In March, Lowe’s and Cleveland Clinic announced an agreement where Lowe’s employees who need heart surgery can be flown to Cleveland for the surgery at the Cleveland Clinic, who in turn, pays Lowe’s a bundled payment for all services, according to MedCity News.
The arrangement calls for Lowe’s to waive the $500 deductible, pay for airfare, hotel and living expenses for eligible employees who opt into the program.
Both Lowe’s and Cleveland Clinic are thought to benefit from the arrangement - Lowe's employees get access high quality care, which should lower long-term costs, as well as get employees back to work quickly. The arrangement helps the Cleveland Clinic expand its out-of-state patient base.
(Sources: MedCity News, http://www.medcitynews.com, October 19, 2010; The Advisory Board Daily Briefing, http://advisory.com, October 26, 2010)