Stonegate Strategic Advisors' Research Study Provides Insight into What the Corporate Marketplace Seeks From Health and Productivity Management, Disease Management and Wellness Programs
Posted on: Thursday, 10 April 2008, 09:01 CDT
Health and productivity management (HPM), disease management (DM), and wellness programs continue to gain traction in the corporate marketplace, but questions remain about measurable impact, according to a Stonegate Strategic Advisors' research study published on the Managed Healthcare Executive Web site.
To read the study results, go to http://www.managedhealthcareexecutive.com/stonegate. Stonegate principal Scott C. Dillingham authored the article.
The study, conducted in 2007, shows that HPM, DM and wellness programs will become fundamental elements in employer efforts to contain health benefit costs, especially as employers and vendors address gaps in these programs. Employers also see these programs helping them to better manage benefit use and achieve transparency across a broad spectrum of employee data.
Study participants noted current strengths and gaps:
There is growing interest in and use of HPM, DM and wellness programs.
Employers perceive HPM as an "evolution" and ideal future state beyond wellness and DM.
HPM is not well understood as a concept.
Employers still view "standard" DM and wellness efforts skeptically from a financial and business management perspective.
Firms continue to struggle with the data integration, impact measurement, and analysis and coordination efforts required for effective program implementation.
A gap remains between business goals and the perceived ability of HPM, DM and wellness programs to deliver solid measurable impact. When employees are actively engaged in these programs, measurable improvements in healthy behaviors can be achieved. Yet, employers and their vendors still face data management and coordination challenges, unclear health and financial impacts, and softly defined abilities to manage cost and benefit use.
Current DM users; prospective HPM, DM and wellness users; and large group benefit consultancies were interviewed as part of the study.
About Stonegate Strategic Partners
Stonegate Strategic Advisors, LLC, provides strategic counsel and business advisory services to companies within the health and wellness industry. The firm has doubled in size within the past two years by rapidly delivering tangible results for clients through focused assignments and actionable recommendations. Stonegate's unique focus on research and analytical rigor provides the foundation for the practical advice the firm provides. Stonegate's attention to the fundamentals that support strategic decision making enables the firm's clients to think, grow, market and sell more effectively. For more information about Stonegate Strategic Advisors, call 312-397-1111 or visit http://www.stonegateadvisors.com.
Source: Business Wire
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