Addressing the "CFO Core Concerns Conference," on June 14, 2011, in Chicago, Institute Executive Director George Pantos stressed that more and more companies are showing positive results by relying on innovative technology, analytics and predictive modeling to manage soaring healthcare costs. "Using dashboards, C-level executives are taking strategic control of plan operations and making smarter decisions related to plan governance and compliance."
He concurred with a key finding of the 2011 Duke University Global Outlook Survey, presented at the conference opening, that high healthcare costs are a major core corporate concern. The Duke survey projects a health cost increase of 8.3 percent for the balance of 2011.
Pantos unveiled profiles of several firms successfully using Healthcare Performance Management strategies, a technology advanced by the Institute, to control costs and improve individual health outcomes. Written materials setting out positive results from The SCOOTER Store, Cumulus Media, The Men's Wearhouse and Viking Range were distributed along with the Institute's white paper, "The Role of Healthcare Performance Management in Controlling Costs and Improving Quality in an Enterprise Environment.”
Pantos appeared on a panel on "Best Practices" in Healthcare Cost Management" along with Dr. Dee Eddington, Executive Director of the Health Management Research Center at the University of Michigan, and Ronald Fontanetta, Director of the Health & Group Benefits Intellectual Capital Practice of Towers Watson.
Pantos noted that the Institute has compiled an impressive body of information that is available on the Institute's Website. He also said an Institute briefing team comprised of HPM thought leaders was available on request to conduct a complimentary workforce health risk appraisal and prepare a customized strategic action plan.
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