Nationwide Announces Integrated Health and Productivity Solutions as the Answer to Soaring Health Care Costs
September 07 2006 - 9:00AM
PR Newswire (US)
Nationwide Better Health first company to integrate health and
productivity services to meet employers' and employees' specific
needs COLUMBUS, Ohio, Sept. 7 /PRNewswire/ -- Nationwide Mutual
Insurance Company today announced the launch of Nationwide Better
Health(SM). Nationwide Better Health is the first company to bring
together and truly integrate the best collection of health and
productivity services that work together, or independently, to meet
a wide range of employers' and employees' health and absence
management needs. These services are integrated in a unique way to
help employers take a holistic approach to their employees' health
care needs and reduce their rising health care costs. "We bring a
comprehensive approach to employees' health and well-being," said
Nationwide Better Health President Holly Snyder. "We provide
employers with integrated services for a wide range of health care
needs to improve both the health and well-being of their employees
and the financial health of their companies. It's a simple truth
that healthier employees are not only more productive but less
costly to insure." Nationwide Better Health offers a unique
grouping of offerings under two main categories: - Better For
Life(SM): disease, medical (case and utilization) and maternity
management, and health promotion - Better For Work(SM): absence,
leave and disability management Nationwide Better Health introduces
the industry's only "high touch" integrated disease and disability
management offering. Unlike traditional disease and disability
management programs that operate in silos, Nationwide Better Health
breaks down the barriers between these programs and makes them work
together. The key to this offering is the ability of Nationwide
Better Health to intervene at the disability claim intake process.
The program identifies individual needs and provides the best means
to support behavior change by providing these individuals with the
tools and information they need to return to work quicker and make
better health decisions. A team of nurses, physicians, Ph.D.'s and
other experts work together to make sure the right employees are in
the right programs at the right time -- these professionals
emphasize disease prevention, early detection, education and
accountability. A dedicated health coach then provides employees
with personalized guidance and support, as well as access to
specialized health care services to improve and maintain their
health. The results: quicker and sustainable returns to work,
reduced absenteeism, healthier employees, and a lower likelihood of
additional health care costs. In addition, combining these
offerings in one seamless package eliminates system duplications
and inefficiencies that drive up costs, and provides employees with
coordinated, personalized services. Health care costs are rising
eight to 10 percent a year and are expected to soar to 20 percent
of America's gross domestic product by 2020. As the population
ages, the average retirement age is predicted to reach the mid-70s
by the next decade, driving employer health care costs even higher.
These scenarios underscore employers' urgent needs to achieve cost
control. Nationwide Better Health was formed by combining the
expertise and resources of GatesMcDonald(R), a leader in absence
and disability management, and FutureHealth(R), a leader in
disease, population health and medical management. Both companies
now operate under the Nationwide Better Health brand name.
Nationwide Better Health also provides employers access to
additional ancillary products (supplemental health benefits and
financial offerings) from its parent company, Nationwide, along
with services from key strategic partners to bring the best package
of health and productivity offerings available today. Nationwide
Better Health (through its ownership of GatesMcDonald and
FutureHealth) has documented measurable results in its program's
efforts to reduce costs. Studies of employee participants
demonstrate a substantial rate of compliance with their physician's
treatment plans (asthma - 95 percent, cardiovascular disease - 91
percent and diabetes - 91 percent), which has a measurable impact
on employee health and productivity. Achieving compliance,
particularly with lifestyle changes necessary to halt the
progression of these chronic diseases, is a difficult challenge and
a major problem for many patients. With these kinds of successes,
we've reduced average disability durations based on national
guidelines by an additional 10-25 percent and have achieved
significant medical cost savings for employers. Nationwide Better
Health, headquartered in Columbus, Ohio, with an office location in
Hunt Valley, Maryland, is already working with some of the nation's
leading companies and millions of their employees. The offering is
backed by the reach and power of Nationwide, one of the largest
diversified insurance and financial companies in the world. The
formation of Nationwide Better Health is central to Nationwide's
commitment to be a force in the fast-growing, multi-billion dollar
health and productivity market and supports the company's
commitment to helping people protect and manage their most
important assets, including their health. About Nationwide Better
Health Nationwide Better Health provides a better approach to
helping employers plan their health and absence management programs
more effectively, reduce health care costs and increase
productivity. Nationwide, based in Columbus, Ohio, is one of the
largest diversified insurance and financial services organizations
in the world, with more than $157 billion in assets. Nationwide
ranks #98 on the Fortune 100 list. The company provides a full
range of insurance, financial and health management services. The
Nationwide companies include the country's seventh-largest
property/casualty, the fourth-largest homeowners, the sixth-largest
auto insurance group, and the country's largest farm owners'
insurer. Nationwide Life Insurance Company, the major subsidiary of
Nationwide Financial, ranks 11th in assets according to A.M. Best.
For more information, visit http://www.nationwide.com/betterhealth
or call 866-404-NWBH (6924). The Nationwide framework and On Your
Side are federally registered service marks of Nationwide Mutual
Insurance Company. Nationwide Better Health is a service mark of
Nationwide Mutual Insurance Company. Contacts: Terri Wearsch (614)
249-5755 Eric Hardgrove (614) 677-8516 DATASOURCE: Nationwide
CONTACT: Terri Wearsch, +1-614-249-5755, or , or Eric Hardgrove,
+1-614-677-8516, or , both of Nationwide Web site:
http://www.nationwidefinancial.com/
http://www.nationwide.com/betterhealth Company News On-Call:
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