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The Company That Solved Health Care: How Serigraph Dramatically Reduced Skyrocketing Costs While Providing Better Care, and How ,New
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Even with new healthcare policies, 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. Health care, one of corporate America's largest expenses, is growing at doubledigit rates, and nothing done in Washington will change that.But one mediumsize company set out to tame the beast of rising healthcare costs, employing best practices and cuttingedge ideas. The results have caused others to sit up and take notice. Serigraph, Inc., a Wisconsinbased 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 health care for its employees. The implications for corporate America are staggeringthe 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 percentconsumer 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 Health Care describes the fascinating details of Serigraphs program, and shows how any company can achieve similar results. This book is essential reading for any manager responsible for his or her companys 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.
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