Archive - 2011
June 11th
Wortham Insurance & Risk Management
Testimonial from a Design180® User: An Introduction
On April 1, 2009 we began using NavigatorMD’s health plan analytics and plan management solutions. As early adopters of the Design180® approach, we integrated the system into our self-funded client's healthcare insurance plan strategies.
Boosting Bottom-Line Business
Achievements:
- Return on Investment of 667%
- On pace to increase book of business by 100% within two years
- Increased Total Revenue by 76% within a year and a half
- Drastically Shortened New Business Closing Cycle
Isolating Chronic Compliance: A Cost Driver Solution
Achievements:
- Cost Per Claimant Decreased by 49.4%
- Greatly Improved Compliance within a Targeted Patient Group
- Participation Adjustments (PEPM) rendered a Aggregate Total Gain of $181,365
- Decreased Year-Over-Year Total Cost by 20.9% despite a 56% Increase in Claimants
- ROI on Initial Cost Driver Population (142) was a remarkable 270% within 12 months
Fitting for Suit: Tailoring A Plan Offering
Achievements:
- Nearly Doubled Plan Savings Goal of $863,900
- Total Plan Savings of $1,690,000 within a 2,300 employee plan
- Established Wellness Initiatives through Incentives and Member Options
- Confirmed and Proved Value in Wellness Initiatives and Plan Recommendations
Contribution Philosophy: A Lesson on Plan Selection
Achievements:
- Achieved a Significant Shift in plan enrollment
- Influenced Employee Behavior for the Better
- Optimized Plan Utilization
- Kept Costs Flat
May 5th
Wellness Investing to Increase Among Employers
Mid- to large-size companies seek value in incentive-based wellness initiatives
Companies across the U.S. continue to invest progressively in the wellness and productivity of employees.
According to a recent study, 56% of mid- to large-size employers felt that an incentive-based wellness approach leads to higher employee participation rates. The study, performed by Fidelity Investments® and the National Business Group on Health (NBGH), analyzed employee wellness programs of 147 companies and found that financial incentives are driving employee participation.
