SHPS Introduces Powerful New Health Risk Engine That Empowers Employers and Individuals to Effectively Manage Health Expenditures
Posted on: Tuesday, 17 April 2007, 12:00 CDT
Accelerating the transformation of healthcare in America with Innovative health advocacy and health benefits solutions, SHPS today unveiled its new health risk engine, a powerful tool that quantifies health risks and proactively monitors the drivers of those risks. It helps define and execute strategies to manage health risks and controls total healthcare spend for both employer plan sponsors and individual healthcare participants.
"With the introduction of the SHPS health risk engine, for the first time self-funded employers have the tool they need to strategically manage the clinical risk they are insuring," states Rishabh Mehrotra, president and CEO of SHPS. "We have raised the bar for the entire health management industry with a system that represents the future of healthcare."
The SHPS health risk engine was developed and tested with a select group of SHPS clients, including some of the nation's largest and most sophisticated employers.
"By using the health risk engine to actively manage and adjust their health strategy, SHPS pilot clients have mitigated their healthcare cost increases considerably," adds Mehrotra.
A highly intuitive application, the SHPS health risk engine can be adjusted to account for unique characteristics of a company's employee population, allowing the employer to monitor the performance of multiple health plans, drill down to specific population health risks, determine appropriate levels of care and trigger clinical interventions. Armed with this information, companies can deploy programs that address key drivers of risks such as gaps in care, medication compliance and individual behavior.
"The engine's Employer Health Index provides objective metrics by which an employer can measure their health strategy and determine what plan design, incentives and clinical interventions have a positive impact on the health of their population," says Krishnan Sastry, SHPS' executive vice president, strategic development and innovation. "Without such measurement capabilities, health strategies and interventions tend to be highly generic and considerably less effective."
In addition to its considerable benefits for employers, the SHPS health risk engine is equally beneficial for educating and empowering individuals to manage their health. Its Personal Health Index assesses an individual's overall risk across multiple health conditions and provides insight into specific opportunities to mange those risks. The risk engine is fully integrated with SHPS health advocacy programs -- including disease management, case management and utilization management -- and provides specific recommendations to help improve an individual's overall health.
"Two people can have identical Personal Health Indexes, but the underlying risk drivers and steps to improve their health may differ significantly," explains Sastry. "By providing detailed decision support tools to individual consumers, we can ensure they are taking the right steps toward better health."
Mehrotra concludes, "SHPS' work with pilot clients has provided undeniable evidence that the SHPS health risk engine has considerable value to employers and healthcare consumers alike. We are pleased to offer it today to the broader self-insured marketplace, as we truly believe that it will help transform the delivery of healthcare and keep expenditures in check."
About SHPS
SHPS provides a broad range of innovative health management tools, resources and services that empower consumers to make wise healthcare decisions. With comprehensive services that transform consumer health behaviors, SHPS' integrated delivery system maximizes the value of consumers' and employers' healthcare dollars. Among its many clients, SHPS serves large and mid-sized employers, health insurance carriers, third party administrators, Medicare Part D providers and government agencies. The company employs registered nurses and health professionals, employee benefit specialists and IT experts in facilities across the United States. Visit www.shps.com.
Source: Business Wire
Related Articles
- Oral Piercings Pose Potential Health Care Risks
- Red Bend's New Release of Device Management Client Software Enables Faster Time to Market
- N.C. Health Insurance Risk Pool Open for Enrollment on Oct. 20
- Health Market Science Selects Portico Systems' Integrated Provider Management to Manage More Than 2,500 Streams of Provider Data
- State, Federal Officials Remind Health Care Workers, Other at-Risk Individuals to Get Annual Flu Shot
- Apollo Health Street Appoints US Healthcare Finance Veteran, Andrew DeVoe, As the Group CEO & President
- HireRight Introduces Next-Generation Drug and Health Screening Solution; Sophisticated Software Solution Facilitates Effective Management of Pre-Employment and Random Drug Testing Programs With Faster Results
- Keystone Mercy Health Plan Selects ParadigmHealth for Neonatal Intensive Care Management Services
- First Phase of Flu Clinics From Maxim Health Systems to Serve High-Risk Individuals
- American Healthways to Provide High-Risk Care Management to Alameda Alliance Medi-Cal Beneficiaries
 |
 |
User Comments (0)
RSS Feeds