Business Intelligence Center

You are here: Home : White Papers : Budgeting & Planning : Business Performance Management : Abstract

Metrics To Help Lower Healthcare Costs

Sponsored By Physmark Inc.

Topics:: Budgeting & Planning > Business Performance Management; Employee Benefits & Human Capital > Health Care; Finance & Risk Management > Benchmarking/Metrics

View White Paper now

Free registration is required

Abstract:: In most companies, employee healthcare is a significant contributor to expenses and with the realization that cost increases are mainly due to the rising medical needs of chronically ill employees, the focus has shifted to preventive healthcare programs. Clinicians who sponsor the programs believe in them but CFOs on the other hand see the increased costs but not the promised savings.

The problem is that we have "cost models" that are based on age and sex, and "preventive care models" that deal solely with clinical matters, but nothing that really integrates them. Physmark has created a new (patent pending) cost model to help companies identify which programs work and which don't and calculate cost savings simply from claims data. Using such analysis CFOs can, as a buyer, bring free market sensibilities to weed out inefficiencies and promote quality and cost savings in healthcare.

DETAILS

Sponsored by: Physmark Inc.

Released: January 06, 2010

Length: 6 pages

Format: PDF (88 kb)

Email this abstract

These white papers are not created by the CFO.com editorial staff. In order to view these papers, you must register with CFO.com and agree to share your contact information with related product/service companies.