Helping employers get more bang for their health care buck is the focus of a new online tool from the Center for Health Value Innovation.
Employers enter data, such as the number of employees and covered lives, total health care costs for recent years, percentage of health costs spent on pharmaceuticals, and percentage of the population diagnosed with cardio-metabolic conditions, into the Health Value Accelerator and receive an actionable report that focuses on value-based benefit design.
“Instead of looking at just cutting costs, we’re working to help employers find ways to get more value and better results for the money they’re already spending,” says Cyndy Nayer, CHVI president and CEO. “We are focusing on health value as the outcome that will get America’s businesses and communities healthy.”
A value-based strategy includes health plan design, in addition to a suite of incentives and disincentives that influence behavior change.
The tool allows an employer to see how its population compares to national and state indicators and also provides recommended and prioritized actions for value-based design changes.
Nayer discusses the role of outcomes-based contracting and the new Health Value Accelerator in this podcast.
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