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HCI Partnership in MyHealthGuide
Sunday, February 1, 2009 | My HealthGuide Newsletter
Point to Point Healthcare, a game-changing technology for the health-care sector that will save employers across the country hundreds of thousands to millions of dollars on their medical-benefit costs, is adding to its arsenal of innovative solutions.
Healthcare Interactive, the Glenwood, MD-based developer of Point to Point, today announces that it has licensed an online tool for use in Point to Point that allows employers and their employees to access vital prescription-drug information.
WellNet Healthcare, with nine U.S. offices, is the majority investor in Healthcare Interactive, which is licensing the technology, called DestinationRx Drug Compare, from Los Angeles-based DestinationRx, a leader in consumer drug-comparison and purchasing technology.
DestinationRx Drug Compare allows self-funded employers, plan sponsors and consumers to reduce their prescription-drug spending by up to 20% by comparing their current therapeutics with lower-cost alternatives.
The DestinationRx technology enables consumers to find direct comparisons on prescription-drug prices as well as therapeutic safety and effectiveness, helping to improve medication compliance.
“One of the biggest flaws with the U.S. health-care sector is that employers and their employees don’t have the necessary information to make wise decisions about their prescription-drug spending,” says Henry Cha, Healthcare Interactive’s president.
“DestinationRx Drug Compare provides an accurate and convenient way for people to find less-expensive prescription drugs,” Cha says, adding that this tool is yet another important feature of Point to Point Healthcare, which he expects will revolutionize the health-care sector.
“Comparing and shopping for prescription drugs is one of the easiest and most effective actions consumers can take to save on their health-care costs,” says Toby Rogers, executive vice president of DestinationRx. “We are excited to be part of this innovative platform to help patients manage their entire health-care experience.”
Point to Point is a Web-based storage system for employers to analyze and interpret critical pharmacy and medical data combined with an online health-care social network that allows employees to connect with all their providers in a secure environment.
Healthcare Interactive and WellNet Healthcare, a data-analysis and health-management company, launched a beta version of Point to Point last August, offering it to WellNet’s more than 200 existing clients. Healthcare Interactive and WellNet will make Point to Point available to the entire business community in the first quarter of 2009.
This technology and administrative platform seamlessly links employees to, among other things, their pharmacy and medical data, care providers, scheduling, chats, gaps in care, drug-utilization alerts, predictive modeling and health-management programs.
About Healthcare Interactive
Healthcare Interactive, founded in 2007, is a privately held software company commercializing innovative technologies for health-care administration and insurance. Based in Glenwood, Md., Healthcare Interactive has developed an information portal and intelligence technologies to enhance existing health- are products that focus on predictive modeling, information sharing and Web services. The company’s signature product is Point to Point Healthcare. Visit www.hciactive.com.
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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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