Externally validated methodology generates condition-specific price financial savings throughout the 15 main price drivers
NEW YORK, Feb. 1, 2023 /PRNewswire/ — Summus, the main digital specialty care supplier, as we speak unveiled an industry-first, proprietary methodology to quantify the return on funding (ROI) for organizations utilizing digital specialty care companies. The brand new methodology, validated by Milliman, a number one actuarial agency, delivers reliable medical price ROI. Amid an entry and affordability disaster in healthcare, employers and well being methods search to align well being expenditures with clear ROI knowledge to assist higher, extra cost-efficient medical selections.
Summus’ strategy solves the ROI attribution drawback current in pattern evaluation and aggregated well being situations by analyzing episodic, condition-specific price financial savings, in comparison with widespread follow of trend-based ROI. The methodology accounts for the impression of Summus’ digital specialty care resolution that avoids costly in-person visits, modified therapy paths, and prevented surgical procedures throughout medical situations that drive price in specialised care.
Influence is set utilizing management and therapy cohorts created from populations matched to the affected person with geolocalized prices. Complete medical price financial savings are calculated utilizing knowledge from member and doctor consultations and surveys, and a 3rd get together claims database of greater than 340 million sufferers from industrial, Medicare and Medicaid populations. Affected person journey knowledge is continually up to date, offering an correct, dynamic ROI medical price financial savings.
“In 2023 and past, each employers and well being methods are more and more centered on the monetary return and impression on well being outcomes that digital well being options supply. Reliable data-driven fashions are a crucial basis,” mentioned Mary Mulcare, MD, Chief Medical Officer at Summus. “We provide employers and well being methods the primary ROI methodology that gives digital specialty care financial savings calculations utilizing massive knowledge units and correct evaluation. Understanding the monetary impression of medical care and offering a brand new strategy to accessing specialists around the globe will assist us deal with the fee and complexity in specialised care.”
The Summus ROI methodology has been reviewed and validated by Milliman, a famend worldwide actuarial agency that’s skilled in finding out well being and monetary wellbeing.
Milliman discovered the methodology is in step with actuarial practices to estimate the web monetary impression of a program of this nature. Summus’ estimated financial savings calculation strategy aligns carefully with the enterprise mannequin, the companies supplied, and this system options that drive financial savings; supporting the strategy, knowledge employed, and assumptions made.
By specializing in the drivers of healthcare price and complexity and accelerating entry to the nation’s finest medical recommendation, Summus is ready to obtain medical price financial savings throughout the spectrum of well being diagnoses and situations. The Summus curated doctor community of 5,100+ main specialists empowers members and their households to make knowledgeable healthcare selections which might be proper for them and drive higher, cost-efficient outcomes throughout all well being questions and journeys.
For extra details about Summus’ ROI methodology that captures the fee and harnesses the complexity in specialty care, go to:Â https://gosummus.information/ROI.
About Summus
Summus is the main digital specialty care firm, based with a mission to revive human connection in healthcare. Our proprietary market mannequin attracts main specialists who assist higher insights and choice making throughout all well being questions. With a curated community of greater than 5,100 famend specialists from prime educational medical facilities, and greater than 2.1 million members around the globe, Summus serves because the medical entrance door to entry trusted, top quality healthcare experience, and to assist individuals on the moments that matter most. Be taught extra: www.summusglobal.com.
SOURCE Summus International
