This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Walmart, Lowe's And Pacific Business Group On Health Announce A First Of Its Kind National Employers Centers Of Excellence Network

SAN FRANCISCO, Oct. 8, 2013 /PRNewswire/ -- Focusing on improving the medical care their employees receive while reducing costs to employees, Walmart, Lowe's and other large employers joined the Pacific Business Group on Health Negotiating Alliance (PBGH-NA) to launch a national Employers Centers of Excellence Network (ECEN) that will offer no-cost knee and hip-replacement surgeries for employees at four hospital systems in the United States.

(Logo: http://photos.prnewswire.com/prnh/20131008/PH93380LOGO )

"These companies are working to help make sure that their employees get higher quality care and incur lower costs," said David Lansky, president and chief executive officer of PBGH. "The Employers Centers of Excellence Network is designed to serve as a model for delivering high quality health care with transparent and predictable costs."

The four designated center of excellence health care organizations include Johns Hopkins Bayview Medical Center in Baltimore, Md.; Kaiser Permanente Orange County Irvine Medical Center in Irvine, Calif.; Mercy Hospital in Springfield, Mo.; and Virginia Mason Medical Center in Seattle, Wash.  

PBGH, working with health care management company Health Design Plus, will oversee the new national Employers Centers of Excellence Network, which will include treatment for knee and hip replacement surgeries for the more than 1.5 million employees and their dependents enrolled in Walmart's, Lowe's and other large employer's medical plans. Employees will receive consultations and care covered at 100 percent without deductible or coinsurance, plus travel, lodging and living expenses for the patient and a caregiver. Patients must be healthy enough to travel for the surgeries. The program is voluntary and employees or their covered dependents can still choose to receive care from local providers and incur routine costs. 

"This national program is about providing our associates with exceptional care and reducing their medical costs so that they pay nothing out of pocket when they use one of the designated facilities," said Sally Welborn, senior vice president of global benefits at Walmart. "Each of these providers has a proven record of practicing evidence-based medicine with above average positive patient outcomes in knee and hip replacement procedures."

"Under this program, employees and their dependents covered under Lowe's medical plan have access to medical care at renowned medical facilities at no cost," said Randy Moon, Lowe's vice president of international human resources, benefits and human resources information systems. "This is especially important for our employees who live in areas underserved by high quality health care providers. The four health care centers are located throughout the U.S., making it easier for employees who wish to use this benefit to travel."

The national Employers Centers of Excellence Network complements Centers of Excellence programs that Walmart and Lowe's have and will continue to offer separately from the alliance with PBGH-NA.  

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

DOW 18,126.12 -36.87 -0.20%
S&P 500 2,120.79 -2.69 -0.13%
NASDAQ 5,097.9760 -8.6170 -0.17%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs