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Cheaper surgery sends Lowe's flying to Cleveland Clinic

Bloomberg, March 10, 2014

In the changing world of health care, patients are finding that the best care may be several hundred miles away. When Travis Bumbaugh needed heart surgery, the Pennsylvania general contractor chose the cheapest option in the Lowe's Cos. (LOW) health plan. He flew to Cleveland, to one of the top-rated heart hospitals in the nation. By bundling all costs for the surgery under one negotiated price and offering expertise that lowers the odds of complications, the Cleveland Clinic gave Bumbaugh and his employer a better deal than the hospital close to his home.