02 Aug 2016

Healthcare Interactive Names Ron Nall Chief Operating Officer

Experienced technology executive joins HCIactive executive management team to lead operations departments and drive strategic growth

Glenwood, MD (August 2, 2016) – Healthcare Interactive, Inc. (HCIactive) today announced that Ron Nall has been appointed Chief Operating Officer and joins the executive team, reporting to HCIactive’s President, John H Capobianco.

“Ron is a highly-trained professional with a consistent track record for achieving operational excellence.  He’s a valuable asset to the executive team and is uniquely qualified to drive the level of strategic prioritization and accountability needed to achieve our growth initiatives,” said Capobianco.

Effective immediately, Nall will assume responsibility for overseeing all operational functions of the company, including the account management, customer service, IT and software development departments. He will also play a critical role in accelerating the growth of HCIactive’s most robust health plan solution, which allows employers to direct-contract with health systems in order to provide primary care with integrated incentives and wellness services to their employees.

Capobianco, who became president in January, further stated, “I’ve had the pleasure of working with Ron for many years prior to HCIactive, and I am delighted to extend that relationship by collaborating to achieve the company’s growth goals.”

Prior to HCIactive, Nall accumulated over 30 years of experience in organizational leadership, strategic planning, and client services and support through executive positions at technology companies such as Computer Associates, PowerCerv, Oracle and MEDecision.

###

About Healthcare Interactive

Healthcare Interactive, Inc. provides advanced health planning solutions to employers that help attract and retain the best employees by engaging them in their well-being and workplace. Our integrated technology platform, Healthspace™, runs results-driven population health and incentive management programs designed to mitigate risk, control healthcare costs, support Affordable Care Act compliance, and improve member outcomes.

23 Jun 2016

The Real Cost Benefits of Wellness Programs

The Real Cost Benefits of Wellness Programs

By John H. Capobianco, President and CMO of HCIactive

It’s no secret that wellness programs have gone mainstream. Eighty-one percent of large companies and 49 percent of small companies now offer some form of health benefit enhancement program, according to the Kaiser Family Foundation.  Many signed on with the wellness movement based on the promise that these programs would save them money on health expenses, yet not everyone is seeing the savings they expected. There are a number of reasons why. The health costs incurred in some companies may be simply rising too fast, dwarfing the benefits from the wellness initiatives. Other organizations may expect ROI too soon, and become disillusioned when there is little or no change in the first year.

Together, these issues have cast doubt over the effectiveness of wellness programs, causing business leaders to view them as just another expense. They needn’t be. Understanding the real benefits that wellness programs provide, beyond health-related cost-savings, can offer a shift in perspective.

employees

There are four real benefits to wellness programs that will impact your company’s bottom line.

1: IMPROVED RECRUITMENT RESULTS

C-suite leaders consistently say they are challenged to find enough talent to pursue new growth, and the competition is fierce. In past eras, companies offered higher wages to lure talent from competitors, but in a slow-growth economy, few can afford to engage in wage competition. Wise firms are turning to benefits for leverage.

Health benefits top the list of human resource benefits companies use to entice prospective employees, according to the Society for Human Resource Management (SHRM). Their reasoning is sound: HR benefits are among the top factors that prospective employees look for when determining whether to work for a company. Millennial talent in particular places health benefits among their top five evaluation criteria, according to the 2015 Millennial Impact Report, published by the Case Foundation.

The talent is savvy—that is why you want them to work for you in the first place! They know the difference between health benefits that allow an employer to check a box, and benefits designed with the employees in mind. Well-designed wellness plans provide an edge. They supplement generic health insurance coverage with easy and transparent online access to benefits information and medical records. They also take into account growing healthcare trends such as integration with popular fitness devices like Fitbit and apps like MyFitnessPal, as well as offer programs and incentives to encourage positive health behaviors. These features communicate to prospects that your company cares about them.

2: INCREASED RETENTION

Losing a productive employee is expensive. Replacing junior and mid-level employees costs around 20% of that person’s annual salary, while replacing a senior executive can cost twice that person’s annual take-home pay, according to The Center for American Progress. That’s reason enough to hold on to the talent you have.

A number of factors contribute to an employee’s feeling of connection and commitment to their employers. Competitive pay sits at the top of the list of reasons why people stay in their jobs, but employees in all age groups say they are willing to accept a lower salary if they are compensated in other ways, such as through flexible working hours, by working for a company whose mission is meaningful to them, or by having a role that provides opportunities to use talents, or contribute in new ways.


“27% of employees today say that their company’s wellness program contributes to their sense of satisfaction with their job.”


