Premise Health
Workplace health services provider for employers.
PE-OWNED
Acquired by Advent International2018-02-01
What Made It Great
On-site healthcare services reducing employer costs and improving employee health.
What PE Will Likely Do
Reduction in the number of on-site healthcare providers, leading to longer wait times and less personalized care for employees
Shift towards lower-cost, less-qualified staff such as licensed practical nurses (LPNs) instead of registered nurses (RNs)
Potential sale and leaseback of Premise Health's clinic facilities, leading to higher rental costs that may be passed on to employers
Aggressive billing practices to maximize reimbursements, potentially resulting in higher out-of-pocket costs for employees
Elimination of less profitable but essential services like mental health or wellness programs
Expected Timeline
“0 to 6 months months”
Announcement of 'optimization' initiatives, leadership changes, and plans for 'efficiency' improvements
“6 to 12 months months”
Initial staffing cuts and service reviews, with some noticeable decline in appointment availability and care quality
“12 to 24 months months”
Significant reduction in on-site healthcare providers, longer wait times, and reduced scope of services offered
“24 to 36 months months”
Potential for major quality issues, such as clinic closures or high-profile patient safety incidents
“36+ months months”
Possibility of bankruptcy, hospital closures, or a fire sale to another operator, further disrupting healthcare services for employees
Similar Cases
Other companies that followed a similar path after PE acquisition
What You Can Do
Actions
Closely monitor any changes in the availability, quality, and cost of healthcare services provided by Premise Health at your workplace
Advocate for your employer to maintain a high level of on-site healthcare resources and services, even if they come at a higher cost
Be prepared to seek alternative healthcare providers if the quality of Premise Health's services declines significantly
Alternatives
Community-focused healthcare
Integrated managed care consortium