| Outcome-based incentives are a valuable and important tool to encourage health behavior change and results among a defined population. However, with the growing trend toward outcome-based incentives, the incentive structure needs to balance this motivation with the sustainability of a program and regulatory requirements.
In its "2012 Health Care Changes Ahead Survey Report," Towers Watson reports growing interest in outcomes-based wellness plans. Some 25 percent of employers rewarded incentives based on biometric outcomes in 2011 and an additional 9 percent reported that they planned on rewarding incentives based on biometric outcomes in 2012. Moreover, 48 percent reported considering this approach for 2013 or 2014.
Listen to pre-conference comments from John Riedel.
During Health and Wellness Incentives: Positioning for Outcome-Based Rewards, a February 4, 2013 webinar, available for replay, John Riedel, president, Riedel & Associates Consultants, Inc., shares the key strategies in sustaining a health and wellness incentive program and moving toward outcome-based results.
The conference covers:
- How to build an outcome-based incentive structure into a value-based benefit design;
- The key differences between incentives for an initial health behavior change versus a sustained behavior change;
- The trade-off between intrinsic and extrinsic incentives;
- How to engage participants in an incentive program; and
- Complying with regulatory requirements that govern incentive programs, particularly when outcome-based initiatives are implemented.
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You can watch this program right in your office and enjoy significant savings — no travel time or hassle; no hotel
expenses. Its so convenient! Invite your staff members to gather around a conference table to listen to the CD, DVD or the
On Demand version.
WHO WILL BENEFIT FROM THIS CONFERENCE?
CEOs, medical directors, wellness professionals, human resources professionals, disease management directors, managers and coordinators, health plan executives, care management nurses, business development executives and strategic planning directors.
ABOUT OUR PANELIST:
||Outcomes-based incentives should be built into an overall incentives offering.
John E. Riedel, MBA, MPH, is President of Riedel & Associates Consultants, Inc (RACI). RACI provides health and productivity management services to self-insured employers and employer coalitions, health plans, hospitals, disease prevention and disease management providers, and pharmaceutical companies. RACI services include market research, survey design and deployment, strategy development, product development and positioning, and measurement design.
Mr. Riedel was responsible for development of a comprehensive health and productivity management training program (called HPM Clinic) in collaboration with the American College of Occupational and Environmental Medicine and the Integrated Benefits Institute. He was co-developer of the Blueprint for Health an on-line tool that estimates the total cost of poor health including direct medical cost, absence, and presenteeism. And he recently co-developed Workforce Health and Productivity: How Employers Measure, Benchmark and Use Productivity Outcomes.
Mr. Riedel writes and presents regularly on the topics of health and productivity, wellness, disease management, and value-based design. John received his MBA from Aurora (Ill.) University and his MPH from the University of Illinois, Chicago. He holds a Certificate of Applied Management from George Williams College, Downers Grove, Ill. He lives in the front range mountains of Colorado with his wife Mary and his dog Huck, a Hurricane Katrina survivor.