Benefits offer an important contribution to an employee’s sense of commitment. Since 2002, SHRM data show benefits among the top five contributor’s to job satisfaction for employees in all demographics. Employees name health insurance as the benefit that most contributes to their satisfaction, and 27% of employees today say that their company’s wellness program contributes to their sense of satisfaction with their job.

The social and community aspects of wellness programs also contribute to retention. Wellness fairs, in-office services like mindfulness training or yoga classes, and corporate support for run/walk events all provide opportunities for employees to engage in wellness activities together. Social engagement makes people more personally connected to their colleagues—another factor which compels employees to stay where they are.

3: INCREASED PRODUCTIVITY

It is difficult to feel present and productive at work when you don’t feel well, and people with chronic illnesses often don’t feel well. Even those in general good health find that regular exercise, healthy eating habits, and sufficient sleep make them feel more awake, energized, and in a better mood—all critical to creating a productive and positive environment.

Well-designed workplace wellness programs encourage and incentivize these positive behaviors. Moreover, they are effective. A study conducted by RAND shows that people who participate in wellness programs see positive results in the form of weight loss, increased exercise, and more fruits and vegetables in their diets. Study participants report that they feel better, too.

In-house evaluations of wellness programs have likewise highlighted productivity gains. The DuPont Corporation, for example, decreased the number of absent employee days by more than 11,000 after it instituted a wellness program; Pacific Bell Telephone Company likewise decreased absenteeism by .8 days per employee per year, resulting in savings of more than $2 million.

4: DECREASED HEALTH CARE COSTS

I opened this piece acknowledging that many companies see their overall health spending increase faster than the savings they incur. Nonetheless, there is early evidence that well-designed wellness programs decrease medical costs long term.

Companies see the biggest return on investment in programs designed to help employees manage chronic conditions, such as asthma and diabetes. Employees who suffer from mental health conditions such as depression or anxiety likewise benefit personally from better management of their condition, and require less crisis management, which decreases costs.

The numbers can be compelling. In a recent cohort case study conducted here at HCIactive, we found that members who fully participated in wellness programs had a 40 percent reduction in average medical costs compared to members that did not participate. Those numbers were based on analysis of more than two years of data from more than 1700 members. The savings from the participants alone resulted in a $1.7 million annual reduction in healthcare costs. These participants also saw a 6 percent reduction in certain abnormal lab results such as blood pressure and total cholesterol.

CONCLUSION

The bottom line is that wellness programs do work—but not only, and not primarily, as a tool for reducing health-related expenses. Recruitment, retention, and productivity should be part of how businesses evaluate the effectiveness of their benefits offerings. In the area of cost savings, better disease management and positive behaviors will help your employees achieve improved health, resulting in those lower costs over time.

For information about HCIactive’s wellness plans, click here.

About the Author

As President and Chief Marketing Officer, John Capobianco oversees all operations of HCIactive. With over thirty years of experience in the healthcare and IT industries, Capobianco is a proven business executive and technologist with a gift for articulating a compelling vision and inspiring an organization to successfully execute that vision. Before HCIactive, Capobianco grew the business and brands of large companies such as Hewlett-Packard, SAP and CA. He also led high growth companies through successful IPOs and exits at Bluestone Software and MEDecision.

11 May 2016

Advanced Health Planning Company, Healthcare Interactive, Raises $3.4 Million in Additional Funding

Advanced Health Planning Company, Healthcare Interactive, Raises $3.4 Million in Additional Funding

The funding will accelerate the company’s expansion in the population health and direct-contract primary care markets.

Glenwood, MD (May 11, 2016) — Healthcare Interactive, Inc. (HCIactive), the leading provider of advanced health planning solutions, announced that it has received an additional $3.4 million in Series A funding, for a total of $11.8 million, to help accelerate the company’s growth. This add-on funding was led by the Maryland Venture Fund with participation from existing investors Grotech Ventures and Harbert Management Corporation.

“The market is moving towards advanced health planning services, and HCIactive’s cloud-based, integrated platform Healthspace™ is the engine to drive better health plan performance. Combined with a senior management team that has built several successful high-growth, venture-backed businesses in the past, we believe HCIactive has all of the ingredients for huge success,” said Managing Director of Maryland Venture Fund Andy Jones.

The funding will accelerate HCIactive’s expansion in the population health management and direct-contract primary care markets. The company offers a proprietary healthcare platform and advanced health planning solutions that aid employers and health systems (or Payviders) in shifting towards value-based health plan models. Most notably, the company offers online enrollment, incentive management, and wellness activities, along with primary care via health systems partners – seamlessly through its integrated platform.  HCIactive’s platform also interfaces with fitness and medical devices, along with laboratory, EMR, medical and pharmacy data creating a system of record for health plan transactions for incentives.

