Ringful solutions for employers

In the United States, healthcare spending is expected to reach $2.5 trillion in 2009, accounting for 17.6 percent of the gross domestic product (GDP). By 2018, national health care expenditures are expected to reach $4.4 trillion—more than double 2007 spending. Healthcare expenditures are expected to increase faster than the growth in GDP: between 2008 and 2018, the average increase in national health expenditures is expected to be 6.2 percent per year, while the GDP is expected to increase only 4.1 percent per year.

Employers bear the blunt of the healthcare cost increase since good healthcare coverage is not only an important employee recruiting / retention tool, but also directly relate to improved productivity and reduced the absenteeism. Aside of health insurance coverages, employers also spend $4 billion / year in wellness programs.

To reduce healthcare costs, employers must get innovative and think outside of the box. It is widely accepted that preventive care is the best way to improve care and reduce cost, with the potential to reduce cost by $100 billion / year. But few employers currently have an effective prevention program. And even if they do, less than 14 percent employers actually measure the ROI on their wellness / prevention programs.

At Ringful Health, we provide a set of mobile phone-based apps and backend analytics tools to help employers engage employees for prevention, wellness, and chronic disease management on a daily basis. We collect engagement data for the employers to better understand the ROIs of their various programs, and optimize the spending. Endorsed by health advocacy groups such as the National Association of Healthcare Underwriters, our solutions are technically sophisticated, yet simple to use in daily life.

• Engage employees for healthy living: The Ringful platform uses the patient's own smartphone as a dashboard for personal healthcare data. It provides an instant feedback loop for individuals to drive behavior change toward the more healthy life style, which translates to reduced healthcare cost and improved productivity. Ringful also proactively engage patients with personalized action items and reminders to encourage healthy behaviors.
• Enable data-driven decisions: The data and analytics generated from Ringful applications help employers understand the ROI of their various preventive care and wellness programs. Based on the performance matrix, employers can optimize spending on the programs to archive the best result for their specific employee population.

If you are an employer or health insurer looking to engage employees for healthy life style and reduce cost, please contact us at info AT ringful DOT com to get started!