About HDM BenefitsAudit BenefitsWatch Issue 3 : Third Quarter 2009
Health Plan Economics Newsletter


HDM

Feature Article
Feature Article:
Study finds 90% or more of claim errors missed...

HDM's PreAudit
HDM’s PreAudit:
Quickly determines health plan expense issues...


Established in 1987,
Impact Health is recognized
as the pioneer in the health screening industry

 



“We have the tools to help employers
control current and future health plan
expense starting now.”

These are the words of J. Michael McNamara, CEO of Impact Health, an acknowledged leader in onsite health promotion and biometric screening. McNamara was explaining the value of combining biometric testing with leading edge predictive modeling and HDM’s concurrent health plan analytics service, BenefitsWatch.

According to McNamara, Impact Health is encouraging its health screening clients to take advantage of its partnership with Biosignia, a North Carolina-based predictive modeling company and its revolutionary population disease risk assessment tool, Know Your Number©. “This evidence-based morbidity modeling method is best described as the ‘Next Generation Health Risk Assessment’ (HRA). Biosignia offers the largest suite of chronic disease prediction models in the industry,” McNamara explained.

“Until now, employers lacked the ability to prevent the next big spend of healthcare dollars by identifying those employees who will likely present with one or several chronic disease states in the next five years,” McNamara said. “Know Your Number is unique in that it provides the future disease burden and cost facing the organization.”

The Know Your Number assessment takes a clinical, multi-dimensional approach to disease-risk prediction, so companies have more actionable knowledge to design and implement targeted, results-producing, preventive programs. Know Your Number was created to help an organization achieve measurable ROI on preventive health initiatives, and to assure that all plan members who can benefit from such an initiative are identified early on.

BenefitsWatch analyzes disparate medical and prescription drug claim data from a financial perspective, concurrently, practically as claims are paid. “In addition to picking up virtually all wasted health plan expense quarterly, keeping administrators complaint, monitoring budget, identifying utilization problems, and benchmarking results to industry norms, BenefitsWatch is the perfect complement to Know Your Number, said David McSweeney, HDM’s COO.

“Here’s how it all comes together,” McNamara added. Impact Health’s biometric testing provides the baseline data per covered plan member for Know Your Number predictive analytics. If you add BenefitsWatch to the equation, you now have a strategic system in place to accomplish six important things: 1) minimize current healthcare expense, 2) identify employees who will develop chronic conditions over the next five years and the related costs and 3) institute preventative measures to contain the cost, 4), maximize the efficiency of your preventive program(s), 5), monitor the efficacy of the system and 6) fund a substantial part of the cost through savings realized by Know Your Number and an overall decrease in health plan expense resulting from ongoing BenefitsWatch scrutiny.

Impact Health has promoted employer-based wellness programs nationally for over 22 years with a focus on clinical laboratory medicine. The company’s commitment to quality and best-in-class services is evidenced by its long-standing involvement in employee health management organizations such as HERO (Health Enhancement Research Organization) and IHPM (International Health and Productivity Organization).

For additional information about Impact Health and Know Your Number, visit www.ImpactHealth.com.

For more information about BenefitsWatch, click here.


© 2009 Healthcare Data Management, Inc. All Rights Reserved.