Register Now
Why register?
Login
 The leading web portal for pharmacy resources, news, education and careers May 28, 2017
Pharmacy Choice - Pharmaceutical News - NovuHealth Offers Insight: How Reward and Incentive Strategies Fit into Medicare Advantage Bids - May 28, 2017

Pharmacy News Article

 4/20/17 - NovuHealth Offers Insight: How Reward and Incentive Strategies Fit into Medicare Advantage Bids

MINNEAPOLIS, MINN (PRWEB) April 20, 2017

With CMS' release of the 2018 final Call Letter, the continued and growing emphasis on quality performance and long-term health improvement requires plans to consider how they include the cost of quality improvement in their bid strategy, for this year and going forward.

At NovuHealth, the health care industry's leading consumer engagement and behavior change company, the solution lies in reward and incentive strategies. The company reveals two key considerations for plans looking toward quality improvement in health careand why intelligent member incentives should be at the heart of it allhere.

"As expectations keep rising, health plans that excel in quality and cost-efficiency will differentiate themselves in the market," said Jordan Mauer, Executive Vice President of Marketing and Member Engagement at NovuHealth. "We've found that Medicare rewards and engagement programs can directly impact both of those efforts."

Today, quality measures are not only vital to a plan's success in the marketplace due to reputation, but also, with more than $3 billion in bonus payments in play for insurers, have a serious impact on plan bottom line. And in this landscape, a quality improvement strategy that does not include a robust focus on customer engagement is missing the mark.

NovuHealth's unique approach to engagement leverages rewards and incentives programswhich fall under the umbrella of Quality Improvement Expenditures (QIE)to not only help Medicare plans optimize the Medical Loss Ratio, but also boost Star quality ratings, improve member retention and satisfaction, and optimize costs.

NovuHealth is the health care industry's leading data sciences and behavior change company, designed to enable health plans to better understand, motivate and connect with members. Leveraging clinical and behavioral best practices, rewards, incentives and personalized communication, NovuHealth delivers high-value member behaviors. Visit us at novu.com.

Read the full story at http://www.prweb.com/releases/2017/04/prweb14260610.htm



(c) 2017 PRWEB.COM Newswire

Pharmacy News Index
  Drug Delivery Systems
  Drugstores
  FDA Final Approvals
  Front Page Healthcare News
  Generic Drugs
  Hospital Industry
  Internet Pharmacy
  IT in Healthcare
  Medicare & Medicaid
  Over-the-Counter Drugs
  Pharm Industry Trends and Policy
  Pharmaceutical Development
  Pharmaceutical Industry

LIVE ONLINE CE

Last Chance
May 30: The American Geriatric Society Beers Criteria: Implications for Pharmacy Practice
May 31: Medication Safety & Drug Safety Alerts
Jun 01: Adult Immunizations: A Guide for Pharmacists, Techs & NPs
Jun 05: Headache Disorders: Focus on Migraines & Tension Headaches
Jun 06: Men's Health
Click for entire Webinar Calendar

Special Announcement

Free Membership
Enjoy Drug Search, industry newsletters and more...

Nursing Jobs
Are you a nurse looking for a job?

Check out the Nursing Job Source.

Your number one choice for nursing jobs.



Websites » RxCareerCenter.comRxSchool.comClubStaffing.comNursingJobSource.comRN.com
Copyright © 2017 Pharmacy Choice - All rights reserved.
Terms and Conditions | Privacy Statement
888-682-4415