Iowa Spring Manufacturing of Adel, Iowa and its subsidiary, Southern Atlantic Spring of North Carolina, are launching an innovative initiative to help employees save on their healthcare costs. With the help of Predictive Health Partners of West Des Moines, they are providing employees with a virtual healthcare concierge on their smartphones to help them be better consumers of health insurance and better managers of their health.
There is a growing trend in our country’s healthcare system; many companies are shifting more of the burden of uncontrollable health care costs to employees, from higher deductibles to increased out-of-pocket costs. Makes sense, right? When faced with a 10% increase in forecasted costs, companies believe their best option is to have the insured employees share in that increase. While this may seem logical, many do not realize two significant problems that will be disastrous in the long run.
It’s no secret that 2017 will leave many with mixed emotions. It was a year with both great tragedy and great triumph, and Predictive Health Partners can personally attest to experiencing both. However, 2017 will always have a special place in our hearts.
Steve Hartman of CBS News’ On the Road is a masterful story-teller. He has a way of capturing the essence of the stories of the people he meets and turning their unique backgrounds into something we all can relate to. This feature on a family affected by recent hurricanes in Texas is no different. Hartman does a wonderful job of highlighting the joy of helping and inspiring others during this holiday season. We hope you enjoy it as much as we did.
Since September, the Predictive Health Partners team has been working tirelessly to develop, test and fine-tune our intellectual property and business model. Predictive Health was one of the 18 statewide organizations selected to learn from top entrepreneurial minds through the University of Iowa Venture School. At the end of the course, our team was given the opportunity to present a business pitch to a panel of judges and compete for awards and prize money. After advancing to the final round of the competition, Predictive Health was presented with the Judges Choice award, winning $500.
I recently had the rare opportunity to meet with the youngest of "Schindler's Jews," Holocaust survivor, Celina Karp Biniaz, who was saved by Oskar Schindler. At only 13, Celina was marched into Auschwitz alongside nearly 300 women. Now 85, you’d never guess her story began with such trauma and despair, especially while listening to her youthful outlook on life, her message of forgiveness, or her acceptance of others' opinions and hope.
With the advent of technology, many employer-based wellness programs have incorporated health portals and online technology. But even the best technology will never be able to solve our nation’s health problems. That because it misses the key piece to the puzzle – the combination of a person's motivation to change and the cognitive therapy necessary to change harmful thought processes.
The positive physiological effects of hope are well-documented. According to a recent study, hope can inspire patients to do what few clinicians are able to: make good decisions, forgo bad habits, and see health as a priority and reality in life. But what does inspiring with hope look like?
What if your company could predict which of your top value customers were at high risk of defection and proactively engage them in personalized communications to prevent them from leaving? They probably already do that. What if your business needed to know the status of expensive product shipments that were traveling the world and at risk of being delayed? Would you need to be able to automatically trigger messages to better manage the risk and unnecessary costs? You most likely are doing that too. This means that your company is using predictive analytics.
Any wise employer knows that improving employee wellbeing is one of the most effective ways lower healthcare costs. However, far too many underestimate their role in employee health. As employees spend an estimated 35% of their waking hours working, employers have a key opportunity to take an active role in increasing employee health in the workplace. By creating the opportunities for and encouraging employees to engage in healthier behaviors during the workday, employers can see a significant difference in the health, happiness and productivity of employees. Here are some simple ways you can create a healthier workplace and a healthier bottom line.