MILWAUKEE, March 27, 2018 /PRNewswire/ -- Wisconsin-based Trilogy Health Solutions (Trilogy) announced a collaboration with local tech startup Access HealthNet (AHN) on a disruptive workers' compensation program called WC Bundled Payments, aiming to provide a solution to skyrocketing workers' compensation medical costs for self-funded employers and carriers.
Trilogy's expertise in healthcare cost containment solutions and an iteration on AHN's healthcare e-commerce platform come together to form WC Bundled Payments, a program that allows self-funded employers and workers' compensation insurance companies to access fixed-rate, transparent episodes of care to treat injured workers.
Businesses across the state of Wisconsin called on the legislature in December of 2017 in an open letter to implement a medical fee schedule to alleviate the financial pressure of skyrocketing workers' compensation healthcare costs.
According to the Workers Compensation Research lnstitute (WCRI), Wisconsin's medical costs are 46 percent higher than the national median and 61 percent higher from injuries that require more than one week off work.
"Our partnership with AHN is a natural fit," said Trilogy CEO, Bill Felsing. "Bundled rates are emerging as the leading alternative payment model and our product WC Bundled Payments makes it work for employers. High workers' compensation costs are deterring economic development in our state. It's time we look for a solution."
AHN's bundled payment platform hosts hundreds of providers across the state participating in the solution with savings of 20-50% below current work comp best practices.
"We're proactively making Wisconsin a competitive place to start, grow and maintain business operations," said AHN Co-Founder and CEO, Eric Haberichter. "This is the first step towards free-market and improving the delivery of healthcare services to injured workers."
ABOUT WC BUNDLED PAYMENTS: WC Bundled Payments is an innovative marketplace of therapeutic, diagnostic and outpatient surgery providers that compete for workers' compensation services based on bundled and flat rate reimbursement.
ABOUT TRILOGY HEALTH SOLUTIONS: Trilogy Health Solutions, Inc. operates as an independent and comprehensive preferred provider organization (PPO) in Wisconsin, contracted with most of the major hospital systems and medical groups in Wisconsin.
ABOUT ACCESS HEALTHNET: Access HealthNet increases access and affordability in health care through an ecommerce healthcare marketplace that connects value-based providers offering flat-rates and bundles, with self-funded, full-pay entities.
SOURCE Access HealthNet