Friday, November 20, 2009

Special Healthcare Intelligence Network Report Focuses on Methods Used To Harness Healthcare Costs

Special Healthcare Intelligence Network Report Focuses on Methods Used To Harness Healthcare Costs

After illusions of reprieve, rising healthcare costs once again threaten to knock consumers out of the market. According to The Center for Studying Health System Change, growth in medical costs far surpassed the growth of wages by almost four times in 2004, continuing an eight-year-old trend. Employers are now looking beyond cost-shifting to address the problem from its roots. A 37-page special report, “Reducing Trend & Spend: Harnessing Healthcare Costs in 2005,” produced by the Healthcare Intelligence Network (HIN) describes how healthcare organizations are employing novel methods to control healthcare costs through consumer-driven healthcare strategies, disease management and prescription drug programs.

Manasquan, NJ, (PRWEB) July 5, 2005

After illusions of reprieve, rising healthcare costs once again threaten to knock consumers out of the market. According to The Center for Studying Health System Change, growth in medical costs far surpassed the growth of wages by almost four times in 2004.

This trend is eight years old.

Employers are now looking beyond cost-shifting to address the problem from its roots. A 37-page special report, “Reducing Trend & Spend: Harnessing Healthcare Costs in 2005,” produced by the Healthcare Intelligence Network (HIN) describes how healthcare organizations are employing novel methods to control healthcare costs through consumer-driven healthcare strategies, disease management and prescription drug programs. For more information, please visit the HIN bookstore.

“Employer groups cannot afford the increase they’re seeing,” said co-author Terrance Killian, assistant vice president of pharmacy services, The Regence Group. “They just flat out can’t take double-digit growth every year in drug costs. This is an extremely solvable challenge.”

Joining Dr. Killilea as co-authors of this report are Mary Bryngelson, regional vice president, American Healthways and Dr. Bridget Eber, practice leader of pharmacy and consumer-driven health strategy at Hewitt Associates. Together, these industrial leaders combine their expertise to brainstorm effective means of cost management. In this report, they discuss:

Six Key Healthcare Cost Management Levers; constructing a Build-Your-Own Consumer-Driven Healthcare Plan; steering Prescription Drug Utilization Through Efficacy; the Regence Group's Evidence-Based Formulary Strategy; the Disease Management Teaming Processes and Infrastructure at BCBSMN; results in Health Outcomes for BCBSMN.

“The secret to managing costs lies entirely in quality-of-care measures,” said co-author Bridget Eber. “An area where we’ve taken great strides is more availability or easier access to quality-of-care information and treatment guidelines. That effort has a direct impact on quality and cost management.”

This comprehensive report, available in print and Adobe® Acrobat® PDF formats, provides detailed descriptions of these progressive initiatives, discussing case studies and offering strategies for tackling challenges of medical and prescription cost management. For more information on this product, upcoming audio conferences and related resources, please visit the HIN bookstore.

About the Healthcare Intelligence Network---HIN is the premier advisory service for executives seeking high-quality strategic information on the business of healthcare. For more information, contact the Healthcare Intelligence Network, PO Box 1442, Wall Township, NJ 07719-1442, (888) 446-3530, fax (732) 292-3073,or visit http://www. hin. com (http://www. hin. com).

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