How costs can be cut via a health care ‘hedge fund’ which is run by former congressman

hedge fund

When Rob Andrews, the previous Congressman of New Jersey was picked for leading the Healthcare Transformation Alliance four years back, there were fifteen firms on board for supporting the effort of the organization in reducing the employer-sponsored health care expenses.

At present, the co-op has extended to fifty-one huge firms with over seven million employees all over the world. The constituent firms of the alliance range from those having six thousand employees, to those having over five hundred thousand employees.

The Healthcare Transformation Alliance, stated that in the last four years it has saved nearly 400 million dollars to its members in overall spending in healthcare, with a team of consultants and only eleven full-time employees.

In a recent interview, Andrews, who gave resignation five years back, told Yahoo that we make comparison with a hedge fund.

We are an agile, lean organization which has to deal with very informed, as well as, sophisticated investors in our case, owners. The organization was called by the former Democratic representative as a “watchdog” for agreements related to health-care.

The data insights and size is being leveraged by the alliance for helping its members save money by means of three crucial areas: specialty drug price negotiation, data analysis, as well as, establishing a digital health marketplace. Employers are helped by the latter in choosing the most effective, as well as, the best digital health tool or seller.

The company has so far collected data on the masses of employees covered reaching millions, and made use of the IBM’s Watson for analyzing the data.

Andres stated that they have a data platform which helps them by showing quite specifically the variations of quality and cost of care across the markets, as well as, across the country.

Shreyas Tanna

About Shreyas Tanna

The winner of Mr. Pune 2009 Pageant, Mr. Shreyas Tanna is currently the young, dashing, and dynamic CEO of a market research company called Research N Reports in Pune. Fondly known as RNR, the company specializes in market research as well as industry analysis, and is closely associated with its parent company Absolute Markets Insights (AMI). Mr. Shreyas Tanna began his corporate journey as the Head of Corporate sales & PR at RED Entertainment while pursuing his degree for MMS (Marketing) from the MGM College of Management, Mumbai. After accomplishing the tedious task of balancing his work and education, he further polished his skills in Corporate Sales, Public Relations, Channel Development, Global Client Engagement, Strategic Consulting, and Brand Development by working with HDFC Life and ResearchMoz Global Pvt. Ltd. His dedication towards his work has even won him accolades such as the National Level Performer 2013 – HDFC Life and Mr. ResearchMoz 2015. A disciplined individual with a loving heart, he is often seen taking crisp walks with an engrossed look and a gentle smile within the premises of his company to interact with the various departments. And he will be usually followed by an adorable trail of his beloved trio of Shih Tzu babies proudly known as Gucci, Drake, and Paris. The most enticing thing that you will notice about this content and proud pet parent is his infectious positivity and the firm belief in his eyes, a reflection of his favorite quote, “LIFE IS BEAUTIFUL!”

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