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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

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slide1

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: tference@hrmdco.com

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
real time health benefits data analysis system that drives down utilization1

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
Real-time Health Benefits Data Analysis System that Drives Down Utilization
slide5

Improved Visibility into Health Costs

Real Time Monitoring of Medical Costs to Influence Spending Behavior

Predict

Future Health Costs

AnalyzeClaims/Other Data

in Real-Time

Engage

At-RiskMembers

ReduceSpending,

Not Benefits

delivers immediate plan savings via targeted outreach
DeliversImmediatePlanSavings Via Targeted Outreach

Measure & Report Results

Deliver

Incentives

Target & Engage Members

Determine Indicators

actual client results

Nationwide

Brand Name

Retail Clothier

Brand Name

DME

Manufacturer

Nationwide

Broadcasting

Company

Brand Name

Appliance

Manufacturer

$1.1M Savings

-$1,441 PE/PY

Actual Client Results
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 tference@hrmdco.com
  • Thank you for your potential interest in this fresh thinking
Next Steps