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6 Employer Benefits of Hiring a Chronic Condition Management Company


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Chronic condition management (CCM) services are designed to provide support for individuals who suffer from chronic conditions such as diabetes or heart disease. According to the CDC, 90% of the nation’s $4.1 trillion in annual health care spending are for people with chronic conditions. And, at least 60% of Americans suffer from at least one chronic condition, 42% have two or more! CCM companies offer a range of services, including some form of health coaching, patient monitoring, medication reminders and more. With the rising number of Americans suffering from chronic illnesses, employers are beginning to realize the benefits of hiring a company that specializes in these services. Here are six reasons why employers should consider hiring a chronic care management company:

1. More Productive Employees

Healthy employees = More productive employees


Chronic condition management companies help manage an individual’s medications, diet, and other lifestyle habits. The CDC states that “companies that support workplace health have a greater percentage of employees at work every day”. By hiring a chronic condition management company, employers will increase productivity and improve the quality of life for their employees.


2. Reduced Health Care Costs

Medications are the primary line of treatment used to manage chronic conditions. However, 50% of people do not take medications as prescribed [1]. When people are not adherent to their medications, they don’t get the intended health outcomes. When this happens, they end up in the doctor’s office, emergency room, hospital, which increases overall health care costs. When medications are optimized, total health care costs are reduced.


3. Increased Employee Satisfaction

Chronic condition management companies do not only focus on the health of their members; they also take pride in maintaining relationships. Because of this, they make sure to communicate regularly with individuals about their progress and any problems they may encounter. Not only does this keep them informed, but it also keeps participants happy and satisfied with their treatment plan.


4. Increased Revenue

Companies spend thousands of dollars each year on insurance premiums, administrative fees, and doctor visits. A chronic condition management company takes over those responsibilities, giving you more time to focus on running your business and less time worrying about finances. By focusing on the physical health of their employees, companies can help reduce medical bills and other costs associated with chronic illness.

5. Most Offer Guarantees

In most cases, chronic condition management companies offer guarantees. Typically, a chronic condition management company can (and should) report both pharmacy and health care savings. In most cases, the pharmacy savings, which are an immediate impact to your bottom line, will pay for the cost of CCM services. Over time, CCM companies can report total health care savings in the form of reduced hospitalization, reduced emergency room and doctor visits. A harder to measure savings comes from having healthier employees that are present and engaged.


6. Great Service

The relationship between the patient and the provider at the CCM company is analogous to the relationship between the doctor and the patient. The CCM provider is able to spend time to not only understand the patients’ medications, but also understand their habits and lifestyle and customize a care plan that works for the patient. In addition, the provider can coordinate care with the patient’s physician to encourage communication across the patients care team.


Tria Health Can Help

Tria Health utilizes pharmacists for one-on-one consultations for members with chronic conditions. Since medications are the primary treatment method for chronic diseases and pharmacists are medication specialists, they are the best resource to provide support. In addition, Tria Health utilizes intelligent remote monitoring to improve health literacy in between telehealth appointments.


During a consultation, the Tria Health pharmacist will review all current medications, including vitamins and supplements with member. Tria Health will assist members in identifying any possible drug interactions or savings opportunities! Pharmacists will work with members and their doctor(s) to ensure that the intended outcomes from their medications are being received.


Questions?

Contact the Tria Health Desk at 1.888.799.8742

Resources

  1. Health and Economic Costs of Chronic Diseases | CDC

  2. Multiple Chronic Conditions in the United States (rand.org)

  3. Medication Adherence: WHO Cares? - PMC (nih.gov)

  4. Increase Productivity | Control Health Care Costs | Model | Workplace Health Promotion | CDC

  5. Increase Your Practice’s Revenue with Chronic Care Management | iSalus (isalushealthcare.com)

  6. Best Way to Increase Medical Revenue with Health Wealth Safe