Wellness platform offers look at ROI
By Amanda McGrory-Dixon
As health care costs continue to rise, employers are looking for more ways to control spending. Benefits managers have relied on cost shifting, higher co-pays and cutting coverage, but those haven’t been enough.
Instead, more benefits managers are turning to wellness programs, but executives want to see more proof regarding the effectiveness of wellness programs, according to a recent nationwide poll by Healthentic. While there have been plenty of stories outlining how wellness programs are effective, executives want to see hard data.
With Healthentic, an employer can combine its medical, dental and pharmacy data files for a comprehensive look at its employees’ health. Combining all of this data provides an accurate view of which employees are health, at risk and chronically sick.
Healthentic has found that an employer can realize the biggest return on investment by keeping healthy employees health and transitioning the moderately healthy employees into that sector. Identifying the employees that are most at risk can help an employer determine their specific health needs.
The Healthentic platform, the Wellness Decision Engine, offers constant updates of claims data while tracking results of wellness programs over the years, which is the proof many executives require. Benefit managers can also use the platform to implement effective wellness programs according to the company’s data. Chief financial officers automatically receive reports that detail the benefits and possible savings, and it suggests proven wellness programs while outlining the advantages of providing wellness programs that are unique to each individual company.
Originally published on BenefitsPro.com