“We are pleased to receive this additional funding and believe that our financial partners’ commitment further validates the significant growth opportunities ahead for HCIactive,” said HCIactive Chief Executive Officer Henry Cha.

###

About Healthcare Interactive:

Healthcare Interactive, Inc. provides advanced health planning solutions to employers that help attract and retain the best employees by engaging them in their well-being and workplace. Our integrated technology platform, Healthspace™, runs results-driven population health and incentive management programs designed to mitigate risk, control healthcare costs, support Affordable Care Act compliance, and improve member outcomes.

11 Mar 2016

Healthcare Interactive Awarded Population Health and Wellness Contract from Beaver Manufacturing

Healthcare Interactive Awarded Population Health and Wellness Contract from Beaver Manufacturing

Implementation of services are slated to begin as early as this spring.

Glenwood, MD (March 14, 2016) — Healthcare Interactive (HCIactive) has secured a contract to provide population health management, including corporate wellness services, to Beaver Manufacturing Company, Inc. (Beaver), a leading manufacturer of reinforcing yarns for the industrial hose market.

Beginning this April, Beaver will begin implementing the following program features in time for their 2016 enrollment period:

  • Wellness program featuring smoking cessation modules
  • Onsite and telephonic RN health coaching
  • Incentive management with premium deduction rewards for participation
  • Technology platform that integrates all program features
  • Actionable analytics and real-time reporting

“We believe that offering these services to our employees is a worthwhile investment,” said Steve Briley, Beaver’s Vice President of Finance. It goes beyond just providing them with health benefits; we want to create a workplace environment that supports their wellness goals and motivates them to be the healthiest they can be.”

With the addition of HCIactive’s services, Beaver has joined a growing number of employers that invest in enhancing employee health benefits to keep their workforce healthy. According to a new study published in the Annals of Internal Medicine and covered by CNN, “Workplace wellness programs are gaining popularity, and more than 80% of large employers are now using some form of financial incentive to increase physical activity.”

For more information about HCIactive’s population health management services, visit https://www.hciactive.com/solutions/population-health-management/.

###

About Beaver Manufacturing:

Beaver Manufacturing Company, Inc. engages in the manufacture and supply of reinforcing yarns for the industrial hose market. Founded in 1971 and based in Mansfield, Georgia, the company provides reinforcing yarns for industrial hoses for automotive and various industrial applications.

 

About Healthcare Interactive:

Healthcare Interactive, Inc. provides advanced health planning services to employers that attract and retain their most valuable assets by providing a quality healthcare solution that engages employees in their health and workplace. Our technology platform, Healthspace™, runs results-driven population health and incentive management programs designed to mitigate risk, control healthcare costs, support Affordable Care Act compliance, and improve member outcomes.

02 Feb 2016

Healthcare Interactive Names John H. Capobianco President and Chief Marketing Officer

Philadelphia executive brings over thirty years of strategic business experience to Howard County-based, healthcare IT and solutions company.

Glenwood, MD (February 2, 2016) — Healthcare Interactive (HCIactive) today announced John H. Capobianco has been named President and Chief Marketing Officer (CMO), effective immediately. In these roles, Capobianco will have the responsibility of overseeing all operations of HCIactive and will report directly to Chief Executive Officer Henry Cha.

“Capobianco is a proven business executive and technologist with a gift for articulating a compelling vision and inspiring an organization to successfully execute that vision. We are pleased to have him join our executive team, and are confident that his leadership experience, coupled with his proven ability to deliver results, make him the right person to help execute HCIactive’s strategic priorities,” commented Cha.

Capobianco, well known in the Philadelphia to Washington DC corridor, brings to the company a successful track record of more than thirty years of executive experience growing the business and brands of large companies such as Hewlett-Packard, SAP and Computer Associates; and small high-growth companies such as BlueStone Software and MEDecision in the IT infrastructure and healthcare IT industries. At those high growth companies, he helped take both BlueStone Software (BLSW) and MEDecision (MEDE) through successful Initial Public Offerings (IPOs) and other successful equity events.

“I am excited and honored to take on this role. I also look forward to partnering with our talented leadership team, partners and customers to deliver on our growth objectives by executing our planned strategic initiatives,” said Capobianco.

This announcement follows HCIactive’s 2015 Year in Review Summary, released last Friday reporting year-over-year growth and related successes. The company will release its 2016 objectives this week following its annual company meeting.

###

About Healthcare Interactive

Healthcare Interactive, Inc. provides advanced health planning services to employers that attract and retain their most valuable assets by providing a quality healthcare solution that engages employees in their health and workplace. Our technology platform, Healthspace™, runs results-driven population health and incentive management programs designed to mitigate risk, control healthcare costs, support Affordable Care Act compliance, and improve member outcomes.