Dana-Farber & Lockton team up to fight Cancer's Costs & Complexities

7/24/2023

On June 20th, Dana-Farber hosted Lockton as well as invited guests to learn about how we are partnering to better manage complex cancer cases.

Watch Part 1 and Part 2 of our videos to learn...

What's Really Driving Employer Health Plan Costs?

The reinsurance / stop-loss market is reactive and fractured. 0.6% of employees drive 35% of costs (1% = 1/3) “Purple Zebra Unicorns” show up as complex cases consistently across geographies, industries and employer sizes.
Life saving therapies and medications are remarkable. The insurance market is not set up for or can account for these longitudinal cases which can last decades and cost millions. Reinsurance is grounded in covering unknown rather than known risks.

How to improve the cost and quality in complex cancer cases?

Dana-Farber & Lockton want to help through the clinical journey and do more for “people swirling in the system” – 17% of referrals to Dana-Farber are misdiagnosed primarily due to incorrect reading of the pathology. Rereading of the pathology by Dana-Farber specialists closes this gap.
Population Health & Disease Management aren’t enough – we need a person level strategy to manage these claims / costs. Amazing new technologies for early detection and intervention (tests from companies such Galleri or Grail) are part of Dana-Farber’s early detection program. This program wants to disrupt the treatment model to prevent death and improve quality of life. “Future state is a proactive model”.

What makes Lockton's approach unique?

Traditional monitoring of high cost claims like using a “50% report” (waiting for claims to reach 50% of a specific stop-loss level) are reactive and outdated. Through use of data, predictive analytics and outreach from clients, health plans and navigators, Lockton developed 5,900+ clinical and financial triggers and have performed more than 20,000 clinical reviews referring thousands of patients to high quality providers. The resulting savings for our employer clients is $342M to date and climbing.