Kishlay Anand, Founder & Board Chairman
When the health of the employees takes a hit, the businesses suffer too. In the event of a workplace injury or a personal medical issue, not only employee productivity falls, but it also results in hefty medical bills for employers and employees. To address these issues and help employees during trying times, employers in the U.S. offer employer-sponsored benefits, which have become characteristic of the U.S. workplace. Two of the primary healthcare spends for employers come from employee medical benefits and workers’ compensation. According to the Kaiser Family Foundation (KFF), around 49 percent of the country’s total population receives employer-sponsored health insurance and workers’ compensation. However, the premiums for employer-sponsored benefits are witnessing a steep growth due to various government policies and significant lifestyle changes. The National Business Group on Health predicts a five percent increase in health insurance for employees and their families in 2020, which is estimated to hit an average of $15,375. As a result, for most employers, it’s becoming unsustainable to provide quality benefits to their employees.
Arizona-based Akos MD has a solution. The company offers a comprehensive telehealth platform that seamlessly integrates employee medical benefits and workers’ compensation in a single solution for all the 50 states in the U.S.
We are a value-based
organization that uses
a virtual platform and
integrated care delivery
model to bring care
management and ease of
access to the employees and
help manage the cost of care
delivery to the employers
Fully compliant with the Health Insurance Portability and Accountability Act (HIPAA), the intuitive platform allows employees to virtually connect with specialists anytime, anywhere, without going through the hassles of a physical visit. “We are a value-based organization that uses a virtual platform and integrated care delivery model to bring care management and ease of access to the employees and help manage the cost of care delivery to the employers,” explains Kishlay Anand, founder and board chairman at Akos MD. The connected care platform of Akos MD integrates nurse triage, telehealth, and care navigation in a real-time solution that allows employees the initial ease of access and efficient care delivery. Also, as most of the employees suffer from minor musculoskeletal injuries, the platform efficiently manages the treatment of those injuries through its experts to ensure an early return of the employees in full capacity. This not only helps employers to save direct and indirect medical costs up to 40 percent but also prevents absenteeism and boosts productivity. More importantly, with more than 60 channel partners on the workers’ compensation front, the company offers exceptional value-proposition to its clients.
While most of the conventional telehealth providers offer episodic care delivery that does not add to the value proposition, Akos MD actively engages with the employees and help them make appropriate choices and avail concierge level of care delivery. In this regard, Akos has launched Akos Med Clinics inside select Safeway stores across Arizona. These future-forward walk-in medical centers bring the nurse triage process closer to the employees. The AI-enabled kiosks of the med clinic are equipped to collect vitals, perform labs, and provide virtual consultations with highly qualified healthcare professionals who can diagnose and treat a wide variety of non-emergent health conditions that requires unparalleled skill and expertise. These services, which are often performed at urgent care centers, provide immediate access for employees. Hence, the virtual value-based care delivery platform, along with the med clinics, comes a long way in helping employees receive proper and timely care. Also, Akos provides a significant bend in the cost curve for employers by taking control of the employees’ medical expenses.
For its impeccable service in the healthcare industry, the company has received multiple awards and accolades from various third parties, which include the “Governor’s Celebration of Innovation Award” in Arizona, along with others. With a continued focus on improving the quality of services in care delivery, Akos MD is leading the telehealth revolution for workers’ compensation and care delivery. “These are exciting times for us, and the positive patient reviews of our med clinics are a testament to that,” concludes Anand.