Collective Health Unveils its Next Generation of Guide Plans™ That Drive Cost Savings of up to $1,000 per Enrolled Employee per Year

Collective Health introduces the next evolution of its Guide Plans™ following a three-year pilot in which employer customers experienced an average 9.3% reduction in annual healthcare costs per enrolled employee compared to a cohort-matched control group

SAN FRANCISCO--(BUSINESS WIRE)--Collective Health is excited to announce a significant evolution of its Guide Plans™ product. Since 2021, Guide Plans™ have simplified healthcare benefits, empowering members to make smarter healthcare decisions through a cost-sharing design that encourages the use of high-value services. This approach has delivered impactful results, including a 9.3% annual reduction in medical claims costs, translating to savings of up to $77 per employee per month (PEPM), based on a cohort-matched study over a 12-month period.

Guide Plans™ members spend 50% less than what members on employer-sponsored large group plans spend on annual out-of-pocket (OOP) healthcare expenses—an average of $367 compared to the national average of $828, as reported by the Peterson-KFF Health System Tracker. Additionally, preventive care utilization under a Guide Plan™ was 51% higher than the rate observed in a benchmark employer-sponsored plan. With a Net Promoter Score (NPS) of 75, these results highlight how Guide Plans™ not only deliver cost savings for plan sponsors but also enhance access to preventive care, reduce member expenses, and improve the overall member experience.

In this next evolution of its Guide Plans™ product, Collective Health is introducing quality-based provider tiering. This enhancement will further enable Guide Plans™ members to easily identify and select high-value providers, furthering Collective Health’s mission to empower its members and employer customers to obtain high-quality care at the lowest cost.

“We’re thrilled to evolve our next-generation Guide Plans™ product, an offering that has been delivering significant hard-dollar savings and high-quality care to our member and employer customers for more than three years,” said Dr. Ari Hoffman, Chief Clinical Officer and Senior Vice President of Product Management at Collective Health. “This evolution represents a significant step forward in empowering members to make more informed healthcare decisions by giving them the tools to choose the highest quality and highest value care for themselves and their loved ones. While this approach to health benefit plan design may appear to be a recent trend, Collective Health has been at the forefront of this shift for several years. We are committed to continually evolving and innovating our products to meet the needs of American workers and their families.”

Join Collective Health on January 28 from 11-11:45 a.m. PST for a live webinar where attendees will have the opportunity to hear about product updates and releases, including the enhanced Guide Plans™ offering. To attend the webinar, register here.

As Collective Health moves into 2025, it remains dedicated to lowering the total cost of care and enhancing the member experience. With the expansion of Guide Plans™, the company is poised to lead the industry into a smarter, more sustainable future. In addition to offering Guide Plans™, Collective Health continues to provide employer customers with tangible value and cost savings through its modern, engaging user experience and dozens of out-of-the-box integrations. Collective Health currently provides employers with integrated access to 140+ program and network partners, and its configurable technology and services platform enables employers to integrate all aspects of their self-funded plans, delivering a health benefits strategy that best suits their populations in a single, highly integrated user experience.

“As a country, we’re facing a challenging economic reality where organizations and their workers face a dire need to drive down healthcare costs while improving access and the quality of the care delivered to their people,” said Ali Diab, Co-Founder and CEO of Collective Health. “Those challenges are precisely why we developed our Guide Plans™, and I’m delighted to announce that we have successfully achieved those goals. As a company, Collective Health is proud to be able to deliver up to $1,000 or more in annual hard-dollar savings per employee for our employer customers. With more than 40 million claims processed, $25 billion in medical expenses paid, and 300,000 new plan members added to our platform since January 1, 2024, it’s clear that Collective Health is leading the way in re-inventing the employee health benefits industry at scale. Our team is excited to continue pushing the boundaries of what’s possible in healthcare and delivering even greater value for our employer and member customers in the months and years ahead.”

For more information on Guide Plans™, visit ​​https://collectivehealth.com/guide-plans/.

About Collective Health

Collective Health is the leading health benefits platform that brings together medical, dental, vision, pharmacy, and program partners into an integrated solution that better enables employees and their families to understand, navigate, and pay for healthcare. By reducing the administrative lift of delivering health benefits, providing an intuitive member experience, and helping control costs and improve outcomes, the company guides employees toward healthier lives and companies toward healthier bottom lines. Collective Health, Inc. is headquartered in San Francisco, CA and has additional offices in Lehi, UT, and Plano, TX. For more, please visit collectivehealth.com.