Global 1 specializes in bundled payment structures for outpatient surgical procedures, offering fixed-price packages across a network of over 125 surgery centers. This approach enhances cost transparency and predictability for patients while improving financial outcomes for providers, having successfully managed over 20,000 cases in various surgical specialties.
Funding
Funding not disclosed
Founders
Product
Problem
The complexity and lack of transparency in outpatient surgical pricing make it difficult for patients, employers, and insurers to predict and manage healthcare costs effectively. Traditional fee-for-service models often lead to unexpected bills and cost variations, hindering informed decision-making and efficient resource allocation.
Solution
Global 1 offers bundled payment solutions for outpatient surgical procedures, providing cost transparency and predictability through fixed-price packages. As a licensed third-party administrator (TPA), Global 1 partners with a network of surgery centers to deliver cost-effective surgical solutions across various specialties. Their bundled payment model encompasses all services related to a specific surgical episode, including facility fees, surgeon fees, and anesthesia, ensuring a single, predetermined price. This approach enables patients and payers to better anticipate expenses, while also incentivizing providers to optimize efficiency and deliver high-quality care.
Target Audience
Global 1 primarily serves patients seeking transparent and predictable surgical costs, self-insured employers aiming to manage healthcare expenses, and insurance companies looking for cost-effective solutions.
Features
- Bundled payment packages covering a wide range of outpatient surgical procedures
- Network of over 135 surgery centers offering diverse surgical specialties
- Fixed, transparent pricing for a complete episode of surgical care
- Coordination of services including facility, surgeon, and anesthesiologist fees
- Third-party administration to manage payment and delivery systems
- Focus on outpatient settings to reduce costs compared to traditional hospitals