Premise and Crossover Health Merge: A $2 Billion Shift in Employer Healthcare

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Access to primary care is ⁤declining in the U.S., prompting‍ a search for innovative models to reduce costs ⁣and enhance patient outcomes.This trend has created an possibility for companies focused on expanding primary care access.

Premise Health and ⁢Crossover Health Merge

This week, ‍ Premise Health and Crossover Health announced an agreement ⁣to merge,forming a ⁣unified company dedicated to scaling⁤ primary care solutions. the combined association will serve over 400 employers,⁣ representing millions of ⁣members, and operate nearly 900 wellness centers nationwide.

Leadership and Vision

Stu Clark, currently Premise CEO,⁣ will lead the ‍new entity. He describes the merger as a convergence of⁤ two companies sharing a common goal: leveraging advanced primary care to transform the U.S. healthcare landscape. Both companies ‍define advanced primary care as ⁤an integrated approach ⁤encompassing primary care, ⁢behavioral health, pharmacy services, and care navigation.

“crossover and Premise have demonstrated that advanced primary care models ⁣improve access, enhance health, and reduce costs – for both employers and ⁣employees,” Clark stated.

Target Customers⁣ and Value Proposition

The company will primarily target large, self-insured⁢ employers, including Fortune 1000 companies, unions, Native tribes, and government entities. Clark emphasizes that employers are increasingly⁢ turning to advanced ⁣primary ⁣care due to the inability of traditional health plans to effectively control costs or improve⁣ access to care.

“Healthcare is now a critical factor impacting American employers’⁣ earnings. It represents a meaningful cost risk, affecting their capital⁣ deployment and competitive positioning,” Clark explained.

Financial Model ⁣and Incentives

The company will operate on a fixed-fee basis, receiving direct payment from employers rather ‍than relying on a fee-for-service model.⁣ Clark believes that ⁤increased utilization of their clinics will ⁤lead to improved health outcomes, lower employer costs, and

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