New HPM Institute Report Explores how Employers can Harness Social Networking Technologies and Processes to Drive Down Costs and Improve Outcomes

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HPM enables collaboration among patients, providers and researchers to optimize investments in wellness programs, chronic disease management and other issues that affect cost, productivity and employee health.

Healthcare Performance Management Institute

Healthcare Performance Management Institute

“Internet-enabled communities of patients and providers are coming together to communicate and collaborate,” explains Brian Klepper, Ph.D., Healthcare Analyst and Consultant with Health 2.0 Advisors.

A new report from the Healthcare Performance Management Institute (http://www.hpminstitute.org) explores how organizations are applying important principles of social networking to achieve tangible gains in the management of corporate healthcare outcomes while reducing the operational costs of health plans.

The report, entitled: “HPM in the Era of Twitter: Harnessing the Social Networking Phenomenon,” examines how social media and other Health 2.0 initiatives are transforming the healthcare marketplace and how organizations can leverage the power of HPM technology to connect plan sponsors, members and the provider community in a cost-efficient interactive healthcare system.

“Internet-enabled communities of patients and providers are coming together to communicate and collaborate,” explains Brian Klepper, Ph.D., Healthcare Analyst and Consultant with Health 2.0 Advisors. “In so doing, these virtual communities are reshaping the way that healthcare is delivered and consumed,” he says.

The goal is to promote employee wellness while eliminating waste and reducing excessive medical-benefit costs. HPM technology enables plan sponsors to receive and evaluate medical and pharmacy claims data in a HIPAA-compliant manner, allowing companies to forecast and manage risk. When this is combined with an online healthcare social networking environment through which employees may communicate securely with all their care providers, then employers are able to save themselves – and their employees – significant amounts of money while improving the health of plan members.

“Technology providers and healthcare performance management companies recognize the transformational capability of these trends and are working to support them,” says Henry Cha, CEO, Healthcare Interactive.

By freeing health data from silos and fostering sharing and collaboration across platforms and among patients and healthcare entities, it is easier to achieve the full promise of Health 2.0 initiatives: lower costs and better patient outcomes.

To download this report for free, visit: http://www.hpminstitute.org/Era_of_Twitter

About the HPM Institute
The Healthcare Performance Management Institute (HPM Institute) is a research and education organization dedicated to promoting the use of business technology and management principles that deliver better and more cost-effective healthcare benefits for employers who cover their employees. 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.

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Susan Lackey
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