The Inverse Relationship Between Cost and Quality In The Healthcare Industry, Explained by John Quinn
Description
Welcome to Season 2 of Impact Healthcare! On this episode, Lester sits down with John Quinn, CEO of Wellnecity. Together, they discuss his transition from management consulting to health insurance. John explains how healthcare cost are more controllable then ever and the importance of data in reducing expenditure. He also provides employers with actionable strategies they can implement to improve quality of care at a fraction of the cost of their current health plan. Lastly, he leaves listeners with a few words of wisdom for employers and advisers based on his experience in the industry.
Show Notes: John kicks off the episode by discussing his company (1:09 ), as well his past role as a management consultant. (2:40 ) They then dive right into how healthcare costs are now more controllable than ever (5:08 ) and how carriers are not incentivized to help employers save money. (13:55 ) John walks through exactly how he helps organizations optimize their health benefits (16:00 ) and how certain employers were able to positively impact their employees healthcare during the COVID pandemic. (22:00 ) They then discuss the importance of having access to data and how it impacts decision making and business strategy. (26:50 ) Lastly, John leaves the audience with a few proactive strategies employers can implement to impact healthcare (34:35 ) and a few words of wisdom (41:15 ).
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