Archived Content

Driving Innovation In the Health Care Marketplace:

A CEO Report

Thermo Fisher Scientific Inc.

At Thermo Fisher Scientific, we have one mission: to enable our customers to make the world healthier, cleaner and safer. We recognize that our ability to serve our customers as they strive to make the world a better place begins with our employees. And our employees share a common set of values — integrity, intensity, innovation and involvement — that guide us in everything we do.

Innovation is key to Thermo Fisher’s continued growth and success. It drives our development of new products and services for our customers, and it also helps define our benefits program for our employees. We are dedicated to providing comprehensive, cost- effective health coverage that offers choice and flexibility while empowering our employees and their families to live healthier lives.

We believe that wellness is a long-term partnership between the company and our employees. Our goal is to develop informed consumers — and not just users — of care. Health is inherently personal, so we have introduced a variety of customized tools to help employees understand how they can proactively manage their families’ care and achieve their individual health goals. These include wellness initiatives, online resources, a video series demonstrating how our medical plan options work and an online cost estimator to promote transparency.

In 2013, more than 80 percent of U.S. benefits-enrolled employees completed our voluntary health risk assessment. This important step has helped educate our employees about their individual health needs so they can make the right choices and seek appropriate preventive care to avoid risks. We also have implemented several best-in-class health-management programs leveraging dedicated teams and centers of excellence to deliver customized support, referrals and services for those who need help the most.

Going forward, we are committed to helping employees stay motivated and take action to manage all aspects of their health — from making smart lifestyle choices and determining the appropriate coverage for their individual situation, to becoming good health care consumers by selecting the right doctors and facilities when they need care. We are partnering with carriers and vendors to evaluate innovative and cutting-edge solutions for engaging participants in their health on a one-to-one basis. In addition, we are planning targeted and local programs informed by the specific needs of employees and their families.

As health care continues to evolve, we remain committed to balancing cost considerations with choice. We also will continue to provide health care coverage that is both meaningful and affordable for our employees and sustainable for our company over the long term to support our growth.

Companies

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BRT companies provide health coverage to more than 40 million Americans. We help American workers and their families remain healthy, receive quality treatment when necessary and achieve better health outcomes. The private-sector innovations in the insurance marketplace that enable us to provide these services to our employees and their families serve as models for public programs — but additional reforms are necessary.

This report highlights the innovations we have made and the public policy changes we believe would drive value by promoting health and improving outcomes.

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