HCMS Approach

HCMS uses a “Health as Human Capital” management approach to support all of its business service products. Central to the Health as Human Capital approach is the premise that “People Matter” and will predictably respond to “economic incentives” embedded in corporate culture, compensation and benefits policies.

The following conceptual model was published by Dr. Gardner in 1996.

HCMS Conceptual Model

The value of human capital to business is increasingly being recognized and is often profiled as the next frontier for Executive, Human Resource, Employee Benefits and Corporate Health Managers. The effective management of an employer's human capital — its vital people assets — is as dependent on information about human capital performance as is the management of physical capital as embodied in business financial management information systems. Human capital productivity is now known to be vitally important to both top line and bottom line business performance.

Information age technology now allows information production and distribution and understanding of the increasing cost to employer and government sponsors of health benefits. Indeed, the high cost of health care and other health benefits reflects significant opportunity cost otherwise available for performance, job training and technology support, and business profitability, if not managed effectively.