News You Can Use Special Edition: Phia Group Part 1 of 6 Straight Talk, Better Benefits

About this episode

Adam Russo discusses innovative strategies to reduce healthcare costs and improve employee benefits through the Phia Group.

Limited Six Part Series: Straight Talk, Better Benefits with The Phia Group Join Dr. Nick and Adam Russo, CEO of The Phia Group for Part 1: Mobilize the Workforce. Adam Russo's personal mission began as a first-generation American determined to fight waste and fraud in healthcare, growing his company from an $8,000 basement startup to serving over 20 million lives. Healthcare costs spiral because insurance removes price transparency; unlike TVs or LASIK, you can’t easily comparison shop for a knee surgery. Despite healthcare as the second-largest business expense, most employers spend less than five hours a year innovating their plans or analyzing raw claims data. To cut costs, Phia pays employees 20% cash rewards for finding billing errors (one HR leader received $50,000), turning the workforce into vigilant consumers, this is awesome! In their company, they eliminated premiums, deductibles, and copays for employees, guess what, 99% employee retention rate. Phia created a sustainable model of retention and loyalty, proving that better healthcare for less is achievable. To stream our Station live 24/7 visit www.HealthcareNOWRadio.com or ask your Smart Device to “….Play Healthcare…

People in this episode

Host: Healthcare NOW Radio

Guest: Adam Russo

Topics covered

• healthcare costs
• employee benefits
• price transparency
• billing errors
• workforce mobilization
• healthcare innovation

Keywords

• healthcare
• cost reduction
• employee retention
• billing errors
• cash rewards
• deductibles
• copays

Mentioned in this episode

Organizations: Phia Group

More episodes of Healthcare NOW Radio Podcast Network - Discussions on healthcare including technology, innovation, policy, data security, telehealth and more. Visit HealthcareNOWRadio.com

• The CereCore Podcast: A Rural CNO on Healthcare Innovation That Actually Helps Nurses · June 10, 2026 · 31 min
• Revenue Cycle Optimized: The $50B Rural Health Question · June 9, 2026 · 27 min
• Healthcare Rap: How to Address the Patient-Tech Disconnect With Scheduling · June 9, 2026 · 25 min
• The Healthtech Marketing Show: Quiet Courage of the CMO · June 8, 2026 · 43 min
• FINN Voices: Bridging the Divide in Whole Population Care with President & COO, Acentra Health · June 7, 2026 · 28 min
• The AI Shift: Healthcare Automation Evolution with Mayank Pant · June 7, 2026 · 27 min