September 13, 2019
If you’re like most employers, your benefits data sit in separate databases at different vendors. You really don’t think much about the data itself, relying instead on vendor reports to see how much your plan is costing you and the most prevalent conditions in your population.
While not new, value-based insurance design (V-BID) is getting a lot of attention as a way to improve health outcomes and reduce costs. The Centers for Medicare and Medicaid Services (CMS) began a 5 year pilot with MedicareAdvantage plans in 7 states.
Healthcare spending now accounts for 17.9% of our gross domestic product (GDP), and it’s expected to reach 19.7% by 2026 (CMS). Private health insurance spending rose 5.1% to $1,123.4 billion in 2016, accounting for 34 percent of total National Health Expenditure (NHE).
Innovu was founded on the belief that by bringing together vast silos of data, we can unlock powerful knowledge to solve complex challenges.
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