The Principal Financial Group says it is using modeling and disease management techniques to help improve the health of employees of medical plan sponsors.[@@]
The cost-cutting strategy is designed to identify and evaluate health care quality, evaluate potential health risks and take other actions to improve the health of medical plan members, the company says.
The analytical tools help identify health care risks or chronic conditions that may lead to sizeable claims, according to Krista Richmond of the national accounts division of the Principal.
“Once we identify a risk, we implement a process that engages the plan member to better manage his or her health and mitigate that risk,” says Richmond.
Around 99% of the Principal’s medical insurance customers participate in the care- management program, the company says.