While many large employers are going the route of on-site health clinics to save on health costs and encourage employees to become more engaged in their health, there are options for companies that can’t commit to a full, on-site clinic. One of those options is providing on-site preventive exams to their employees, and one company facilitating that, Pathfinder Health, is apparently looking to grow as it’s well on its way to completing a $1.5 million equity offering, according to a recent regulatory filing.
The Illinois-based preventive health provider works with companies to bring doctors who perform physical exams, complete with lab workups, to employees with the goal of improving the identification, prevention and treatment to employees at risk for complications of chronic disease.
Under the preventive health section of the Patient Protection and Affordable Care Act, health plans are required to cover the cost of certain preventive health services without requiring a co-pay. And, although some have contested the cost-savings potential of preventive health efforts, that hasn’t stopped the creation of a variety of new self-tracking tools, employee wellness programs and federal initiatives driving a widespread push for preventive health.
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Aside from physicals, the company also works with employers to provide personal prevention plans, medically monitored weight loss programs and risk-reduction coaching, according to its website. A company representative did not reply to a request for more information.
