HealthyCapital Recognized as One of Healthcare & Wellness Industry's Most Innovative Companies

DANVERS, Mass., Nov. 12, 2018 /PRNewswire/ -- HealthyCapital (www.healthycapital.com), a joint venture between HealthView Services and Mercy, named one of the top five large U.S. health systems for the past three years by IBM Watson Health, was recognized as an industry leading healthcare and wellness innovator at the HEALTHCARE ЯEVOLUTION conference on October 28-30 in Orlando, Florida.     

The company's unique approach to actuarially calculating projected healthcare costs for individual employees, and potential savings and additional longevity from improved condition management, led Global Healthcare Resources, and editorial teams at Corporate Wellness Magazine and the Medical Tourism Magazine, to select HealthyCapital for a 2018 industry innovation award. 

The groundbreaking healthtech/fintech company draws upon 500 million healthcare claims from 70 million cases, actuarial data, and government and economic data to project out-of-pocket healthcare costs by age, gender and health condition, and savings from lifestyle changes and condition management. The data and tools incentivize individuals to adopt healthy behaviors to increase life expectancy, reduce personal and employer healthcare costs, and encourage additional savings for retirement.

"Drawing upon more than a decade of experience in providing retirement healthcare data to financial services' clients and employers, and Mercy's experience in innovative condition management, HealthyCapital reveals the cost of poor health at an individual level," said Ron Mastrogiovanni, CEO of HealthyCapital. "By showing the thousands of dollars that can be saved each year, and additional longevity, from simple lifestyle changes to manage chronic conditions such as high blood pressure, our tools provide a powerful incentive to adopt healthier behaviors."

Officially launched in January 2018, HealthyCapital is working with financial services institutions, third-party administrators, benefit consultants, and plan sponsors to provide its data to employees and members through integrated tools and condition management support services to achieve wellness, employee and employer healthcare savings, and increased employee retirement savings. 

"As a practicing physician, I frame the importance of taking prescribed medications and simple lifestyle changes in terms of what is most important to patients, for example, spending more time with grandchildren or a better quality of life in retirement," said Dr. Ray Weick, HealthyCapital's Chief Medical Officer. "By drawing upon millions of medical cases we can now show the financial and longevity benefits of following their doctors' orders and making lifestyle changes."       

HealthyCapital has issued several white papers including "Building Wealth Through Wellness: Incentivizing Healthy Behaviors To Reduce Healthcare Costs & Increase Retirement Savings" and "Health & Retirement Savings: Leveraging Health Care Costs to Drive 401(k) Contributions & Improve Health." The papers highlight the annual savings from improved health condition management for chronic conditions including: high cholesterol, high blood pressure, type 2 diabetes, obesity, and tobacco use. Employer savings from improved condition management with employee populations and how healthcare savings can be using to reduce the cost of healthcare in retirement are covered.

HealthyCapital
HealthyCapital (www.healthycapital.com), a joint venture between HealthView Services and Mercy, draws upon 70 million healthcare cases, and actuarial, government, and economic data to project an individual's out-of-pocket cost savings from lifestyle changes and condition management. The company's data and tools incentivize individuals to adopt healthy behaviors to increase life expectancy, reduce personal and employer healthcare costs, and generate additional retirement income.

Mercy
Mercy (www.mercy.net), named one of the top five large U.S. health systems in 2018, 2017 and 2016 by IBM Watson Health, serves millions annually. Mercy includes more than 40 acute care and specialty (heart, children's, orthopedic and rehab) hospitals, 800 physician practices and outpatient facilities, 44,000 co-workers and 2,100 Mercy Clinic physicians in Arkansas, Kansas, Missouri and Oklahoma. Mercy also has clinics, outpatient services and outreach ministries in Arkansas, Louisiana, Mississippi and Texas. In addition, Mercy's IT division, Mercy Technology Services, supply chain organization, ROi, and Mercy Virtual commercially serve providers and patients in more than 20 states coast to coast.

HealthView Services
HealthView Services (www.hvsfinancial.com) is the leading provider of retirement healthcare cost data, Social Security optimization, and long-term care retirement planning tools for the financial services industry and financial advisors. HealthWealthLink, the company's signature service, is an integrated retirement planning tool that assists financial advisors in preparing personalized estimates of retirement healthcare costs and associated strategies designed to achieve clients' retirement goals.  

SOURCE HealthyCapital

Related Links

http://www.healthycapital.com