Healthways, Inc.: Bending the Healthcare Cost Curve - Darren Hodgon, Healthways, Inc.
Darren Hodgdon, President, Provider Market for Healthways, the leading global population health management company that will be joining the upcoming marcus evans National Healthcare CXO Summit Fall 2011, on improving community well-being. Interview with: Darren Hodgdon, President, Provider Market, Healthways, Inc.
Published on: Mar 3, 2016
Transcripts - Healthways, Inc.: Bending the Healthcare Cost Curve - Darren Hodgon, Healthways, Inc.
October 24-26, 2011 | Red Rock Casino • Resort • Spa | Las Vegas | NVHealthways, Inc.:Bending the Healthcare Cost Curve Darren Hodgdon, President, Provider Market for Healthways, the leading global population health management company that will be joining the upcoming marcus evans National Healthcare CXO Summit Fall 2011, on improving community well-being. Interview with: Darren Hodgdon, President, Provider Market, Healthways, Inc.FOR IMMEDIATE RELEASE“Managing healthy, at-risk and chronic populations For health systems, we monitor populations in betweensimultaneously is the only sustainable way of slowing the episodes of care 24/7/365 providing patients with cleardemand on care and bending the cost curve,” says Darren direction and appropriate coordination and support. We doHodgdon, President, Provider Market, Healthways, Inc. this leveraging with over USD 1 billion invested in technologies and clinical intelligence which are tailored to each client toAhead of the marcus evans National Healthcare CXO drive multiple resources including clinical intervention, healthSummit Fall 2011 in Hollywood, Florida, October 24-26, coaching, and online and mobile self-management tools.Hodgdon discusses how healthcare Chief Executive Officers(CEOs) can better the well-being of their community, and When this is distributed over a population, good health issubsequently their organization’s bottom line. maintained, actionable risks are mitigated to slow the progression of disease, adherence to care plans is improvedImproving well-being across populations requires an efficient and the well-being of communities is enhanced.process that begins with a full understanding of individualneeds, according to the Healthways website. What insights What could healthcare CEOs learn from the latest Gallup andhave you gained from your research into this? Healthways Well-Being Index?Darren Hodgdon: With Gallup, our joint scientific council has Darren Hodgdon: A significant share of healthcare utilizationcategorized six dimensions that define well-being: Life is driven by poor behaviors and has very little to do with theEvaluation, Emotional Health, Physical Health, Healthy care that patients receive.Behaviors, Work Environment and Basic Access. Our Well-Being research clearly demonstrates that when weLife Evaluation is on how we view the future; Emotional are able to identify barriers and stressors in people’s lives andHealth is how we cope with the stressors in our lives; Physical teach them better coping skills or help coordinate access toHealth is about managing the responsibilities in our busy lives needed resources, we can elevate well-being. Since access,and whether we function as well as our peers; Healthy affordability and quality of healthcare weighs in so heavily onBehaviors is on how our lifestyle choices affect our well-being; people’s lives, working together with a high performing healthWork Environment is about how our work environment, system is critical to our purpose. When well-being is enhancedwhere we spend most of our awake time, affects us; and healthcare utilization is reduced and performance is improved.lastly, Basic Access, informs us if people have access toprimary needs to optimize their health and performance, Cost reduction is a top priority for healthcare CEOs. Howincluding affordable fresh foods, safe exercise and access to could this be achieved?quality healthcare. It is this information combined with clinicaland claims data that allows us to personalize our solutions to Darren Hodgdon: We take a partnership approach to addressthe individual to change behaviors and achieve sustainable the real dilemma that most health systems are facing, that is,outcomes. how to survive in an environment of declining reimbursement, www.healthcare-summit.com
