Business
eWellness Adds Self-Insured Employers & Concierge PT Medical Services to its Marketing Strategy
eWellness Adds Self-Insured Employers & Concierge PT Medical Services to its Marketing Strategy.
About this update from Ewellness Healthcare Corp
[{"type":"text","content":"\n \n \n eWellness Adds Self-Insured Employers & Concierge PT Medical Services to its Marketing Strategy\n \n \neWellness Adds Self-Insured Employers & Concierge PT Medical Services to its Marketing Strategy\n \n CULVER CITY, CA--(Marketwired - Jun 9, 2017) - eWellness Healthcare Corporation -- (OTCQB: EWLL) -- a provider of the state of the art PHZIO Platform for the physical therapy and telehealth markets, announced today that it has added the self-insured employer marketplace into its marketing strategy and is actively engaged in business discussions with multiple providers in the administrative services only (ASO) segment of the insurance industry, where EWLL would become the exclusive gatekeeper & provider of physical therapy services.\n ASO contracts are a big part of health insurers' business, representing billions of dollars in annual revenue. ASO plans are also becoming a preferred option for smaller and larger employers alike, in part because of the Patient Protection and Affordable Care Act. As more employers explore the advantages of self-insurance and ASO contracts, insurers know they have to compete to retain or add that business. That means they have to find innovative ways-including wellness programs, accountable-care networks, hospital bill audits and direct contracting with providers in order to appeal to employers and help them reduce costs and improve care.\n Employers of all sizes are moving toward self-insurance. Self-insuring and hiring a third-party administrator under an ASO contract can save employers 10% to 25% on their healthcare costs. That's because insurers build in higher profit margins for fully insured products, partly reflecting the actuarial risk they are taking for higher-than-expected healthcare costs.\n Another big reason is that self-insured company plans are exempt from state insurance regulations and premium taxes under the federal Employee Retirement and Income Security Act. They also are not subject to many of the provisions of the ACA. Experts say healthcare reform has prompted more employers to become self-insured.\n Concierge PT Medical Services: EWLL is intending to provide to ASO's insureds a new and highly unique patient treatment protocol, that includes \"white glove\" concierge in-home or in-office physical therapy assessments and digital care treatments, in order t...