With a heightened urgency to control costs and improve employee and member health, businesses across the nation are turning to WellNet’s Healthcare Performance Management technology to deliver accelerated and unprecedented cost savings and efficiency gains that lower total medical benefit expenses today.
Outlined below are the results of Cumulus Media, who just last week announced their $2.4 billion acquisition of Citadel Broadcasting. Cumulus Media is a portfolio company of private equity firms, including The Blackstone Group, TH Lee and Bain Capital.
| KEY FACTS | |
| Headquarters: | Atlanta, Georgia |
| Start Date: | January, 2009 |
| Business: | National Radio Station Operator |
| Population: | 1,454 ee’s/2,572 members |
| Executive Endorsement: | Strong |
| Member Participation: | 79% |
| Member Communication: | Ongoing |
| Incentive: | Premium Reduction |
| Medical PlanTrend Reduction: | 8% to .06% |
| INTEGRATED CARE MANAGEMENT | |
| High Risk Members: |
55 members 2% of population 5.5 conditions per member $4mm in undetected claims cost |
| Medium Risk Members: |
453 members 18% of population 3 conditions per member $17mm in undetected claims cost |
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Point to Point's Active Reporting system is highly informative on a real-time basis and has helped me save $238,000."
Vice President of Human Resources
University
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"For the first time, we’re catching problems before they become catastrophic. WellNet’s the type of partner that’s proving that they’re able to drive down medical costs."
Consultant
Mid and large size businesses
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"We were confident that we would save money with WellNet and we liked their service model, what we did not know was how much they were willing to dig in and drive the process for us."
Vice President of Human Resources
Hospital facility
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We have saved $850,000 by using WellNet’s Point to Point technology. Medical expenses are lower, but the level of coverage is not and members are not paying more. WellNet provides valuable information that is understandable and they provide effective turn-key strategies to lower claims over the long term."
Director of Human Resources
School District
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"You finally have unlocked the black box. I can only imagine that this platform is going to disrupt many outsiders’ revenue streams. I told my VP of HR this past year that I wanted something that gave me control of my healthcare expenses, not the same 18% increase that then gets knocked down to 12%. You guys have nailed it. I’ve never seen anything like Point to Point before."
Chief Executive Officer
National Nursing Home Chain
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Every single service representative we work with at WellNet is outstanding! Their advisors' responsiveness, knowledge and caring attitude are the best we have seen in the business – and we have seen a lot!"
Director of Employee Benefits
Hospitality firm
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"It makes complete sense to correlate the Rx usage with the medical plan. With WellNet we can now monitor this and make better proactive decisions based on what the data tells us."
Vice President of Human Resources
Financial Magazine
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"Having data analyzed and interpreted will help in planning for the next 3 to 5 years out, which every CEO needs to do. Any growing company needs to be thinking about all of their healthcare benefits; having this kind of data allows us to manage our 3rd biggest expense as we approach all of our other business units."
Chief Executive Officer
Manufacturing firm
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"What haven’t you included in here? If I understand correctly, there’s no piece of data or healthcare service that’s not included here. This is brilliant."
Senior Vice President of Human Resources
National and Regional non-Profit
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"I have got to tell you that you really ’WOWED’ all of us, not only with the extent, usefulness and volume of data but also with Point to Point’s ability to present and interpret. We view your technology as an extremely useful tool."
Employee Benefits Manager
87 location Mid-Atlantic Bank
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