精东影业

Interested in this topic? Watch our previously recorded webinar, .

鈥淐ollabotition鈥濃�攖he practice of collaboration with competitors to achieve mutually held objectives鈥攑rovides an opportunity for companies to work efficiently through issues that are material to the whole industry. When individuals work together, they form teams, and when companies work together, they form alliances in the form of coalitions.

While research has underscored the benefits of , it is also important to keep in mind that the phenomenon of corporations working across business lines to achieve a greater good can be tremendously influential. Examples of companies banding together include the pledge to uphold the Paris Agreement on climate change, and companies putting their sponsorship dollars and marketing expertise toward non-partisan coalitions and commitments.

As is consistent with the findings of 精东影业CCC鈥檚 research, communication is a key component of any collaboration. Communicating efforts effectively is a critical tactic in helping stakeholders understand the long-term value of any corporate citizenship effort, and is essential to gaining buy-in, managing expectations, engaging employees, and even . It follows, then, that in order for cross-sector or precompetitive coalitions to be successful, the organizing body needs to initiate a concerted, long-standing effort to create touchpoints and goals against which members can track their collective progress.

For an example, look to the : In February 2016, a group of large self-insured companies鈥攊ncluding Coca Cola, FedEx, Pitney Bowes, The Hartford, Trane Technologies, Verizon, and Walgreens鈥攚ere brought together by the nonprofit American Health Policy Institute to form the Health Transformation Alliance (HTA), designed to reduce health care costs. To date, there are 50-plus major corporations that have joined HTA by making the promise to 鈥渇ix [America鈥檚] broken health care system.鈥�

HTA identified two pharmacies and two medical networks (including Cigna) to make the care provided to all of the companies鈥� employees more streamlined, cost-effective, and focused on improving health outcomes. With a collective presence, HTA companies are working together in the name of transparency, innovation, and value.

Since its formation, HTA has worked with IBM Watson Health to gather analytics to inform how care, outcomes, and patient experiences can be consistently improved upon. Given that HTA鈥檚 collective employee count is more than 7 million, the analytics made available to IBM Watson Health are robust, capable of changing health care in informed and potentially monumental ways.

It has been estimated that HTA-affiliated companies have yielded collective savings of 鈥攁ttributable to both the forward-thinking, proactive methodologies the alliance is committed to offering employees and the weighty negotiating power alliance members have when working together. The business case for consolidating funding and expertise to further goals of promoting and sustaining a healthy workforce is clear: Health care that is focused on improving health outcomes both lowers costs to employers and improves the well-being of employees.

Watch our previously recorded webinar,  to learn from corporate citizenship professionals who have built successful coalitions, how they get started and how they leverage these powerful partnerships.