By Steven Lash, President & Chief Executive Officer of Satori World Medical

Satori World Medical has been quite busy over the past several months in our mission and vision to provide individuals, employers, financial sponsors and insurers with world-class healthcare, excellent client services and significant financial benefit.  We are very pleased to announce that we have executed an agreement with McGregor & Associates, an employee benefits consulting firm specializing in servicing public sector employers, to offer Satori World Medical’s innovative global healthcare network to thousands of McGregor & Associates’ contracted employers and their employees, as well as its own staff.

The costs of healthcare in the U.S. are higher than in any other country in the world, placing an enormous burden on today’s U.S. companies that fund their employees’ healthcare, in addition to the employees themselves who have become responsible for more and more of their own medical expenses.

McGregor & Associates is an organization committed to its customers and their employees.  Ensuring that the quality of care their constituents receive at our international hospitals is equal to or better than the care they would receive in the U.S. was the number one decision criteria for selecting Satori World Medical.  According to George McGregor, President of McGregor & Associates, our company has the most sophisticated quality assurance programs and processes compared to all the competitors that operate in medical travel space. George holds numerous other positions including General Manager of the Southern California Schools Voluntary Employees’ Benefits Association (VEBA), administrator of the California Public Employers Employees Health Care Coalition, and administrator of the SDCS-SDEA, a Joint Retiree Medical Benefits Trust.

Through our global network of Board Certified doctors and Joint Commission International (JCI)-accredited, state-of-the-art hospitals, Satori World Medical provides a comprehensive, high quality integrated medical benefit program that reduces the costs of selected surgical procedures by 44-84 percent.  The savings generated are shared with all stakeholders, while a portion of the savings, is funded in the employees tax-advantaged Health Reimbursement Account (HRA) when they select a Satori Global Network™ provider for their medical procedure. With Satori World Medical’s innovative Health & Shared Wealth Program™, everyone wins.

Other key benefits to U.S. employers are as follows:

·       Ability to compete better globally: Global healthcare models result in major economic benefits for U.S. companies because the costs of their employees’ healthcare are greatly reduced.  U.S. companies have access to same quality healthcare at much lower expense and as a result, companies can be more profitable and competitive globally.

·       Improved employee retention and satisfaction: An organization’s financial strength is built and reinforced by reducing costs and investing in the financial security and well-being of its workforce.  Therefore, companies that offer a global healthcare benefit option to their employees can greatly strengthen the overall morale and productivity of their workforce.  This is a new medical benefit at no cost to the employer or employee.

·       Seamless integration with any existing medical plan: A global healthcare benefit program can be seamlessly added to an employer’s existing employee benefit program and without any startup or ongoing expenses for the employer.  This medical benefit is in addition to the medical plan that is currently in place.

·       Single bill for employee claims: When considering the implementation of a global healthcare benefit program, one common concern among employers is whether or not significant internal resources and staff to administer patient claims and billing are involved.  Satori World Medical meets this challenge by handling the entire billing process for the employer, in which a single bill in U.S. dollars is provided for all services rendered, thus reducing company claims processing costs and with no foreign currency exchange fluctuations.

We are extremely excited about our partnership with McGregor & Associates because we believe our program will allow them to significantly improve the quality of their participating employers’ benefit administration processes, as well as their own, resulting in improved value and reduced costs across the board.  McGregor & Associates understands the importance of providing quality improvement solutions that increase employee and customer satisfaction, competitiveness, and financial performance.