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PepsiCo to pay for employee surgeries at Hopkins

The Baltimore Sun, December 12, 2011

PepsiCo has signed a deal that allows employees and dependents across the nation to get certain surgeries at Johns Hopkins Hospital , a cutting-edge arrangement that could grow in popularity as companies look to provide better healthcare and contain costs. The world's second-largest soda company will pay for workers and their dependents, about 250,000 people, to travel to Baltimore for cardiac or complex joint surgeries, such as correcting problems in a previous knee replacement. PepsiCo will also cover the deductible and coinsurance for the procedures. Hopkins in turn will charge Pepsi a set rate for the surgery, rather than separate fees for physician charges, preoperative testing and other related services.