Wellth Partners With G8Way Payments To Reduce Hospital Readmissions

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Innovative New Wellth App Drives Patient Participation In Hospital Discharge Protocols, Incentivizing Compliance To Dramatically Reduce Costs Of Readmission

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Receiving a custom branded incentive card with your name on it, and knowing as a patient you can earn as much as $150 if you participate and complete activities prescribed ... is a powerful motivator."

Wellth, a market innovator and leader in the use of mobile technology to reduce hospital readmissions, today announced the company has partnered with G8Way Payments, a leading provider of benefit card and incentive card account solutions, to reduce hospital readmissions. Wellth administers hospital discharge programs for those patients dealing with serious health issues post-discharge, following a significant surgery or adverse event. Wellth’s easy-to-use mobile engagement platform drives engagement and compliance in hospital discharge protocols through simple tools, and by offering incremental cash incentives via G8Way’s Healthy Lifestyle branded, reloadable prepaid cards.

“Readmissions lead to over forty billion dollars ($40 billion) in additional hospital costs annually here in the U.S,” said Matt Loper, CEO of Wellth. “Wellth’s innovative mobile solutions, leveraging incremental incentives to drive compliance in hospital discharge protocols, enable us to save hospitals as much as three thousand dollars ($3,000) per patient per year – a significant cost savings for the large hospitals and health systems we currently serve.”

“Receiving a custom branded incentive card with your name on it, and knowing as a patient you can earn as much as one hundred and fifty dollars ($150) if you participate and complete activities prescribed post-discharge following a significant surgery, is a powerful motivator in ensuring patient compliance,” said Mark Hall, CEO of G8Way Payments. “We’re excited to be integrated into the Wellth platform, and serve as the vehicle for high risk patients to receive rewards for protecting their health.”

About G8Way™ - G8Way Payments, LLC is a fintech innovator and market leader with expertise in healthcare and insurance verticals. The company provides simple APIs and easy integration to proprietary end-to-end claim disbursement and reimbursement, along with benefit + incentive card account solutions that dramatically increase cash flow, streamline payments delivery, and reduce costs for health plans, health services providers, and insurance carriers. The company's cost-effective solutions can either stand alone, or integrate seamlessly with existing front-end platforms to streamline and accelerate payments, disbursements, and funds settlement. To learn more about how G8Way eliminates payments complexity and increases cash flow, visit: http://www.g8wayhealthpayments.com.

About Wellth™ - Wellth works with insurers and risk-bearing providers to improve patient health, outcomes, and costs through the use of financial incentives and behavioral economics served through an intuitive and painless mobile patient experience. Daily adherence is verified through picture submissions and connected devices, which allows patients to earn their rewards with minimal effort and data entry. The company focuses on improving patient behaviors in costly chronic diseases where poor patient adherence is a major driver of preventable hospitalizations, readmissions, and other costs including Type 2 Diabetes, Congestive Heart Failure, Post Heart Attack Recovery, COPD and Asthma. To find out how to demo Wellth visit them at: http://www.wellthapp.com/.

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Kyle Tieman

Matt Loper
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