April 5, 2022
We believe we can help eliminate waste in healthcare. Health plan spend is one of employers’ highest expenses, which averages $10,000 annually per employee.
In a new independent clinical care management study conducted by Wakely, a leading actuarial firm, researchers found those who adopted HealthComp’s clinical care management programs saw 19% lower medical costs compared to the industry average and 30% lower utilization of healthcare services.
This analysis was conducted to evaluate the effectiveness of our care management programs by comparing costs and utilization to industry averages. Given the large variations in costs that occurred due to the COVID-19 pandemic, 2019 claims costs were evaluated.
We examined the following clinical care management programs:
These programs are recommended in part by the Health Risk Assessment (HRA). HealthComp’s in-house clinical team proactively touches an employer’s entire member population via messaging and call campaigns to conduct an HRA. This approach helps produce trust in the HealthComp/member relationship and better outcomes by uncovering health risks early.
Overall, for the metropolitan statistical areas and enrollee subsets studied in this analysis, HealthComp achieved reductions in the cost and utilization of services compared to the large group employer market in those same areas.
Visit our Clinical Care Management program webpage to access the full report.