The costs of healthcare in the U.S. are higher than in any other country in the world, placing an enormous burden on today's U.S. companies that fund their employees' healthcare, in addition to the employees themselves who have become responsible for more and more of their own medical expenses
San Diego, CA (PRWEB) March 2, 2009
Satori World Medical, a new global healthcare company in the emerging multi-billion dollar medical tourism industry, announced that it has executed an agreement with McGregor & Associates, Inc., an employee benefits consulting firm specializing in servicing public sector employers, to offer Satori's innovative payer-supported, employer-sponsored and consumer-choice global healthcare network to thousands of McGregor & Associates' contracted employers and employees, as well as its own staff.
"The costs of healthcare in the U.S. are higher than in any other country in the world, placing an enormous burden on today's U.S. companies that fund their employees' healthcare, in addition to the employees themselves who have become responsible for more and more of their own medical expenses," stated President of McGregor & Associates, George McGregor, MBA, CPA. McGregor is also General Manager of the Southern California Schools Voluntary Employees' Benefits Association (VEBA), administrator of the California Public Employers Employees Health Care Coalition, and administrator of the SDCS-SDEA, a Joint Retiree Medical Benefits Trust.
He continued, "As an organization committed to its customers and their employees, ensuring that the quality they get through international hospitals is equal to or better than the care they could receive in the U.S. was the number one decision criteria upon selecting Satori World Medical. Satori World Medical has the most sophisticated quality assurance process of all of the competitors that I reviewed that operate in this space."
Through its global network of board certfied doctors and Joint Commission International (JCI)- accredited, state-of-the-art hospitals, Satori World Medical provides a comprehensive, high quality and integrated medical benefit program that reduces the costs of selected surgical procedures over 50 percent. The savings generated are shared with all stakeholders, while a portion of the savings, for the first time is deposited for an employee in a tax-advantaged Health Reimbursement Account (HRA). With Satori World Medical's innovative Health & Shared Wealth Program™, everyone benefits.
Other key benefits to U.S. employers are as follows.
- Ability to compete better globally: Global healthcare models result in major economic benefits for U.S. companies because the costs of their employees' healthcare are greatly reduced. U.S. companies have access to same quality healthcare at a much lower expense, and as a result, companies can be more profitable and competitive globally.
- Improved employee retention and satisfaction: An organization's financial strength is built and reinforced by reducing costs and investing in the financial security and well-being of its workforce. Therefore, companies that offer a global healthcare benefit option to their employees can greatly strengthen the overall morale and productivity of their workforce. This is a new medical benefit at no cost to the employer or employee.
- Seamless integration with any existing medical plan: A global healthcare benefit program can be seamlessly added to an employer's existing employee benefit program and without any startup or ongoing expenses for the employer. This medical benefit is in addition to the medical plan that is currently in place.
- Single bill for employee claims: When considering the implementation of a global healthcare benefit program, one common concern among employers is whether or not significant internal resources and staff to administer patient claims and billing are involved. Satori World Medical meets this challenge by handling the entire billing process for the employer, in which a single bill in U.S. dollars is provided for all services rendered, thus reducing company claims processing costs and with no foreign currency exchange fluctuations.
Steven Lash, President & CEO of Satori World Medical, concluded, "We are extremely excited about our partnership with McGregor & Associates because we believe our program will allow them to significantly improve the quality of their participating employers' benefit administration processes, as well as their own, resulting in improved value and reduced costs across the board. McGregor & Associates understands the importance of providing quality improvement solutions that increase employee and customer satisfaction, competitiveness, and financial performance."
About Satori World Medical
Satori World Medical is a payer-supported, employer-sponsored, consumer choice global healthcare network that provides all stakeholders with world-class quality healthcare, excellent service, and significant financial benefit. Satori World Medical is a leader in the globalization of healthcare services through its innovative, patent-pending Business and Care model, the Health & Shared Wealth Program™, which provides consumer choice for quality medical travel. For more information about Satori World Medical, please call +1 (619) 704-2000 or visit the company's Web site at http://www.satoriworldmedical.com.
About McGregor & Associates, Inc.
McGregor & Associates, Inc. is a healthcare benefit consulting firm dedicated to providing a full range of services related to the employee benefits arena. The organization prides itself in listening to client needs and then providing best-in-class quality improvement solutions, which improve employee and customer satisfaction, competitiveness, and financial performance. For more information, please visit the company's Web site at http://mcgregorinc.com/firm.html.