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Hint Summit 2017 Health Rosetta Institute Ecosystem overview - Dave Chase april 2017

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Overview of the Health Rosetta Ecosystem

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Hint Summit 2017 Health Rosetta Institute Ecosystem overview - Dave Chase april 2017

  1. 1. HOW TO DELIVER WORLD CLASS HEALTHCARE TO YOUR EMPLOYEES AT HALF THE COSTCEO’S GUIDE TO
  2. 2. HEALTHCARE COLLATERAL DAMAGE $1M LESS SAVED FOR RETIREMENT BY AVG BABY BOOMER FAMILY DUE TO 20+ YEAR WAGE STAGNATION/DECLINE 70% OF AMERICAN HOUSEHOLDS HAVE LESS THAN $1K IN SAVINGS
  3. 3. August 25, 2016
  4. 4. LARGEST GENERATION IN HISTORY (MILLENNIALS) OVER HALF OF LIFETIME EARNINGS SLATED FOR HC MEDICARE TAXES & PREMIUMS DEDUCTIBLES & OUT-OF-POCKET EXPENSES INSURANCE PREMIUMS EMPLOYER PREMIUMS EMPLOYER MEDICAID TAXES FEDERAL & STATE TAXES VISIBLE PAYMENTS $.6M HIDDEN PAYMENTS $1.3M + $1.9MGRAND TOTAL TOTAL LIFETIME EARNINGS $3.8M
  5. 5. THE FUTURE HEALTH ECOSYSTEM WILL FOCUS ON TRUE DRIVERS OF OUTCOMES HEALTHY CITIZENS ARE THE GREATEST ASSET ANY COUNTRY CAN HAVE – WINSTON CHURCHILL
  6. 6. CATASTROPHIC MISALLOCATION OF RESOURCES +37% HEALTHCARE SPENDING -50% LOCAL AID -31% PUBLIC HEALTH -22% MENTAL HEALTH -14% INFRASTRUCTURE, HOUSING & ECON. DEV. -13% LAW & PUBLIC SAFETY -12% EDUCATION -11% HUMAN SERVICES HEALTHCARE SPENDING DEVASTATES SOCIAL DETERMINANTS OF HEALTH (FY01 - FY14 - STATE OF MASSACHUSETTS)
  7. 7. 50+ years of optimizing for flawed financial incentives. Healthcare’s root cause of “morbidly obese” healthcare system Operational waste Clinical waste Paid for volumeCost-plus models Would be world’s 16th largest economy
  8. 8. Who pays for healthcare $2.7T in annual spending (2014) (excluding pharma) Government 48% Employers 52% ($1.4T) Medicare 24.8% Medicaid 19% Fully insured 19.7% Self-insured 32% Least flexibility Most homogenous Most politicized Most flexibility Least homogenous Least politicized Other 4.5%
  9. 9. $191B Operations waste Fraud Excessive admin costs Unnecessarily high prices 28% of $1.4T is systemic “obesity” $204B Clinical waste Unnecessary services Inefficient delivery Missed prevention $395 B annually in employer segment Individual behaviors like obesity = ~$200B
  10. 10. ECONOMIC DEVELOPMENT 3.0: PLAYING THE HEALTH CARD
  11. 11. HEALTH ROSETTA ECOSYSTEM MULTI-CHANNEL MEDIA (BOOK, FILM, BEST PRACTICES) EDUCATION & CERTIFICATIONS FINANCIAL RETURN ON FOCUSED CAPITALGROUND BATTLE AIR COVER FOCUSED ON SCALING ADOPTION OF PROVEN FIXES TO THE ROOT CAUSES OF HEALTHCARE’S DYSFUNCTION. A LEED-LIKE BLUEPRINT FOR PURCHASING HEALTHCARE BENEFITS.
  12. 12. BLUEPRINT TO ENABLE EVERY GROUP HEALTH BENEFITS PURCHASER TO ADOPT PROVEN SOLUTIONS RESTORE THE AMERICAN DREAM FOR EMPLOYEES/MEMBERS OF PRIVATE & PUBLIC SECTOR EMPLOYERS/UNIONS, REGARDLESS OF EMPLOYER SIZE/INDUSTRY MODERN BENEFITS PLANS HAVE REDUCED COSTS 20-55%, WHILE SIGNIFICANTLY IMPROVING HEALTH OUTCOMES
  13. 13. SCALE SUCCESSFUL MODELS VIA LEED-LIKE ECOSYSTEM FOR PURCHASING BENEFITS 1. GOOD HOUSEKEEPING STAMP OF APPROVAL CREATES TRUST & CLARITY 2. VOLUNTARY 3RD-PARTY CERTIFIED ECOSYSTEM & NETWORK DRIVES ADOPTION CATEGORIES OF CERTIFICATIONS IN 3 PHASES 1. PEOPLE: BENEFITS CONSULTANTS, PURCHASERS, TOPICAL EXPERTS 2. PRODUCTS/SERVICES: BENEFIT PLAN COMPONENTS (E.G. PRIMARY CARE, MSK) CARE PROVIDERS, TECHNOLOGY (E.G. PAYMENT INTEGRITY) 3. PLACES (REAL ESTATE COMMUNITIES (E.G. SENIOR HOUSING), TOWNS, SCHOOLS
  14. 14. WHY GROUP PURCHASERS? DESIRE & PURCHASING POWER 1. SHOULDERING INCREASING COSTS 2. ABLE TO CHANGE INCREMENTALLY 3. EACH ACTS INDEPENDENTLY WE PROVIDE WHAT THEY LACK • INDEPENDENT VETTING: TRUSTED ADVISORS, PRODUCTS, SOLUTIONS & OTHERS • KNOW-HOW: BLUEPRINTS AND BEST PRACTICES • GUIDANCE: OVERCOME RETENTION FEARS & INCREASE MARKET EXPECTATIONS
  15. 15. BEACHHEAD CERTIFICATION CERTIFIED BENEFITS CONSULTANTS ACCELERATE THE TRANSITION OF BENEFITS ADVISING IN THE MODERN WORLD: FROM BROKER (LIKE 80’S STOCKBROKERS) TO FIDUCIARY/ADVISOR (LIKE FINANCIAL ADVISORS) WHY START HERE? • LARGE INFLUENCE ON PURCHASING DECISIONS • EMERGING MARKET PRESSURE TO MAKE THIS CHANGE
  16. 16. Twitter/LinkedIn/Gmail: chasedave Health Rosetta Institute: www.healthrosetta.org Health Rosetta Group: www.healthrosetta.com The Big Heist: www.bigheistmovie.com

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