PHILADELPHIA, Jan. 26, 2016 /PRNewswire/ -- Picwell, the provider of the most advanced predictive recommendation engine for health plan selection, today announced a partnership with Health Advocate, the nation's leading healthcare advocacy and assistance company and a subsidiary of West Corporation. As part of this strategic relationship, Health Advocate will add Picwell's technology to its Enrollment Advocate solution, further helping its members navigate the complexities of healthcare.
Picwell's advanced health plan recommendation engine will power the relaunch of Health Advocate's Enrollment Advocate program, a service that connects employees with experienced benefits specialists to help them understand the details of available benefits plans. Integrating Picwell's technology into this program will ensure employees have the resources necessary to choose the right plan for their specific needs and maximize their benefits to reduce costs and improve health outcomes. As part of this relationship, Picwell will also offer Health Advocate's personalized assistance to its customers as an available service enhancement.
Picking a health plan is one of the biggest cost decisions consumers make each year, yet it's one that few people feel confident about. Studies have shown that left on their own, only 10 percent of consumers choose the right health benefits plan for themselves and their families. Picwell's proprietary machine learning algorithms harness the power of Big Data to provide people with the information they need to confidently select the right health insurance plan from the options available to them. In addition to getting consumers to the right plan, the Picwell recommendation engine has been demonstrated to provide the average consumer with savings equivalent to one paycheck per year.
"We are delighted to partner with Health Advocate, which has guided consumers through complex healthcare and insurance-related issues for years," said Jay Silverstein, CEO of Picwell. "We share the mission of helping people navigate this difficult industry, and I look forward to seeing the direct financial and health benefits our tool will provide for its customers."
"Working with thousands of employers and brokers, we've found that one of the most important services we can provide is helping employees enroll in the health benefits plan that best meets their needs," said Abbie Leibowitz, M.D., Co-President and Chief Medical Officer of Health Advocate. "Our partnership with Picwell will enable us to more effectively engage employees and simplify the often-confusing benefits enrollment process.
Picwell is the most advanced predictive recommendation engine to enable consumers to select their health plan with confidence. Powering employers, brokers, carriers, healthcare exchanges and benefits providers, Picwell utilizes proprietary algorithms, Big Data, machine learning and behavioral economics to organize and analyze the more than 900,000 variables that affect plan selection and narrow it to the top plans for each individual. For more information, please visit www.Picwell.com.
About Health Advocate
Health Advocate, a subsidiary of West Corporation, is the nation's leading healthcare advocacy and assistance company, serving more than 10,000 clients, including many of the nation's largest companies.
Health Advocate's award-winning Health Advocacy program helps members navigate complex healthcare and insurance-related issues, saving them both time and money. We also offer a suite of complementing solutions, including Wellness Coaching, Pricing Transparency, EAP+Work/Life, Biometric Screening, Chronic Care Solutions, Data Analytics, and Cost Containment programs, among others. Our fully integrated program, EmpoweredHealth, seamlessly combines our services into a single, convenient member-centric solution, helping individuals efficiently maximize their benefits and improve their health.
We also leverage the power of pricing transparency, personalized health communications and more to help members make more informed decisions and get more value out of the healthcare system, all supported by our powerful proprietary data analytics engine delivering improved health and financial results. For more information, visit us at www.HealthAdvocate.com
Zer0 to 5ive on behalf of Picwell