Whether or not healthcare legislation passes, one thing is clear: healthcare costs will continue to rise dramatically. While individuals may get better coverage, businesses will have the same
problem they've had for the last four decades. Healthcare, one of corporate America's largest expenses, is growing at double-digit rates, and nothing proposed in Washington will change
that.
But one medium-size company set out to tame the beast of rising healthcare costs, employing best practices and cutting-edge ideas. The results have caused others to sit up and take notice.
Serigraph, Inc., a Wisconsin-based manufacturer of decorative parts, and its chairman, John Torinus, did what Washington can't or won't do: reduce cost increases to less than 2 percent while
improving the quality of healthcare for its employees. The implications for corporate America are staggering--the opportunity for genuine reform in an expense category that has been spiraling
out of control.
Serigraph began its initiative to control healthcare costs in 2003, when its annual healthcare bill was ＄5 million and another ＄750,000 was needed for the projected 15 percent annual
increase. The company employed three strategies for reform, each of which can cut the healthcare bill by 20 percent to 40 percent--consumer responsibility, the primacy of primary over
specialty care and centers of value. Applied in concert with other management methods, these three approaches almost eliminated growth in healthcare costs while improving the quality of
employee care. The results are documented. They are beyond refute.
The Company That Solved Healthcare describes the fascinating details of Serigraph’s program, and shows how any company can achieve similar results. This book is essential reading for any
manager responsible for his or her company’s healthcare expenses, any academic or thinker involved in the healthcare debate and anyone who wants to better understand why healthcare costs have
been rising and what can be done to achieve price stability while improving patient care.
