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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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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
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 Real-time Health Benefits Data Analysis System that Drives Down Utilization
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
DeliversImmediatePlanSavings Via Targeted Outreach Measure & Report Results Deliver Incentives Target & Engage Members Determine Indicators
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
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