The Company That Solved Health Care: How Serigraph Dramatically Reduced Skyrocketing Costs While Providing Better Care, and How Every Company Can Do the Same

The Company That Solved Health Care: How Serigraph Dramatically Reduced Skyrocketing Costs While Providing Better Care, and How Every Company Can Do the Same

by John Torinus

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Overview

Whether or not health-care legislation passes, one thing is clear: health-care costs will continue to rise dramatically. While individuals may get better coverage, businesses will have the same problem they've had for the last four decades. Health care, one of corporate America's largest expenses, is growing at double-digit rates, and nothing proposed in Washington will change that.

But one medium-size company set out to tame the beast of rising health-care costs, employing best practices and cutting-edge ideas. The results have caused others to sit up and take notice. Serigraph, Inc., a Wisconsin-based manufacturer of decorative parts, and its chairman, John Torinus, did what Washington can't or won't do: reduce cost increases to less than 2 percent while improving the quality of health care for its employees. The implications for corporate America are staggering--the opportunity for genuine reform in an expense category that has been spiraling out of control.

Serigraph began its initiative to control health-care costs in 2003, when its annual health-care bill was $5 million and another $750,000 was needed for the projected 15 percent annual increase. The company employed three strategies for reform, each of which can cut the health-care bill by 20 percent to 40 percent--consumer responsibility, the primacy of primary over specialty care and centers of value. Applied in concert with other management methods, these three approaches almost eliminated growth in health-care costs while improving the quality of employee care. The results are documented. They are beyond refute.

The Company That Solved Health Care describes the fascinating details of Serigraph’s program, and shows how any company can achieve similar results. This book is essential reading for any manager responsible for his or her company’s health-care expenses, any academic or thinker involved in the health-care debate and anyone who wants to better understand why health-care costs have been rising and what can be done to achieve price stability while improving patient care.

Product Details

ISBN-13: 9781935618614
Publisher: BenBella Books, Inc.
Publication date: 10/05/2010
Sold by: Barnes & Noble
Format: NOOK Book
Pages: 210
File size: 4 MB

About the Author

Chairman and general manager of Serigraph Inc., John Torinus Jr. has studied and practiced management for more than 50 years. His company had $40 million in sales annually when he bought it in 1987; it now generates $120 million and has more than 1,000 employees in plants in the United States, Mexico, China and India. Torinus graduated magna cum laude from Yale and was a company commander in the U.S. Marine Corps.

Torinus has served as business editor and columnist at the Milwaukee Journal Sentinel.

Table of Contents

Introduction: Real Reform of Health Care Still to Come 1

1 Rampant Health Costs Can Be Controlled 11

2 Get Employees' Heads in the Game 19

3 Utilization Drops Sharply with Individual Responsibility 31

4 Piercing the Fog of Medical Pricing and Promoting Transparency 43

5 Motivate Employees to Seek Centers of Value 59

6 The Missing Link: Top Management as Change Agents 83

7 Beer, Brats, Butterfat: Health, Lifestyle Can Be Managed 93

8 Primacy of Primary Care Delivers Big Savings 111

9 Quality Ratings Elusive, But Essential 129

10 To Reform: Educate, Communicate, Hyper-Communicate 141

11 Silver Bullet for Better Value: Lean Disciplines that Transform 159

12 Generics, Loss Leaders Provide Leverage on Drug Costs 173

13 Better Model for Desperate Small Companies 185

14 Private Sector Reforms Trump Government Efforts 195

Appendix: 2010 Benefits at a Glance 207

About Serigraph 209

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