low cost, saas-based, real-time health benefits data analysis system with nurse coordinated...
TRANSCRIPT
Low Cost, SaaS-Based, Real-time Health Benefits Data Analysis System with Nurse Coordinated Member-
Specific Care that Drives Down Utilization
HR Innovations Catalogue Executive Summary
A No Frills Distillation of Vendor’s Marketing Collateral
Thomas A Ference
President & CEO
Human Resources Mining & Distribution Co
Locating, Validating and Accelerating HR Innovation
Office: 219-662-0201
Cell: 630-240-2583
Fax: 219-661-0236
e-mail: [email protected]
Website: www.hrmdco.com
Real-time Health Benefits Data Analysis System that Drives Down Utilization
• Legacy technology data warehouse vendors do not provide real time analytics / dashboards with which to manage the healthcare plan on a day-to-day basis
• They do not help to drive member outreach campaigns for problem and targeted populations
• This vendor deploys cloud based technologies to provide up-to-the-minute analytics and projections and can identify and prioritize population sub-groups where hidden costs lie (e.g. diabetics, hypertensives, etc.) for targeted outreach
Real-time Health Benefits Data Analysis System that Drives Down
Utilization
• Vendor creates and via RN’s, drives member communication and incentive campaigns so as to drive down costs
• All activity is monitored in real-time by the client and / or benefits advisor via embedded dashboards
• Engages 45% of members which is 9 X the industry norm for disease management and wellness programs
• ROI is measured for each such campaign and averages 15 to 1 or better overall
Visual Road Maps of Usable Information
4
5
EngageAt-Risk
Members
Analyze Claims/Other
Datain Real-Time
PredictFuture
Health Costs
Reduce Spending,
Not Benefits
Improved Visibility into Health CostsReal Time Monitoring of Medical Costs
to Influence Spending Behavior
Delivers Immediate Plan Savings Via Targeted Outreach
6
Measure & Report Results
Determine Indicators
Target & Engage Members
DeliverIncentives
Actual Client Results
$1.1M Savings-$1,441
PE/PY
Nationwide Broadcasting Company
Brand Name Appliance
Manufacturer
Nationwide Brand Name
Retail Clothier
Brand Name DME
Manufacturer
Next Steps• This product/service is contained in the HR Specialty
Products & Services Catalogue™ • Operational level details about this particular service
provider can be obtained in conference with the vendor• The HR Mining &Distribution Co. is an independent and
contracted representative of the vendor• Upon your request, we will arrange for an introduction
that can range from a simple, quick conference call to a services overview / system demo
• Tom Ference 219-662-0201 (Chicagoland area) or [email protected]
• Thank you for your potential interest in this fresh thinking