July 10, 2015

Balancing quality and cost of care

By Amy Olson

Mayo Clinic CEO John Noseworthy, M.D. recently took part in an interview with the Wall Street Journal and joined MSNBC’s Morning Joe. He took both opportunities to talk about the trend toward forming contracts with large corporations for certain types of specialty care. MSS_0001253077

Mayo Clinic has had a relationship with Walmart for 18 years in which Walmart associates needing organ transplants are sent to one of the Mayo Clinic for evaluation and care. That relationship has expanded and now patients facing breast, colorectal and lung cancers are sent to Mayo Clinic for evaluation and treatment.

“If you are an employee at Wal-Mart and you unfortunately get one of these conditions, Wal-Mart will pay for an evaluation at Mayo Clinic, and all treatments and evaluations necessary including traveling to Mayo Clinic with a caretaker,” Dr. Noseworthy told the Wall Street Journal.

“It is an extraordinary benefit but it makes sense for Wal-Mart because the diagnosis will be accurate, the care will be as safe as it can be, and cutting-edge as it can be and the patient can get back to work. They’ve recognized that the avoided cost for complex care in a highly engineered system like Mayo saves them money,” he added.

These kinds of relationships likely will grow in health care.

“This is a trend. There are a number of groups that do this,” Dr. Noseworthy explained during the Morning Joe segment. “Complex health care is very expensive, and it’s important to get it right the first time.”

Watch an excerpt of the WSJ CEO Forum interview.

Watch the MSNBC Morning Joe segment.

Tags: #FutureofHealthCare, Dr. John Noseworthy, John Noseworthy M.D., Mayo Clinic, Mayo Clinic, MSNBC Morning Joe, Patient Care, Wall Street Journal

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