Collective Health Bends the Healthcare Cost Curve, Reducing Year-Over-Year Medical Costs for Self-Funded Employers
Platform-based approach to engaging members in the right care, and reducing administrative waste, makes a dent in American companies’
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Using its end-to-end Workforce Health Management System,
“With our latest report, we can empirically say that we’re helping enterprises care for their people while effectively managing their healthcare spend,” said Dr.
Overall Medical Trend
Trend for clients that have been with
Member Engagement and Improved Decision Making
Diving deeper into medical trend,
In 2017, returning members who engaged with
Intuitive product design can also help members find and optimize care. During the same time period, members increased utilization of telemedicine (+100%) and behavioral health care (+6%).
- Tightening integrations with third-party telemedicine solutions, making it effortless for members to securely login to offerings directly from Collective Health’s web portal and mobile applications.
- Introducing mobile out-of-network claims submission, which alleviates the burden of getting reimbursed for out-of-network claims––an issue all too common in behavioral health care. This in-app feature allows members to snap a picture of a claim, submit it, and get reimbursed––no fax machines, stamps, or envelopes needed.
Administrative Waste
As the end-to-end solution that brings every part of a health plan onto a single platform and runs the financial side of healthcare for clients—from forecasting, to reviewing claims, and ensuring members pay the right out-of-pocket costs—Collective Health is uniquely positioned to identify and to fix common billing and administration errors.
In 2017, the company not only found errors in 57% of invoices from a subset of partners,
The full report can be downloaded here.
About
1 We use Net Promoter Score (NPS) to measure our member experience. NPS is an index ranging from -100 to 100 that measures the willingness of customers to recommend a company’s products or services to others. At
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