“Today, technology allows companies to reduce health costs by connecting the plan sponsors, plan members and provider community in an interactive healthcare system,” Cha said.
Washington, D.C. (PRWEB) March 25, 2010
A new business model incorporating social networking that successfully engages individuals in managing their healthcare was the focus of remarks today by Henry Cha, President of Healthcare Interactive.
Cha spoke at the March 25 Intelligent Health conference, one in a series hosted by the Galen Institute, about electronic health records and Web 2.0 technology.
“Today, technology allows companies to reduce health costs by connecting the plan sponsors, plan members and provider community in an interactive healthcare system,” Cha said. “This virtual social network allows all entities to work together towards better health and higher member compliance.”
Healthcare Interactive, specializes in innovative technology solutions which mainly serve to provide employers with tools to better make better business decisions about their health plans. Using data and predictive modeling software, businesses can gain a better understanding of plan costs and were savings can be achieved.
Cha is a board member for the Healthcare Performance Management Institute (HPM Institute), an organization that supports the education of business leaders about technology and management principles that help deliver more cost-effective healthcare benefits for employers who cover their employees.
The Galen Institute conference series serves to bring members of the business and policy communities together to discuss innovations, challenges and recent progress in the health industry.
Other business leaders who spoke at the Intelligent Health conference included David Brailer, M.D., Ph.D. at Health Evolution Partners, Julian Goldman, M.D. of Massachusetts General Hospital and members of Pfizer Inc, American Enterprise Institute, GE healthy imagination and West Wireless Health Institute.
About Healthcare Interactive
Healthcare Interactive is a research and development company committed to developing innovative technologies to lower employers' medical benefit costs and improve the health of their members. Visit their Web site at http://www.hciactive.com.
About the Healthcare Performance Management Institute (HPM Institute)
The institute’s mission is to introduce and develop a new corporate discipline called healthcare performance management (HPM) — a technology-enabled business strategy that tackles the challenge of controlling healthcare cost and quality in much the same way that enterprises have optimized customer relations, supply chain management and enterprise resource management. HPM provides C-level executives with visibility and control over company healthcare benefits spending trends and risk management postures, while protecting individual employee privacy. For more information, visit http://www.hpminstitute.org.
About the Galen Institute
The Galen Institute is a non-profit public policy research organization devoted exclusively to advancing free-market ideas in health policy. The institute works to promote a more informed public debate over ideas that support innovation, individual freedom, consumer choice, and competition in the health sector.