Population Health Management is an area of consulting where we proactively seek ways to reduce the actual risk associated with your benefit programs. Many of the activities surrounding employee benefit consulting are simply ways to shift or price risk such as carrier requests for proposals and employee contribution analysis. Through the development of an integrated population health management program, we begin to actively reduce healthcare risk and thus lower costs both in the short-term and long-term.
This health risk of your employee population ultimately determines your costs on many items, the least of which is medical insurance premiums and claims. Ultimately, the level of the overall health of your employees directly impacts every facet of your organization. Even the experts disagree on how to measure this impact, but the fact that it exists is certain.
By deploying the same strategies that 1% of employers currently use, clients of Vincennes Insurance significantly reduce their risks and costs.
Wellness
When surveyed, over 70% of employers indicate that they currently have a wellness program. Unfortunately when further questions are asked, you quickly come to the knowledge that less than 5% of all employers in the U.S. have a truly integrated wellness program that delivers positive results and return on investment.
It is important to understand that at its’ core, wellness is all about culture change. At the outset, it is important to know that changing a corporate culture requires a dynamic effort, patience, and top-level leaders support.
However for the committed few, the results of an Incentive Based Worksite Wellness Program can be staggering. Many companies have used these strategies to totally transform their organization.
At Vincennes Insurance, Inc., we have developed a proprietary process to leverage our staff wellness consultant and administrative platform. We currently have thousands of employees living better, more productive lives because of the ideas and strategies we have deployed with our clients.
Disease Management
However, there is a growing trend towards a more intensive model of disease management. These more intensive models tend to not be insurance carrier based, but rather driven by employers. The reason is simple; insurance carriers are providing broad based solutions that the overall marketplace will find of value.
For the 1% of employers that really want to get their hands dirty and create a healthier workforce, there are additional strategies with a proven track record of positive return on investment. At Vincennes Insurance, we are poised to assist even the most aggressive, cutting-edge efforts of employers interested in reducing the actual risks associated with their employee population.
Value based benefit design (VBBD) medical plan continue to rise in popularity. Designing medical plans that give financial incentives to employees/dependents if they perform certain wellness screenings and other activities with a proven track record of positive returns simply makes sense. Unfortunately, many insurance carriers and vendors have not fully evolved their actual healthcare plans to accommodate for this shift in market preference.
For employers interested in pursuing this path in the meantime, Vincennes Insurance can help make their vision a reality. Our internal administrative platform allows for accurate administration of even the most challenging medical benefit plan designs.
Further, our consultants are fully educated and experienced in the implementing and administering of such plans; therefore we aren’t learning how they work with your company. Vincennes Insurance can show you the path to success, based upon the prior success of many clients who went before you.
