|[February 27, 2013]
IPG Speaks to TIME Special Report - Bitter Pill: Why Medical Bills Are Killing Us
ATLANTA --(Business Wire)--
IPG, the leading nationwide provider of implantable Device Benefit
Management™ (DBM) solutions speaks to the special report in the new
issue of TIME magazine, Bitter Pill: Why Medical B ills Are Killing Us.
In the new issue, journalist Steven Brill explores the problem of rising
medical bills, examining who is setting such high prices and pocketing
the biggest profits.
The TIME Special Report brings critical transparency and awareness to
why our healthcare costs in the United States continue to rise at an
astronomical rate. IPG has deployed a proven specialty management model
that has provided the industry with visibility to cost and quality
standards associated with implant and surgical procedures, to ultimately
drive appropriate procedures while improving safety standards.
"We are implementing programs that are proven to reduce medical costs.
It's the only way to make health insurance affordable over the long
term," said Jay Ethridge, President and CEO of IPG. "We are working
collaboratively with health plans, physicians and healthcare providers
to implement payment models that reward quality outcomes and hold down
costs, giving employers and consumers more tools and information than
ever to help them make smarter health care decisions."
In the TIME Special Report, a patient was charged $50,000 for a
neurostimulator - "The big-ticket item for Steve H.'s day at Mercy
was the Stimulator, and that's where most of Mercy's profit was
collected durin his brief visit. The bill for that was $49,237."
Using their proven implant management model and data driven
intelligence, IPG addresses this problem directly. IPG is delivering
similar benefits related to implants that Pharmacy Benefit Managers
(Express Scripts, CVS Caremark, Catamaran) did in the pharmacy and
specialty drug space. Working with their partners to drive medical
policy and network construction, IPG are successfully removing excess
cost out of the device related claims expense. With actuarially
validated savings in excess of 20%, IPG have demonstrated significant
value to their health plan partners, employers and healthcare providers
to address these rising costs, subsequently providing patients access to
more affordable and quality care. To view a copy of the full TIME
Special Report, please visit http://healthland.time.com/2013/02/20/bitter-pill-why-medical-bills-are-killing-us/#ixzz2Lq3iyRlt.
Selected to speak on an upcoming segment to air on Fox News, CNBC and
Bloomberg (News - Alert) on Device Management Solutions to Meet Today's Healthcare
Challenges, IPG will speak about solutions to effectively drive costs
out of the system and lower medical bills for consumers.
As the Device Benefit Management (DBM) leader, IPG provides transparent
end-to-end implant management and predictive analytical solutions,
establishing the industry standard around cost, quality and safety to
drive accessibility and affordability of care. The company has pioneered
a unique DBM model which streamlines the management and delivery of
implantable devices by working directly with health plans, clinical
providers, facilities and medical device manufacturers. IPG delivers
implant intelligence surrounding the overall cost and quality of
healthcare being delivered, adding transparency and predictability of
spend in tandem with the implementation of quality and safety metrics
necessary to drive and reward best practices. Through collaborative
partnerships that drive physician alignment, and employer and patient
satisfaction, this approach ensures that patients receive increased
access to affordable and innovative life-saving and life-enhancing
device-intensive medical therapies. For more information about IPG, call
us at 1-866-753-0046, or visit us on the web at www.ipg.com.
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