In this week's episode, Simple Pay Health co-founder Wally Gomaa discusses the main difficulties facing the health insurance industry. He sees a lack of transparency and complexity, but he also sees stakeholders working to develop a better healthcare model.
Contrary to popular belief, he does not think that the healthcare system is broken; rather, he believes that it was not created with the needs of consumers in mind. With a focus on simplicity and transparency for all stakeholders, including patients, providers, and plan sponsors, Simple Pay Health seeks to make healthcare and health insurance operate more like other industries.
What You’ll Learn From This Episode:
1:38 Cost and complexity being the two primary challenges in the health insurance space.
3:39 Who benefits from the current system, exactly?
8:15 Empowering patients by giving them the freedom to select where they receive care.
10:08 Implementation of the Simple Pay Health Model in stages.
13:41 How does the new model affect overall claim spending?
15:50 Building a Network for Simple Pay Health: Partnerships and Optimization
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