New Incentive Approach Drives Near-Term Cost Savings and Engagement
Trifecta™ Methodology Delivers Mix of Immediate, Intermediate and Long-Term Results.
Lyndhurst, NJ, November 03, 2011 --(PR.com)-- IncentOne, the leading provider of incentive solutions to the healthcare industry, has released its latest Research Review on a new incentive methodology – called Trifecta™ - that aligns incentives to actions that produce immediate and intermediate cost savings in addition to longer-term behavior change. Most current approaches to healthcare incentives focus predominantly on behavior change over time, ignoring shorter-term cost savings benefits.
IncentOne’s findings are explained in a Research Review entitled “Delivering Short-Term Cost Savings and Engagement Through Incentive-Driven Healthcare,” the second in the “Science of Health Incentives™” series. The document may be accessed at www.IncentOne.com/trifecta.
Trifecta has also been developed to provide for a mix of outcomes, participation and cost savings program designs, and to be applied to both patient and provider programs.
“While there is significant evidence that incentives impact cost by driving long-term risk reduction, those bearing the brunt of financing healthcare are also seeking short-term results,” said Michael Dermer, President and CEO of IncentOne. “We looked at our 20 million transactions and the perspective of our clients to develop a methodology to realize results in the short term while impacting the longer term and to know what works, what doesn’t work, and why.”
IncentOne’s analysis was based on multiple years of client interactions and volumes of actual incentive and engagement data including:
- 3,500 unique health programs
- 15 million health milestones
- 20 million transactions
- 125 data sources
“It has become well accepted that incentives are a cornerstone of any engagement strategy,” said Dr. David Gorstein, Managing Director of Health Innovations LLC. “A methodology that can deliver immediate and intermediate savings and can be applied to patients or providers and to participation, outcomes and cost saving objectives is sorely needed as we approach the full impact of healthcare reform in 2014.”
About IncentOne
IncentOne delivers cost savings and health improvement by engaging healthcare consumers and providers through the use of incentives. IncentOne serves customers representing over 75 million lives, has processed 20 million health transactions and driven 15 million health milestones through 125 data partners. IncentOne delivers cost savings and health improvement by combining solutions and science - marrying its highly flexible its Universal Remote™ technology platform with the “Science of Health Incentives”™ to drive both outcomes and participation-based behaviors. IncentOne’s Universal Remote technology enables customers to drive “any action for any value for any reward via any medium” and to align incentives not only to long-term savings but also to immediate and intermediate savings via its Trifecta™ methodology. IncentOne’s solutions are married with leading-edge strategies such as value-based benefit design, medical homes, accountable care organizations, telehealth, pay-for-performance and provider payment reform to deliver true engagement. IncentOne programs target consumers to improve utilization, increase prevention, avoid hospitalizations, reduce readmissions, choose lower cost providers, reduce health risks, increase medication adherence and steer benefit selection and providers to adopt e-prescribing and EMR technology, adhere to treatment protocols and improve patient safety. IncentOne is the founder of Incentive Driven Healthcare (IDH)™ - based on its belief that incentives for healthcare consumers and providers is the next great movement in healthcare. For more information, visit www.IncentOne.com.
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IncentOne’s findings are explained in a Research Review entitled “Delivering Short-Term Cost Savings and Engagement Through Incentive-Driven Healthcare,” the second in the “Science of Health Incentives™” series. The document may be accessed at www.IncentOne.com/trifecta.
Trifecta has also been developed to provide for a mix of outcomes, participation and cost savings program designs, and to be applied to both patient and provider programs.
“While there is significant evidence that incentives impact cost by driving long-term risk reduction, those bearing the brunt of financing healthcare are also seeking short-term results,” said Michael Dermer, President and CEO of IncentOne. “We looked at our 20 million transactions and the perspective of our clients to develop a methodology to realize results in the short term while impacting the longer term and to know what works, what doesn’t work, and why.”
IncentOne’s analysis was based on multiple years of client interactions and volumes of actual incentive and engagement data including:
- 3,500 unique health programs
- 15 million health milestones
- 20 million transactions
- 125 data sources
“It has become well accepted that incentives are a cornerstone of any engagement strategy,” said Dr. David Gorstein, Managing Director of Health Innovations LLC. “A methodology that can deliver immediate and intermediate savings and can be applied to patients or providers and to participation, outcomes and cost saving objectives is sorely needed as we approach the full impact of healthcare reform in 2014.”
About IncentOne
IncentOne delivers cost savings and health improvement by engaging healthcare consumers and providers through the use of incentives. IncentOne serves customers representing over 75 million lives, has processed 20 million health transactions and driven 15 million health milestones through 125 data partners. IncentOne delivers cost savings and health improvement by combining solutions and science - marrying its highly flexible its Universal Remote™ technology platform with the “Science of Health Incentives”™ to drive both outcomes and participation-based behaviors. IncentOne’s Universal Remote technology enables customers to drive “any action for any value for any reward via any medium” and to align incentives not only to long-term savings but also to immediate and intermediate savings via its Trifecta™ methodology. IncentOne’s solutions are married with leading-edge strategies such as value-based benefit design, medical homes, accountable care organizations, telehealth, pay-for-performance and provider payment reform to deliver true engagement. IncentOne programs target consumers to improve utilization, increase prevention, avoid hospitalizations, reduce readmissions, choose lower cost providers, reduce health risks, increase medication adherence and steer benefit selection and providers to adopt e-prescribing and EMR technology, adhere to treatment protocols and improve patient safety. IncentOne is the founder of Incentive Driven Healthcare (IDH)™ - based on its belief that incentives for healthcare consumers and providers is the next great movement in healthcare. For more information, visit www.IncentOne.com.
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IncentOne
Patricia Bannon
201-372-9250 x308
www.incentone.com
Patricia Bannon
201-372-9250 x308
www.incentone.com
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