Strategic Radiology Launches SR Well being to Cut back Member Well being Insurance coverage Prices

DALLAS (PRWEB) January 10, 2023

On Jan. 1, 2023, Strategic Radiology (SR) launched SR Well being, a self-funded health-care captive for its impartial non-public observe membership. In making a captive insurance coverage plan, the coalition anticipates members to realize as much as 30% or extra financial savings on premiums, better management of protection choices, and visibility into plan information.

“The price of medical health insurance has turn into a ache level not only for non-public observe radiology, however for all employers within the U.S.,” mentioned Scott Bundy, MD, FACR, CEO and Chair, Strategic Radiology (SR). “Our practices got here collectively, educated themselves on the choices, and constructed an insurance coverage captive program that may decrease prices and enhance flexibility for our member teams. In exercising an possession mentality, Strategic Radiology member teams will reap vital price financial savings and plan management.”

Eight member teams with a complete of two,000 coated lives are presently receiving advantages below the plan with many extra of the 33 member teams anticipated to be onboarded all through 2023 when present contracts expire. 5 absolutely vetted best-in-class contracted firms present the next providers: a captive analyst and program supervisor; a reinsurance supplier; a pharmacy advantages supervisor; a third-party administrator; and a nationwide dealer.

The plan was researched and constructed throughout 2022 by the SR Captive Governance Committee, with illustration from member teams and led by Dr. Bundy and Barbara Perez Deppman, FRBMA, FACHE, SR COO. “Our group labored with insurance coverage brokers and consultants to determine and interview potential companions with deep expertise within the impartial insurance coverage market,” mentioned Ms. Deppman. “This program is a testomony to the collaborative effectiveness of our owner-members.”

Strategic Radiology leveraged the collective scale of member teams to share threat within the captive layer and associate with best-in-class distributors to considerably cut back total prices. With the steering of a seasoned captive administration advisory group, the plan was constructed to maximise worth and management on the native particular person observe degree, reduce disruption of entry to present suppliers, and preserve financial equity between high-claims and low-claims teams.

About Strategic Radiology

Strategic Radiology (SR) is a nationwide coalition of 33 privately owned, impartial, radiology practices representing 1500+ radiologists which have come collectively to enhance high quality, acquire operational efficiencies, and innovate the way forward for radiology’s non-public observe mannequin. SR established the nation’s first imaging-specific PSO listed by the Company for Healthcare Analysis and High quality and likewise gives its member teams worth via shared financial savings by way of a bunch buying program, strategic partnerships, and proprietary services. To study extra, go to http://www.StrategicRadiology.org and comply with SR on LinkedIn, Twitter, and Instagram.

SR Members:

Superior Radiology Providers; Grand Rapids, MI
ARA Well being Specialists; Asheville, NC
Casper Medical Imaging and Outpatient Radiology; Casper, WY
Catawba Radiology Associates; Hickory, NC
Central Illinois Radiological Associates; Peoria, IL
Chesapeake Medical Imaging; Annapolis, MD
Delaney Radiology; Wilmington, NC
Diagnostic Imaging Northwest; Portland, OR
Gaston Radiology; Gastonia, NC
The Hill Medical Company; Pasadena, CA
Huron Valley Radiology; Ann Arbor, MI
Mecklenburg Radiology Associates; Charlotte, NC
Medical Middle Radiology Group; Orlando, FL
Mountain Medical Doctor Specialists; Salt Lake Metropolis, UT
Naugatuck Valley Radiological Associates; Waterbury, CT
Northwest Radiology; Indianapolis, IN
Quantum Radiology; Atlanta, GA
Radiologic Medical Providers; Iowa Metropolis, IA
Radiology Associates; Corpus Christi, TX
Radiology Associates; Jeffersonville, IN
Radiology Associates of Albuquerque; Albuquerque, NM
Radiology Associates of Macon; Macon, GA
Radiology Associates of North Texas; Dallas/Fort Value, TX
Radiology Associates of Richmond; Richmond, VA
Radiology Associates of Tallahassee; Tallahassee, FL
Radiology Consultants of Lynchburg; Lynchburg, VA
Rome Radiology Group; Rome, GA
Southeast Radiology, Ltd.; Glen Mills, PA
Southern Radiology Consultants; Baton Rouge, LA
Tower Imaging Medical Group; Santa Monica, CA
Triad Radiology Associates; Winston-Salem, NC
United Imaging Consultants; Mission, KS
X-Ray Consultants; South Bend, IN

Learn the complete story at https://www.prweb.com/releases/strategic_radiology_launches_sr_health_to_reduce_member_health_insurance_costs/prweb19105632.htm

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