Episode 37 – Dr. Josh Luke Ph.D. | Health – Wealth 9 Steps to Financial Recovery

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Topics:

  • Misaligned Incentives
  • Engaged Healthcare Consumer
  • Price Transparency
  • Center of Excellence
  • Local Healthcare Tourism
  • Integrative Medicine
  • Cost Savings


In this episode, Michael introduces you to Dr. Josh Luke, a veteran hospital CEO and award-winning healthcare futurist, public speaker, and author. Join us as we discuss Dr. Luke’s newest book, 
Health – Wealth 9 Steps to Financial Recovery where he outlines specific steps employers can take to proactively control their healthcare costs.


Here’s a glance at what we discuss in this episode:

 

  • Dr. Luke’s unique professional experience and what lead him to a career in healthcare
  • Why Dr. Luke was motivated to author Health – Wealth 9 Steps to Financial Recovery
  • Why the healthcare delivery system is broken and as a result costs continue to rise
  • A high-level overview of the content in Health – Wealth 9 Steps to Financial Recovery
  • Dr. Luke provides examples of how capitalism plays a key role in the bankrupting of our healthcare delivery system
  • How the 1986 Emergency Medical Treatment and Active Labor Act (EMTALA), has impacted utilization in hospitals
  • Examples of how the healthcare delivery system is designed to provide care that may not be necessary or beneficial to the patient
  • How the saying “don’t worry your insurance will pay for it” has lead to employee lack of ownership of healthcare decisions and spending
  • The disconnect between consumers and understanding how healthcare is purchased and why employers and employees need to become engaged healthcare consumers
  • Dr. Luke’s 9 Steps to Financial Recovery for an employer
  • Why American businesses are complacent with the status quo
  • How innovative strategies such as Centers of Excellence align incentives to drive employees to a higher quality of care while lowering healthcare costs
  • Examples of corporate health-wealth approaches ranging from rewarding long-term employees with full genome testing to promoting integrative medicine
  • Additional resources on Linkedin at Health – Wealth: Employer Forum on Reducing Healthcare Spending, or visit: https://www.health-wealth.com/, or Text JOSH to 72000 to receive updates via text

About the Host, Michael Menerey

Michael Menerey is a Senior Vice President and Benefits Consultant with one of the largest Employee Benefits Brokerage & Consulting firms in the country. He is a partner in the Employee Benefits Practice and works in the Los Angeles office.

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