Helping employers reduce health benefit costs and protect the health and productivity of their human capital for over ten years
-For Immediate Release-
Cheyenne, Wyoming — March 27, 2013 – HCMS Group celebrated its tenth anniversary this month. Grounded in behavioral economics, HCMS specializes in human capital data warehouse services that support the organization’s predictive data analytics, robust online reporting, and clinical prevention service. HCMS Group’s research reference database, with person-centric data on over 3.3 million de-identified individuals from over 100 employers (the most comprehensive in the marketplace), supports their services.
“As an independent private business, HCMS continues to develop disruptive innovation solutions in response to the nation’s need to protect health while eliminating the 30% waste in health benefit costs,” as stated by HCMS Group CEO, Dr. Harold Gardner.
HCMS Group’s information solutions continue to provide resolution to healthcare reform, the design of health benefits, and the overuse of medical services by the high-risk 5% population that incur over 50% of health benefit costs.
A Decade of Clinical Prevention Achievements
Since 2003, HCMS Group’s clinical prevention service, KnovaSolutions, has informed and empowered individuals and their family to take ownership of their own health. KnovaSolutions identifies and engages the 5% population that is driving over 50% of health benefit costs and encourages them to be better medical service consumers under the tag line of, “Your health. Your decisions.”
Shawn Petrini, Senior Vice President and Chief Clinical Officer, had this to say about the success of the evolved KnovaSolutions service: “Over the past 10 years, KnovaSolutions has grown from a concept focused on improving the quality of care experienced by those who are using the most medical services, to an established service that serves over 10,000 members. Our members receive education and support from a team of expert nurses and pharmacists. We are making a difference in the lives of the families we work with and teaching them the real meaning of ‘Your Health. Your Decisions.’”
HCMS Group CEO Dr. Harold Gardner addressed the 5% issue by stating the following: “A major risk of the 5% high-risk population is the risk of too much of a good thing. There are too many medical specialists, too many medical procedures, too many prescription drugs, and too little information from an independent, expert source on the risks and benefits. It is no wonder that most of the cost increase in health care is happening in only 5% of an employee population.”
All-Inclusive Business Intelligence
HCMS Group has most recently enhanced its online reporting service, Online Business Intelligence (O|BI). Now in its eighth iteration, O|BI is unique in taking advantage of the HCMS Group’s robust data warehouse service by reporting on not just health plan performance, but lost time, health/safety programs, and the HCMS Group’s unmatched Human Capital Risk Index (HUI).
“With the release of O|BI Version 8.0, we’ve provided clients and partners with dramatically increased functionality, including the capability of multidimensional analysis which enables a new level of self-service access to client data warehouses,” said Mick Simon, Senior Vice President and Chief Technology Officer. “We’re excited to continue the strong technical tradition at HCMS into a second decade.”
Learn more about HCMS Group by visiting www.hcmsgroup.com.
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