Halloween Nightmare: How COVID-19 Can Bankrupt Your Company & What To Do

According to a recent survey, 71% (!) of Americans are fearful of visiting a doctor due to the pandemic. How will this affect your bottom line? At first glance, it seems that the number of doctor visits will fall, so claims are lower.

But there is a bigger factor, and it has been known to bankrupt companies that are not aware of it.

And that factor is chronic disease mismanagement.

If a person with chronic conditions avoids regular doctor visits you will see periodic catastrophically high claims when that person finally HAS to go to the ER.  According to a recent report by Premier Inc., about 30% of ER visits are from people with chronic diseases and those visits are easily preventable.

Thus, if your chronically ill employees panic and avoid seeing the doctor for necessary visits, you will see catastrophic ER charges, possibly in hundreds of thousands of dollars from just a handful of patients.

What if you could turn this around? Instead of increasing your costs due to fear of the pandemic, decrease them without reducing the quality of care for employees? How?

The answer is disciplined chronic disease management through the WellAI digital health platform. A voice-guided digital triage assistant would reduce ER charges by at least 14% and PCP charges by at least 18% (!).  In addition to the triage assistant, WellAI digital health platform also includes comprehensive chronic disease management. Your employees with chronic diseases get targeted reminders of specific actions they need to take to prevent ER visits. If they start ignoring them, they will get a reminder call from the call from the remote nurse.

Using WellAI digital health platform for your employees, reduces ER claims by 18% for an average employee. But for an employee with a chronic disease, it has the potential to reduce ER claims by 30%. Consider what you could do with all those savings. Invest them in growth, give motivations bonuses, build new products…

As a reminder, the basic version of WellAI app called Doc In A Pock is now available on your smartphone.  Please use the following links to schedule a 1-on-1 demo:

• If you are an employer and would like a cool benefit that makes your employees healthier and happier, and saves 34% to 45% on your healthcare costs, please schedule a virtual meeting here.
• If you are a potential investor who would like to be part of a unique once-in-a-lifetime investment opportunity that will forever revolutionize healthcare, please schedule a virtual meeting here.
• If you are a potential customer, a patient or you are just curious about any of the WellAI high tech products – voice-guided digital health assistant, data-driven Telehealth 2.0, or the scientific chronic disease management program – please schedule a virtual meeting here.

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