There have been countless articles and conversations about general problems and possible solutions, but in the age of data-driven solutions, anecdotes and general ideas about wellness are not enough to gain executive support.
Seattle, WA (PRWEB) December 19, 2012
For over a decade, healthcare costs have been rising – dramatically. Every CFO in America has been clamoring for a solution to ease these out of control costs. Years of cost shifting, higher co-pays and reducing coverage have done nothing to contain these costs. Benefits managers, the people responsible for choosing and administering employee health care plans, have been at the forefront of this battle to reduce health care spending, but have been unarmed in this battle.
Healthentic set out to deal with this problem in a unique way. After interviewing 138 benefits managers and surveying thousands more from around the country, they came up with a scientifically based solution to help benefits managers solve this problem, once and for all.
The focus on wellness, or keeping healthy people healthy, has gained wide acceptance in recent years. The problem has always fallen on proving it to the executives at a company. There have been countless articles and conversations about general problems and possible solutions, but in the age of data-driven solutions, anecdotes and general ideas about wellness are not enough to gain executive support. The CFO wants proof that wellness works and, more specifically, that it works for the employees at their company.
Healthentic’s solves this problem by combining a company’s medical, dental and pharmacy data files to create a comprehensive view of their overall employee health. By combining mountains of data and distilling it to its elements, they can paint an accurate picture of which employees are healthy, which are at risk, and which are chronically sick.
Surprisingly, the biggest return on investment comes from keeping the healthy people healthy and moving the moderately healthy into that group. By identifying the largest risks to a specific population, from health and cost standpoints, proven wellness programs are recommended to target the company’s specific health needs.
With regular additions of claims data, Healthentic’s platform, the Wellness Decision™ engine, is able to track results of these wellness programs over time, giving executives the proof that they need to track the return on investment (ROI) of their wellness programs.
The Wellness Decision™ engine provides the benefit manager with the tools they need to establish effective wellness programs based on their real data. The Wellness Decision™ engine automatically creates CFO reports that outline the benefits and associated potential savings to the company, recommends proven wellness programs available in the area, and explains the tangible advantages of offering wellness programs tailored to the specific needs of their company.
Finally, there is a light at the end of the tunnel for benefits managers. The days of walking into the CFO’s office without substantiated and proven wellness solutions are finally over.
For more information on this topic or to schedule an interview with Healthentic’s CEO, please contact Laura Messenger, lmessenger(at)healthentic(dot)com or Scott Purcell, spurcell(at)healthentic(dot)com. Visit http://www.healthentic.com for further information.