Company Research Report: Surest

Company Overview

• Name: Surest

• Mission of the Company: Deliver clear and upfront healthcare pricing, eliminating guesswork and ensuring members know costs and coverage beforehand. Provide innovative healthcare plans with no deductibles or coinsurance, enhancing health engagement and outcomes through transparency and value.

• Founded By: No information is available.

• Key People in the Company: No information is available.

• Headquarters: No information is available.

• Number of Employees: No information is available.

• Revenue of the Company: No information is available.

• Notable Achievements: Surest is recognized for providing a healthcare plan that offers upfront pricing without deductibles, allowing members to engage actively with their healthcare decisions.

Products

1. Surest Health Plan

• Description: A health plan that emphasizes engagement, transparency, and value in healthcare by offering upfront pricing and no deductibles.

• Key Features:

• Upfront cost and coverage information.

• No deductibles or coinsurance requirements.

• Tools for members to search and compare cost and care options.

• Encourages preventive care and engagement with health services.

• Lower out-of-pocket costs for members.

• Provides savings opportunities for both employees and employers.

Recent Developments

• Recent Product Launches: No information is available.

• New Features Added: No information is available.

• Partnerships: No information is available.

Additional Insights

• Member Engagement: The Surest plan facilitates active member engagement with tools to interpret and act on health information, leading to improved health outcomes. Most members use these tools as intended, resulting in a proactive approach to health management.

• Innovative Plan Design: Surest's no-deductible plan motivates members to avoid delaying healthcare by searching for costs and care options in advance. This has led to an increase in preventive services utilization.

• Cost Efficiency: By shifting from hospital-based surgeries to cost-efficient ambulatory surgical centers (ASCs), members saw a reduction in surgery costs and a better alignment of cost with value.

• Member Satisfaction: The health plan is well-received, providing flexibility, choice, and potential savings while maintaining a focus on employee wellbeing and controlling organizational bottom lines. Members report positive experiences and greater satisfaction with the healthcare service, evidencing increased employer retention and reduced medical trends. Members have experienced significant reductions in out-of-pocket costs and healthcare expenditures.

• Improved Outcomes: Implementations of the Surest plan have resulted in fewer inpatient hospital admissions, a decrease in emergency room visits, and an increase in the utilization of virtual and physician visits, which highlights the effectiveness of the plan in promoting high-value care options.

• Testimonial: "I didn’t think it was possible to love your insurance, but Surest changed that." - Hannah B., Surest member. This highlights the positive perception of the Surest health benefits among its users.

This detailed portray of the Surest company provides insights into its innovative approach to healthcare plan design, focusing on cost transparency, member engagement, and improved health outcomes.