The healthcare arena is clearly highly complex for both employers and individual patients. Often patients are subjected to unnecessary tests that can lead to a misdiagnosis and hinder the ability to provide quality care – all compounding overall costs.
Through its robust network of Smart Care Centers, Edison Healthcare helps patients and employers avoid inefficient and unnecessary treatments. The company achieves this by contracting with first-rate hospitals and clinics, and then extends the exclusive benefits from these Smart Care Centers to those participating employers and health plans.
Edison Healthcare’s DNA comes from Tom Emerick, the company’s President and Co-founder, who designed and managed benefits for over 1.0 million employees in the U.S., and 300,000 in international for Walmart Stores.
Walmart's health plan caught the eye of many large self-owned employer groups, and served as the inspiration for replicating this model through Edison Healthcare. This approach is highlighted in Emerick’s book titled, Cracking Health Costs (coauthored with Al Lewis), which talks about “Company-Sponsored Centers of Excellence (CSOEs).”
These CSOE’s represent a handful of hospitals Walmart chooses for employees and their families whose doctors have diagnosed them with certain conditions and recommend surgery. Walmart covers all copays and travel expense for the patient and a companion if they consult with one of CSOEs. This effort caught the attention of Forbes Magazine, The Wall Street Journal, and Fortune.
Edison Healthcare also recently announced that it has chosen Regenexx as their exclusive option for low-cost, effective alternatives to orthopedic surgery. According to a recent press release, Regenexx allows employers to save more than 80 percent on orthopedic costs.
By taking this Smart Care approach on a global scale, Edison Healthcare is pioneering a new level of health care for patients by offering the most affordable medical services for employer groups.
To learn more about Edison Healthcare, please click here.