The Global Benefits Association has announced the launch of a global network of hospitals consisting of centers of excellence available to multinational employers and international insurance companies.
David Bryan, President of the Global Benefits Association, stated One of the challenges multinational employers and insurers have experienced as they expand across borders is identifying centers of excellence and building a quality hospital network for their employees or insured.
It can be a daunting and almost impossible task for some multinationals or insurers to build this in house. They have turned to the Global Benefits Association to take the lead with this as an industry wide project and solution.
When a multinational employer or insurer has a catastrophic medical case, it is not easy for them to identify the proper center of excellence, to ensure that pricing provided is transparent and the service provided to the patient follows international standards.
The current international networks available to multinational employers currently include all tiers of hospitals, not just centers of excellence, which makes it very difficult for the employer or insurer to choose where to refer the patient, as well as for the patient to identify the hospital they should receive care from. The GBA's Global Medical Network will provide a solution to this challenge.
The Global Medical Centers of Excellence Network will be available to multinational employers and insurance companies at no cost, allowing a transparent cost and pass- through approach. This will make the Global Medical Network the first international center of excellence network in the global healthcare industry.
In addition, this Network will provide group buying power for multinational employers and insurers. Healthcare providers will not have to negotiate on an individual basis, the GBA will negotiate on behalf of the multinational employers and insurers, and pass along the negotiated savings to them. With healthcare costs rising, GBA is committed to transparency in pricing for its members.
David Bryan also stated, The Global Medical Network is an innovative project that will provide a solution to a much needed problem of access to quality care. Multinational Employers will be able to reduce their expenses by not only eliminating the need to develop their own medical network, but also by saving from the cost of having to rent a global network. GBA is committed to developing more group buying solutions for multinationals and insurers in other areas of employee benefits.
The GBA has partnered with the Medical Tourism Association to help identify Centers of Excellence and determine which hospitals have been accredited and certified, in both quality and international patient services. The joint efforts of the partnership will ensure nothing but the best outcomes for employees or insured utilizing the network. Only top tier hospitals will be allowed to participate in the network.
Renée-Marie Stephano, President of the Medical Tourism Association, responded, It is important for healthcare consumers to have access to quality healthcare. We are pleased to collaborate with the Global Benefits Association on this project as it is aligned with our tenets of transparency in quality, communication and education.
The Global Medical Centers of Excellence Network will start contracting with hospitals in June .
About the Global Benefits Association
Headquartered in the United States with offices around the world, The Global Benefits Association (GBA) is the non-profit trade association for the Global Benefits and Expatriate Industry with it's sole and primary focus being on health insurance, employee benefits and other insurance benefits that are delivered on an international basis and across borders. The Purpose of the Global Benefits Association is to provide a single authoritative voice for Multinational employers and insurers and to allow industry participants to collaborate, share best practices and network.
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