers.
Episode 111: Katy Talento at All Better Health describes how she unbundles insurance.
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