Anyone can do a study today and sometimes they get mixed up with marketing ideas so you put that study out there to start working on people and to also create a flurry for more investors to see what you are doing to keep in the public eye and I think this story is exactly that. As a practice, hospital, or what ever in healthcare this is good to know where the profits go from software and analysis services when processing your healthcare claims and in this case, they go to the UK.
TriZetto Group, Owned by Apax Partners-London Based Private Equity Firm, Rolls Out Payer Based PHR
First of all do doctors know what “value based benefits” are? Heck no, they just know if they are not getting paid on claims for the most part. Now the part about the healthcare payer executives I’m sure is right on track as that is their business. How many patients know what value based benefits are? I’m just curious to where they found this highly educated group to survey as in real life, talking face to face I don’t find much of this. This is the real world.
I know one thing though that the investors in the private equity firm that bought Trizetto want to make some money though (grin). The last paragraph is also a bit odd with saying the survey was at a 95% confidence level, so what does that mean exactly? I can also understand the brokers and executives having a full understanding, but the doctors and consumers, not. This is marketing at it’s finest.
Here’s one more blurb about their one of their software programs and they have integrated it with Ingenix, the wholly owned subsidiary of United Healthcare and they just pop up all over the place with so many partners using their algorithms today.
“Quality Care Solutions aligned themselves with Ingenix back in January 2006 to integrate the QNXT software system with the Ingenix Payor products and systems, in other words the algorithms that analyze and score claims. It sounds like more money and profits for that division of United Healthcare.” BD
A new study commissioned by The TriZetto Group, Inc. finds that doctors, health insurers, consumers and other constituents of the U.S. healthcare system say they are ready and willing to adopt value-based insurance designs and related payment programs. Such designs encourage patients and clinicians to make better choices to improve care based on proven best practices, using both better information and financial incentives.
“They concur that a systematic, collaborative approach will cultivate better health, reduce delivery of unwarranted care, promote patients' compliance with health improvement plans and reduce overall healthcare costs.”
"TriZetto's survey finds all constituents of U.S. healthcare in rare agreement," noted Jeff Rideout, M.D., TriZetto's chief medical officer and senior vice president of cost and quality of care. "They concur that a systematic, collaborative approach will cultivate better health, reduce delivery of unwarranted care, promote patients' compliance with health improvement plans and reduce overall healthcare costs."
Reliable at a 95-percent confidence level, TriZetto's study was conducted as a 60-day online survey. Opinion Research Corporation, a global market research firm, conducted 1,761 interviews with the following constituents: 157 healthcare payers, 200 brokers, 200 employer executives, 203 clinicians and 1,001 consumers. Health plan respondents included managers, directors and C-suite executives.
Constituents of the U.S. healthcare system ready to adopt value-based insurance designs: Study
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