Implementing a corporate Health Performance Management (HPM) program to control costs requires a serious commitment to managing healthcare in a unique non-traditional way. Since health management isn’t a core competency for most organizations, it’s typically an overlooked area of potential cost containment. Organizations that under-take HPM technology embrace three key goals: improving employee health; optimizing health risk management; and targeting significant cost savings.
For many companies, more effective plan management will start by addressing the costs associated with full-service insurance providers who are fundamentally un-incented about making significant progress in healthcare cost reductions. But those cost reductions can only be realized if companies that self-insure access plan claims data that is key to analysis and predictive modeling that helps to identify and measure potential workforce health risk.With direct access to plan clsims data, self-insured companies are well positioned to engage their at-risk workforce in effective wellness programs designed to avoid the high costs of potentially catastrophic conditions.
In a new white paper,” Measure Manage Engage&Save” the Health Performance Management Institute describes how self insured plans can use HPM principles to improve health outcomes and reducd costs. (www.hpminstitute.org)
The Self-Insurance Source 