October 24-26, 2011 | Red Rock Casino • Resort • Spa | Las Vegas | NVovercrowded EDs, increasing regulations and adverse shifts in say “to keep everyone where they are”; maintain the healthy,case mix. As the industry moves from volume to value, we mitigate the progression of illness, and keep the sick fromfocus on improving efficiency by providing a deep analysis of getting sicker. This requires managing the entire population.all service lines and cost centers, so our clients better We help redesign care teams and care plans to supportunderstand where they make or lose money. Armed with physicians with the appropriate clinicians, coaches and self-good data, we then work with leadership developing a management tools and use predictive models to identify thecomprehensive plan to sequence a series of performance needs of everyone within the defined population.improving initiatives that result in better quality and lower unitcosts. This results in a trifecta, more patient encounters, improved outcomes and lower trend over time.At the same time, we help phase in new programs likereadmission avoidance and chronic care management as a Any final thoughts?means of strengthening the bridges to outpatient services andprimary care. How these services get phased in is carefully Darren Hodgdon: We see a lot of confusion and dysfunctionpaced to how well we can replace declining income through in the market and everyone is having to cope with so muchbetter contracting, increasing market share and driving better uncertainty but some are doing it better than others. We areefficiency. helping our clients take a hard look at their business today and helping them shape a vision of the future by identifyingWhy is it critical to engage a population with its well-being key market and legislative drivers that are quickly changingimprovement, and how can it be done successfully? their world.Darren Hodgdon: In health our populations are aggregations By organizing this information for them, they are betterof individuals who collectively represent financial risk. This can equipped to develop their strategies and create their three tobe a health plan, an employer or a physician’s panel. In an five year plans. We believe that regardless of Reform,environment of accountability and a shift to value-based improving quality and lowering costs must occur. Those thatreimbursement, understanding how to manage populations is move first will be advantaged to capture more market sharean effective hedge against impending risk. and contract with payors differently so they are rewarded for their efforts.By managing an entire population you can better spread yourrisk. In simple terms, we aim to achieve zero trend, that is to www.healthcare-summit.com
October 24-26, 2011 | Red Rock Casino • Resort • Spa | Las Vegas | NV Contact: Sarin Kouyoumdjian-Gurunlian, Press Manager, marcus evans, Summits Division Tel: + 357 22 849 313 Email: firstname.lastname@example.org About the National Healthcare CXO Summit Fall 2011 This unique forum will take place at The Red Rock Casino, Resort & Spa, Las Vegas, Nevada, October 24-26, 2011. Offering much more than any conference, exhibition or trade show, this exclusive meeting will bring together esteemed industry thought leaders and solution providers to a highly focused and interactive networking event. The Summit includes presentations on solutions to the transformation of the healthcare system, improving patient care and safety and budget tactics to combat cost escalation. For more information please send an email to email@example.com or visit the event website at www.healthcare-summit.com marcus evans group – healthcare sector portal Please note that the summit is a closed business event and the number of participants strictly limited. About Healthways Healthways is the leading provider of specialized, comprehensive solutions to help millions of people maintain or improve their health and well-being and, as a result, reduce overall costs. Healthways solutions are designed to help healthy individuals stay healthy, mitigate and slow the progression of disease associated with family or lifestyle risk factors and promote the best possible health for those already affected by disease. Our proven, evidence-based programs provide highly specific and personalized interventions for each individual in a population, irrespective of age or health status, and are delivered to consumers by phone, mail, internet and face-to-face interactions, both domestically and internationally. Healthways also provides a national, fully accredited complementary and alternative Health Provider Network and a national Fitness Center Network, offering convenient access to individuals who seek health services outside of, and in conjunction with, the traditional healthcare system. For more information, please visit www.healthways.com Contact: Darren Hodgdon, President, Provider Market, Healthways firstname.lastname@example.org About marcus evans Summits marcus evans Summits are high level business forums for the world’s leading decision-makers to meet, learn and discuss strategies and solutions. Held at exclusive locations around the world, these events provide attendees with a unique opportunity to individually tailor their schedules of keynote presentations, think tanks, seminars and one-on-one business meetings. For more information, please visit www.marcusevans.com All rights reserved. The above content may be republished or reproduced – kindly inform us by sending an email to email@example.com www.healthcare-summit.com