Last month, Crossover Health closed a deal with Sherpaa, virtual primary care provider, giving the California-based primary care provider the ability to offer an innovative healthcare delivery model for self-insured employers.
You may not be familiar with Crossover Health, but you've undoubtedly heard of their largest self-insured employers: Apple, Facebook, LinkedIn and Intuit to name a few. OneDigital’s Chief Growth Officer Mike Sullivan shares why this alignment may have more impact than the average health system/tech platform deal. In the article, “Apple, Facebook's Primary Care Provider Acquires Sherpaa: 4 Lessons for Health Systems” by Health Leaders, he illustrates how this alignment is indicative of a greater trend in the industry; a rapidly growing self-insured market.
There is a dramatic expansion of self-funding products and solutions entering the marketplace, all with the express focus of addressing the challenges of affordability for small and mid-sized employers. Not only are traditional employers gravitating to this concept, so are associations, Professional Employer Organizations and chamber plans. The maturation of technologies, risk management solutions, and advisors with acumen and scale are leading this expansion of self-funding solutions nationally.
— Mike Sullivan, Chief Growth Officer, OneDigital
To learn more about what the employee benefits agency of the future looks like, tune into the recent Benefits Influencer Podcast with host Dennis Carlson "Benefits Advisors & Brokers: Five Years Out with Mike Sullivan."