Healthcare solutions company Redirect Health has partnered with Risk Management Advisors, to add health plan products that lower the cost of premiums and out-of-pocket costs for small and medium-sized businesses (SMBs).
Through this partnership, Redirect Health aims to create additional health plans specifically designed for SMBs, allowing them to provide more affordable options for their employees, while offsetting the risk that also allows stability in pricing year-to-year.
Redirect Health says unaffordable and uncollectable patient out-of-pockets have long been a roadblock for healthcare providers and hospitals interested in helping their communities control healthcare costs.
The combination of a value-based cost control system with Risk Management Advisors' captive insurance management will allow quick and certain transfer of funds between members, claims accounts and providers, while significantly streamlining the de-risking process, Redirect Health adds.
Dr David Berg, CEO and co-founder at Redirect Health, says: "This collaboration will greatly benefit our customers, as we are able to further reduce out-of-pocket costs for our members and make care more accessible, while increasing coverage across the US. This expansion of product offerings will give companies more affordable and accessible solutions to meet their workforces’ diverse coverage needs."
R. Wesley Sierk, president and co-founder of Risk Management Advisors, says: "We take great pride in our advisory strategies. Our consulting and design teams have taken great care in strategising the best captive products for Redirect Health, and we're looking forward to continuing this collaboration."
