At a time when health insurance premiums and costs for individuals and employers are rising every year, it’s good to see some companies doing the right thing for their employees. At an increasing rate, companies like Radeas are flipping the script on this trend by providing proactive treatment focused health insurance options at no additional cost compared to traditional plans.
Radeas, a North Carolina based clinical laboratory has recently partnered with Fountain Health to deliver preventative care centered health insurance coverage to all employees in the company. Fountain Health is committed to spending a portion of all premiums on diagnostic testing for employees to detect issues earlier than would be possible through just an annual physical – all within a similar cost model comparable to other health insurance providers.
According to Fountain Health, only about 3% of traditional health insurance spend is on prevention. In comparison, their plan focuses up to 27% of spend on prevention. While also covering doctor, hospital and pharmacy costs, early detection helps prevent those incidents from ever occurring. For example, Stage 1 Cancer in the lung, bladder, prostate, brain or thyroid has an average cost to treat of $217,800; but when discovered at an early stage that average cost drops down to $65,867. That’s $151,933 in savings and potentially life saving early-detection all because preventative health procedures are covered with plans like these. (Reference)
According to Will Clark, Vice President of Business Development at Radeas, “Due to the nature of our business, we often see first-hand the importance of detecting health issues early. Once you start seeing similar health challenges in your own employees, there’s a point where you must step in. That’s why we decided to do whatever it takes to provide our employees and their families access to the level of preventative care that is so critical to living a long, healthy life without raising premiums from the more traditional plans we’ve used in the past.” Some of the life-saving services covered by Fountain Health such as brain MRI and bone density and metabolic scans are not covered by traditional health insurance plans – leaving patients to pay for these critical services on their own. “We hope that other companies will follow suit to work together with their employees like we have to ensure everyone, not just the executives, receive more comprehensive healthcare coverage at an affordable cost.”
Radeas is a privately owned lab-testing company headquartered in Wake Forest, NC. Founded in 2013, Radeas now operates in over 40 states offering innovative toxicology testing, infectious disease testing, clinical labs, and mobile laboratory solutions nationwide.
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Company Name: Radeas
Contact Person: Charlie Matthews
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Phone: 919-495-0389
Country: United States
Website: http://www.radeas.com
