Never miss a story — sign up for PLANSPONSOR newsletters to keep up on the latest retirement plan benefits news.
Acquisition Poised to Help Employers Save on Health Care Costs
DirectPath, a provider of employee health care engagement and compliance tools, has signed an agreement to acquire Patient Care, a Milwaukee-based health care advocacy and transparency company.
With the acquisition, DirectPath will expand its suite of services for employers, offering them a complete solution for affordable health care.
DirectPath’s strategic engagement services help Fortune 1000 employers experience a significant return on their benefits investments by increasing employee participation in consumer-driven health plans. Patient Care’s advocacy and transparency services help employees better understand the complicated health care system and make informed decisions about health care spending. The acquisition of Patient Care expands DirectPath’s services; employees of DirectPath’s customers can now receive guidance for selecting the most affordable, high quality procedures covered under their plans.
“Once a health plan has been selected, employees still need guidance on making the most cost-efficient care decisions. For more than 15 years, Patient Care has performed this invaluable service, helping employees become informed health care consumers,” says Michael Byers, executive chairman of DirectPath. “Patient Care’s leading advocacy and transparency services are a natural complement to our active engagement services, allowing us to help employers and their employees control costs every step of the way, from the plan they enroll in to treatment choices.”
For more information about DirectPath’s services, visit www.directpathhealth.com.