LOS
ANGELES, July 30, 2024 /PRNewswire/ -- Private
Health Management ("PHM"), a clinically sophisticated complex care
management firm, is excited to announce it has been selected by
Innovative Captive Strategies ("ICS"), a leading provider of
captive insurance solutions, to deliver comprehensive care support
to ICS's clients and their plan members.
Both PHM and ICS are committed to helping employers manage risk,
control costs, and improve health outcomes. PHM's multidisciplinary
team of clinicians and scientists provide deep clinical and
science-based insights to ensure members receive accurate
diagnoses, access to the most experienced and capable physicians,
and benefit from advanced treatments. Through this partnership,
individuals facing serious or complex medical conditions, like
cancer, can receive care management support from diagnosis through
treatment.
"This partnership underscores our commitment to helping our
clients effectively manage risk and support their workforce during
a health crisis," said Matt Durham,
AVP, ICS. "It represents a significant step in ICS's strategy to
offer world-class services. We encourage our clients to leverage
PHM's clinical expertise to ensure their members receive the best
possible care, improving health outcomes, and reducing
costs."
"At PHM, we focus on the small portion of cases that drive the
majority of healthcare spend, and where the deficiencies of our
healthcare system are most pronounced," said Tommy Axford, SVP
of Business Development & Strategic Partnerships, PHM.
"Our extensive experience with serious and complex medical
conditions, such as cancer, makes us an ideal partner for a captive
like ICS. Through this collaboration, we will provide expert
clinical guidance, empowering members to make informed health
decisions and achieve the best of what's possible in medicine."
PHM's commitment to patient advocacy is reflected in its
comprehensive approach to care, which combines deep clinical
expertise with personalized support. A study of PHM's cancer care
management services showed a nearly four-fold increase in clinical
trial enrollment, a four to six-fold improved adoption of precision
oncology, and up to a three-fold increase in survival time for
certain late-stage cancers. These results have enabled PHM to
deliver a 20% reduction in costs across complex cases they
managed.
About ICS
Innovative Captive Strategies is a captive insurance consultant,
specializing in alternative solutions that enhance control,
stability, and opportunity in health, property and casualty
insurance. Since its founding in 1999, ICS has created captives
with a dedicated model by selecting best-in-class companies of
highly vetted members, resulting in higher engagement and more
control. Instead of renting insurance from a large carrier, our
clients take control and own insurance.
YourCaptive.com
About PHM
Private Health Management is a clinically sophisticated complex
care management company specializing in assisting individuals in
obtaining the best care and outcomes when facing serious and
complex medical conditions like cancer. We help improve outcomes
and optimize costs for individuals and employers by delivering
science-backed information and supporting members from diagnosis
through treatment. PrivateHealth.com.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/innovative-captive-strategies-partners-with-private-health-management-to-support-members-with-serious-and-complex-medical-conditions-302210083.html
SOURCE Private Health Management, Inc.