Hewitt Launches New Tool to Help Companies Quantify Cost Impact of Value-Based Health Care Designs

Hewitt Launches New Tool to Help Companies Quantify Cost Impact of Value-Based Health Care Designs : "'Value-based design is a viable and compelling approach that — when integrated with other employer initiatives such as focused employee communication, disease management, coaching and wellness programs — can better support and influence the interactions between patients and providers and enable positive patient behaviors while improving health outcomes,' said Jennifer Boehm, a principal at Hewitt Associates who is leading Hewitt's efforts in this area. 'But while these designs are appealing in concept, most companies have struggled with an effective way to quantify the cost implications associated with them. 'We've worked closely with Dr. Fendrick and Professor Chernew to create a comprehensive and interactive tool that enables companies to model, in a fiscally responsible yet clinically sensitive way, 'what if' scenarios that help them understand the cost impact of prescription drug plan changes necessary to implement the most effective value-based design for their employee population.'"