US-based care network, PrimaCare Direct, has launched a new group medical captive, PrimaCare Direct Employer Captive.
The captive is to be managed and underwritten by Roundstone Management of Westlake, Ohio.
Gene Pompili, Roundstone’s Senior Vice President of Sales. “We believe [PrimaCare’s] unique health care delivery system is a great fit with our self-funded medical captive. Everyone's incentives are aligned which should make for very efficient health care delivery."
PrimaCare Direct clinics will provide direct primary care (DPC) services to the group medical captive’s participants.
DPC is a new delivery approach in which primary care doctors help manage patients away from costly chronic diseases and hospitalisations.
Employees receive unlimited primary care visits with no copays, no deductibles, and no co-insurance. This preventive focus ensures long term healthcare cost control while reducing insurance paperwork, claims, and processing time for both doctors and employers.
“This new healthcare purchasing alternative can really help out the small to midsize employer,” said Matt Brandt, CEO of PrimaCare Direct.
“By combining DPC with Roundstone’s group medical captive, we can ensure long term healthcare cost control and return almost all of the savings back to the employer.”
The benefits of a group medical captive include transparency and control over claims, access to specialty service providers, inclusion of specialty clinic bundled rates along with reduced pharmaceutical costs, including rebates sent to the employers rather than insurance companies.
