“We have been able to demonstrate very clearly that good healthcare outcomes drive significant cost reductions. But the key to achieving these outcomes revolves around getting those covered by a plan to engage and participate..."-WellNet's Judy Mueller
Bethesda, MD (PRWEB) April 19, 2011
A new profile report on WellNet Interactive from the Healthcare Performance Management Institute (http://www.HPMinstitute.org) shows how corporate wellness programs can improve wellness plan engagement rates to improve health outcomes while simultaneously reducing costs. The report highlights the importance of solid health plan participation rates – particularly with the segments of the community that are at risk – in achieving this dual mission.
WellNet Interactive’s mission is to help employers leverage integrated technology and employee incentives to improve the health of their employees, while also reducing the skyrocketing cost of providing healthcare benefits. Most industry experts believe that the success of an organizational wellness program is directly tied to employee participation in that program.
The twin challenges for most companies developing such plans is how to drive employee participation and how to measure the success of their program in terms of improved health outcomes and reduced plan costs. WellNet Interactive has developed a systematic strategy for identifying and engaging with plan members that need health services the most in a HIPAA compliant manner.
In the report, Judith Mueller, president of WellNet Interactive, points out that participation rates – the percentage of people covered in a policy that actively engage with a plan by following prescribed steps to improve life-style or effectively address health issues – is typically quite low in programs administered by traditional insurance companies.
“In a carrier-based disease-management program, these engagement rates can typically hover around the 5 to 10 percent mark,” she explains in her conversation with George Pantos, executive director of the HPM Institute.
By contrast, she points out that when incentives and proper management structures are put in place, those engagement rates can reach 57 percent, with some organizations experiencing 89 percent participation with covered members of a plan.
“We have been able to demonstrate very clearly that good healthcare outcomes drive significant cost reductions. But the key to achieving these outcomes revolves around getting those covered by a plan to engage and participate effectively with wellness initiatives. It therefore follows that if you can elevate constructive participation in wellness programs, then organizations can achieve the elusive objective of bending back the healthcare cost curve,” says Mueller.
The report is one in a series of profiles that are helping enterprises in all sectors of the economy improve outcomes while bending down the cost curve by implementing management strategies that leverage technology and sound business practices.
To download this profile for free, visit: http://www.hpminstitute.org/content/wellnet-interactive-takes-employee-wellness-next-level
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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