{"id":16345,"date":"2015-03-13T14:14:31","date_gmt":"2015-03-13T21:14:31","guid":{"rendered":"https:\/\/www.medtexter.com\/?p=16345"},"modified":"2015-03-13T14:14:31","modified_gmt":"2015-03-13T21:14:31","slug":"the-cost-of-healthcare-for-starbucks-is-more-than-they-spend-on-coffee","status":"publish","type":"post","link":"https:\/\/www.medtexter.com\/the-cost-of-healthcare-for-starbucks-is-more-than-they-spend-on-coffee\/","title":{"rendered":"The Cost of healthcare for Starbuck\u2019s is more than they spend on Coffee"},"content":{"rendered":"

The AP, via NBC News<\/a>, has reported that Howard Schultz, Chairman of Starbucks, had a meeting with Sen. Patty Murray and Rep Adam Smith, both of Washington. The subject of the meeting is the rising cost of healthcare in the U.S. It\u2019s now in the crosshairs of executives at Starbuck\u2019s and almost all of the rest. Why? Because Obamacare made it mandatory that employers pay the healthcare costs for employees.<\/p>\n

Look, 13% of all of the about $3 Trillion spent on healthcare in the U.S. each year is unnecessary. The issue is Medication Adherence. If all of the employees took their meds as directed it would save a ton of money\u2026 money that could eventually make its way back into the company treasury. The cost of healthcare totals approximately 20% of the country\u2019s Gross National Product.<\/p>\n

I\u2019m thrilled that Mr. Schultz is looking at this. It makes me know that management is paying attention to profitablilty and that\u2019s good. It makes me want to buy their stock. But let\u2019s help Mr. Schultz find the path to Medication Adherence for his employees. It\u2019s Medtexter; an online service that sends reminders to your employees so that they can remember when it\u2019s time to take their meds. How would that be helpful? I\u2019ll explain.
\n84% of healthcare spending is due ONLY to dealing with patients with a chronic disease, sometimes 2, 3 or more. Half the U.S. population has at least one chronic disease. 70% don\u2019t take their medications as directed. For every chronic disease patient it costs an extra several thousands of dollars PER DISEASE, per year.<\/p>\n

So, Mr. Schultz, statistically about 40,000 of your employees have at least one chronic disease. That would probably break down something like this if your employees are all fulltime and you\u2019re paying their healthcare premiums:
\n32% of your employees are Hypertensive (probably from drinking all that coffee every day). The average savings for such an employee would be $6,000. If that patient was also a diabetic (probably from eating all of those fantastic breads you have there in the glass case) the average savings would be $5,200, but only if they are medication adherent. So, just that one employee is costing over $10,000 to the system and that\u2019s ON TOP of the premium payments you make for them.<\/p>\n

Your employee is Medication Adherent only when they take their meds as directed, on time, every time.
\nOne more statistic. 69% of those medication takers simply forgot to. They need that reminder we were talking about:
\nLet\u2019s say that the average savings for employees with only ONE chronic diseases is about $4,000 (that\u2019s probably a little bit low) times 40,000 (50%) of your employee population, times 69% that forgot to take their meds\u2026 well, that\u2019s, um\u2026 carry the 6\u2026 it\u2019s a whopping $ 110,400,000 savings. And that doesn\u2019t include the productivity that you\u2019ll regain. That number is probably an even bigger.<\/p>\n

So, Mr. Schultz, together we can make a big dent in your healthcare costs. Give us a call or go to the webpage\u2026 www.medtexter.com<\/a><\/p>\n

By the way, Mr. Schultz, LOVE your coffee!<\/p>\n","protected":false},"excerpt":{"rendered":"

The AP, via NBC News, has reported that Howard Schultz, Chairman of Starbucks, had a meeting with Sen. Patty Murray […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[93,94,85,21],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/www.medtexter.com\/wp-json\/wp\/v2\/posts\/16345"}],"collection":[{"href":"https:\/\/www.medtexter.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.medtexter.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.medtexter.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.medtexter.com\/wp-json\/wp\/v2\/comments?post=16345"}],"version-history":[{"count":0,"href":"https:\/\/www.medtexter.com\/wp-json\/wp\/v2\/posts\/16345\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.medtexter.com\/wp-json\/wp\/v2\/media?parent=16345"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.medtexter.com\/wp-json\/wp\/v2\/categories?post=16345"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.medtexter.com\/wp-json\/wp\/v2\/tags?post=16345"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}