The Healthcare Transformation Alliance, led by former N.J. Congressman Rob Andrews, has saved its members at least $400 million in overall health care spending.
When former New Jersey Congressman Rob Andrews was picked to head the Healthcare Transformation Alliance in 2015, 15 companies were on board to support the organization’s effort to reduce employer-sponsored health care costs.
“We are a lean, agile organization that deals with very sophisticated and informed investors, in their case, in our case, owners,” the former Democratic representative said, calling the organization a “watchdog” for health-care related agreements. “We now the realtime ability to evaluate the quality and cost of providers and to educate members on where they can get the best outcomes.”Simply having the data doesn’t mean employers or employees will follow the recommendations, but it could inform future health plan designs.
Now, the HTA is focused on specialty drug costs, which are among the highest costs for employers. The organization is figuring out how to negotiate a better price for them, and is targeting 2021 for rolling out a plan for doing so.
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