Employee Benefit Adviser: HPM Can Step in Where Health Reform Falls Short


 

 The much discussed lack of cost containment in the new health reform law is just one factor that has employers nervous about losing their grandfathered status for existing health care plans. The Healthcare Performance Management Institute's George Pantos explains how HPM can come to the cost-saving rescue.

 

Letter from the Director

A Welcome Letter from Executive Director George Pantos
 

As corporations continue to face explosive increases in health costs, executive-level leaders have come to the conclusion that the business model associated with employee healthcare today is very much broken. Since employer-sponsored insurance is the leading source of health coverage in America, it is not surprising that leaders in the private, non-profit and public sectors are looking for practical, cost-effective solutions to reverse the trends in healthcare costs.

 

For this reason, business leaders that established the Institute believe that Healthcare Performance Management (HPM) represents a promising new discipline that must be developed and mastered by organizations of all sizes and sectors. Simply put, HPM represents the use of tested business strategies and technologies to deliver better, more affordable, and more manageable healthcare benefits to their employees.

 

The mission of the HPM Institute, the first think tank of its kind, is not political in nature. Its objective is to address the existing gap in the management of costs and quality associated with healthcare benefits. The Institute is dedicated to exploring how technology-enabled business practices can improve healthcare, in much the same way that customer relationship management (CRM) has optimized customer relations, and (enterprise resource planning (ERP) has streamlined business operations.

 

You are invited to bookmark this unique site and register to receive updated information.

 

George J. Pantos

Executive Director

gpantos@hpminstitute.org

 

 

White Papers
Predicting Healthy Outcomes

Gaining key business insights ensures that the right people receive the right healthcare now and in the future.

 

With the financial decline of 2008 adversely affecting most sectors of the economy, the healthcare industry is feeling the wake of the economic turbulence. Health plan profitability is down, largely due to investment losses, and employers are aggressively seeking ways to control costs. Across the industry, organizations are being challenged to do more with less, and eliminate programs that cannot demonstrate a solid return on investment.

 

2009 Health Care Cost Survey

2009 Employee Survey Highlights

 

Average health care costs will increase 6% in 2009, according to the Towers Perrin 2009 Health Care Cost Survey. While the rate of growth is holding steady with prior-year increases, companies and their employees still face record-high costs in 2009. In flat dollar terms, gross health care expenditure will rise by an average of $532 per employee, to an average total cost of $9,552.

 

Measure, Manage, Engage and Save

Executive Summary

During the mid 1980s, manufacturing giant Motorola developed an internal quality control process it dubbed “Six Sigma,” a method used to identify and eliminate manufacturing defects. The concepts behind the Six Sigma process clarified the role of quality control so well, they were widely adopted across the globe by companies, institutions and governments.

 

When the Going Gets Tough, the Tough Need Insight

Healthcare performance management in a weak economy

Abstract


There are no times like tough times to make the case for performance management software. This white paper reviews the many hurdles faced by healthcare providers and healthcare payers in a down economy and explains how performance management solutions—such as those from IBM— can provide the kind of deep information and insight that decision-makers need to lead their organizations through critical challenges.

Rx Data Analysis Provides Critical Insight for Effective Healthcare Performance Management

Executive Summary:
Escalating medical costs continue to burden employers and employees alike as health benefit plan prices rise at dramatic rates year over year. The ability of health plan managers to mitigate risk, reduce cost and improve healthcare outcomes for those covered by plans is dependent on access to accurate and timely information about key trends in targeted populations. In this report we examine the role played by the effective analysis of aggregate prescription drug (Rx) claims data.

 

The Role of Healthcare Performance Management in Controlling Costs and Improving Quality in an Enterprise Environment

Executive Summary:
In this report, we explore a new corporate discipline called healthcare performance management (HPM) that is achieving the dual objectives of reducing costs while improving healthcare outcomes. HPM is a technology-enabled business strategy that tackles the challenge of health care in much the same way that enterprises have approached the optimization of customer relations, supply chain management and enterprise resource management.

Find Out How to Lower Your Company's Healthcare Costs

 

Institute videos provide a glimpse into the actual application of the HPM business model in the real world. See how employers around the country are using HPM strategies to discover what is increasing their corporate healthcare expenses and the steps they are taking to lower their costs and help improve member health. This area also features educational videos.

 

To view more views, please visit the Multimedia area of the site.

 

 

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