Citi's Flu Care card reduces healthcare costs

Corporate healthcare payment solution can help employers reduce their employee healthcare spending

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Citi Global Transaction Services's new Citi Flu Care card, a corporate healthcare payment solution, can help employers reduce their employee healthcare spending by shifting the administration of flu shots from doctors' offices or on-site clinics to more cost-effective pharmacy locations.

The Citi Flu Care card can be used simply and conveniently at over 17,000 pharmacies and clinics throughout the US.

The technology allows employers to pay for flu vaccinations only at the time they are administered. This eliminates the need for prepayment, giving employers greater control over their healthcare costs.

Companies have previously relied on costly corporate health providers or doctor visits for flu shot disbursement. Now, by directing vaccinations toward these lower cost retail channels, the average cost per vaccination is reduced by 63%.

"It's incredibly exciting to think about the impact this could have on the health and productivity of individuals and our economy as a whole," said Paul Simpson, Global Head of Treasury and Trade Solutions at Citi Global Transaction Services.

When considering the costs of employee illness, from insurance claims to absenteeism and reduced productivity, the argument for investing in flu vaccination is compelling. The Citi Flu Care card give companies better beneficiary outreach to employees as well as their spouses and dependents, while promoting vaccination for overall health and productivity.

"The Citi Flu Care card is designed to help employers keep their employees healthy by offering them an easy and convenient way to get a flu shot," said Dan Miller, Senior Vice President of Rite Aid. "It's also a good way to get out the message that the CDC (Center for Disease Control) recommends a yearly flu vaccine as the first and most important step in protecting against flu viruses."