Friends,
This episode is a must-listen, not only for healthcare leaders, but for CEO’s, CFO’s and CHRO’s of every self-insured employer in the US.
One of the most crippling problems in American healthcare is the cost of care through self-insured employers – which is how approximately 40% of all healthcare is paid for in the US. As our guest puts it, “Healthcare is unaffordable for individuals, unaffordable for employers, and unaffordable for the country.” And he’s not exaggerating. There are over 100 million American adults who are in medical debt. And there is abundant evidence that healthcare costs have greatly suppressed wages for decades. There are three important things to note about this. First, employee healthcare costs were largely inflated through decades of mismanagement. Second, due to the Consolidated Appropriations Act (CAA), self-insured employers are now going to be held accountable for the fiduciary responsibility of their employees’ healthcare costs – the recent class action suit against J&J is an example of that. Third, there are solutions out there, including the one we’re going to be talking about today – a highly innovative company called Transcarent.
Our guest on this episode is Glen Tullman, the CEO of Transcarent. Glen is the former Executive Chairman, CEO & Founder of Livongo Health which was sold to Teladoc. He previously led two other public companies that changed the way health care is delivered – Allscripts and Enterprise Systems. Glen is also a Founding Partner at 7WireVentures, a socially-minded venture capital fund. He is the author of ‘On Our Terms: Empowering the New Health Consumer’; and he has received numerous public recognitions including the Robert F. Kennedy Human Rights Ripple of Hope Award in 2019.
Our discussion will include:
(1) The groundbreaking ‘platform’ approach Transcarent is taking in delivering healthcare to self-insured employers and their employees.
(2) Transcarent’s customized, guided, ‘care-experience’ – a one-stop shop that transcends the one-off, point-solution problem that has plagued digital healthcare.
(3) The 5 “pillar” offerings or services that Transcarent delivers.
(4) A discussion on Transcarent’s new ‘weight health’ offering.
(5) How Transcarent is a remarkably timed solution for self-insured employers who now have fiduciary responsibility for their employees’ healthcare costs.
I’ve written about Transcarent numerous times, and for good reason. It’s a brilliant advance in healthcare delivery and it’s incredibly well timed to meet the healthcare needs of self-insured employers. I’ve labeled my previous interviews with Glen Tullman as ‘Master Classes’. This one is exactly that – a ‘Master Class’ for healthcare leaders. But, it’s also a must-listen for CEO’s, CFO’s and CHRO’s of all self-insured employers in the US.
Zeev Neuwirth, MD
Creating a New Healthcare