© 2018 valueideas.
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Developed a simple but powerful SINGLE measure for health and vitality of a Whole Person, with multiple factors and dimensions, for individuals, groups, employers and other entities for greater engagement, cost efficiency, better health and healthcare for all.
Our client, a leading healthplan, a part of a leading healthcare system, was operating in a very competitive environment. The employers and brokers were evaluating competitive plans purely on the basis of cost, and thus putting enormous pressure and focus on the cost for our client. Our client, like many others in the industry, had made, and continued to make, huge investments in the areas of patient care and member engagement, but the value of these efforts was not part of the calculus for retaining and or winning business.
Industry – All including Healthcare, Healthplans, Integrated systems
Area – Business Strategy, Customer and Consumer Engagement, Sales & Marketing, Strategy, Innovation etc.
Service – Healthcare Innovation Center®
valueideas started by exploring the following questions:
valueideas studied varies measures prevalent in the industry and concluded that they were too complex and did not address the needs of an employer who has to make decisions on the healthcare costs that are unpredictably changing. These measures did not adequately address the needed incentives or direction to improve the health and productivity while reducing the uncertainty for the management.
valueideas developed the Population Healthiness Index (Φ)℠, a single measure that gives the relative status of health, vitality, productivity and cost for an individual, group, company, or any other entity for which the data exists.