Better specialty care for stronger, healthier members
Explore how the right solution can connect your members with excellent care—while managing rising healthcare costs.
6 million members | $1 billion saved
Lantern ensures members and their loved ones get the best care.1
Healthcare costs for unions and multi-employer trusts continue to climb
You want excellent care for your members while managing your fund responsibly.
But with healthcare costs increasing each year—especially for specialty care like knee replacements—funds are seeking smarter solutions. Centers of Excellence (COEs) ensure high-quality care while managing higher-cost procedures effectively.
The per member per hour cost for health benefits for some unionized workers has increased by 91% since 2004.2
In response, unions and their funds have turned to creative solutions and partnerships to help lower costs.
COEs, a popular solution in the private sector, can be effective but utilization tends to be low when used through the health plan.
An innovative approach to specialty care solution for your members
An evolution from traditional COEs, Lantern is the Specialty Care Platform connecting members with the best care close to home while significantly reducing costs.
Lantern focuses exclusively on the complex, high-cost procedures and diagnoses driving your members’ healthcare spend. Together, surgery, cancer and infusion therapy make up more than half of healthcare costs.
The Care We Cover
- Better outcomes: Less than 1% complication rate vs. the national average of 8-15%
- Lower cost of care: 55%+ lower rates than the average health plan
- Faster access: Members get scheduled 21 days faster (17 days vs. the national average of 38 days for specialty care)1
- Rapid access to treatment: Relationships with community cancer centers and NCIs allow us to connect members to care in less than 10 days, on average1
- Expert support and guidance: Lantern Oncology Nurse Navigators bring an average of 10+ years of experience
- Available to all: Lantern can help members at every age, diagnosis or stage
- Significant savings: Employers can save 40%+ on infusion costs with Lantern1
- Personalized support: Members have a care team to answer their questions
- Care that works for busy schedules: Members have a variety of care options, including care at home
Quality at our core
We individually vet all providers and facilities in our network based on key factors like procedure volume, outcomes and patient education.
Lantern’s exclusive partnership with Global Appropriateness Measures (GAM) Consortium also enhances surgeon vetting with data-driven insights to ensure evidence-based care. This improves patient outcomes by evaluating both surgical execution and pre-surgical decisions.1
Local & Inclusive Access
With support for thousands of plannable surgeries, all cancer diagnoses, and specialty infusions, Lantern provides the most support for high-cost, complex care.1
Personalized guidance
White-glove experience and support defines Lantern’s approach to care.1
Meaningful cost reductions
Savings and quality can come together in one solution. Lantern is dedicated to providing the best value for the best care.1
Our Impact
By building a robust network of the best providers and facilities, our Specialty Care Platform elevates the standard of care and savings for the members and the trust you’re protecting.1
30% surgical avoidance for MSK
complication rate
drive less than 50 miles for care
PEPM savings on average
lower total medical spend
Lantern Saves Brevard Public Schools Over $550,000 Within Months
Brevard Public Schools partnered with Lantern in June 2021 to provide their population with high-quality surgical care at little to no cost. Within the first six months, the program delivered significant savings of over $45 per member while improving member outcomes.
“We obviously evaluate cost savings in any situation, but it’s not necessarily the priority here. The priority is providing the best care for our employees.”
“We’ve had a number of individuals who have come to us and said they wouldn’t have been able to have surgery if it weren’t for this benefit.”
“We have seen some amazing things in Brevard. The first thing we saw was $500,000 of savings in the first six months of Lantern being available to our members. Do you know how many playgrounds that is?”
Ready to support your members & reduce costs?
Get in touch today to see how Lantern can elevate your benefits offerings.
COE Buyer’s Guide for Labor, Union & Trust
Everything you need to start your search for a solution that connects members with excellent care, including an overview of the types of Centers of Excellence (COE) options out there, how they define quality and questions to ask.
