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Payers, Providers, Patients Provide Unique Perspectives Regarding Consumer Engagement Investments and Effectiveness

Value-based care propelling investment in consumer engagement, while consumers are thirsting for change, relevance, and access

www.changehealthcare.com

News provided by

Change Healthcare

Oct 04, 2017, 09:00 ET

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PHILADELPHIA, Oct. 4, 2017 /PRNewswire/ -- Change Healthcare today announced insights revealed in The Engagement Gap: Healthcare Consumer Engagement in 2017, a new national study of 89 payers, 251 providers, and 771 consumers. The research, conducted by ORC International and commissioned by Change Healthcare, sheds light on why and how payers and providers are focusing on consumer engagement, where they're investing, and differences in their priorities. It also reveals concerning gaps between what payers and providers think they're achieving and what consumers are actually experiencing.

Investment in consumer engagement is a top priority for 80% of payers and 72% of providers, and value-based care is the top reason why, followed by competitive pressures and consumer demand for a more retail experience. But while a third of healthcare IT investment dollars are earmarked for consumer engagement, 72% of consumers say their experience with providers and health plans hasn't improved or has worsened in the past 24 months. Less than 21% reported an improved experience. Moreover, consumer engagement is hampered by a "millennial gap" that shows older patients aren't getting the attention they need to benefit from consumerization strategies.

"Payers, providers, and consumers sometimes have different agendas when it comes to engagement priorities and efficacy, and these insights are critical to informing investment strategies," said Carolyn J. Wukitch, Senior Vice President & General Manager, Network and Financial Management, Change Healthcare. "Consumers want new and better tools because they now have a greater financial responsibility. But the research shows technology investment is just a first step. Payers and providers have opportunities to capitalize on their investments, tailor experiences to what consumers want, promote adoption of these innovative services, and solicit feedback—and that goes double for the largest part of the population, older patients. Engagement requires more than tools alone."

The Engagement Gap: Healthcare Consumer Engagement in 2017 will help stakeholders see how the industry is responding to the consumerization of healthcare.  In addition to priorities and drivers, the study outlines which engagement strategies are gaining or failing, what consumers are using and what they want, how stakeholders are collaborating, and more.

Payer and provider survey participants comprised senior executives, director level and above, across medical management, finance, technology, and strategy. All were screened to ensure their personal knowledge of their organization's consumer-centric strategies, programs, and solutions.

The study included 251 providers from all U.S. regions, with 55% from hospitals with over 250 beds, 30% with 100-250 beds, and 15% under 100 beds. Of those, 71% were community hospitals, 22% teaching hospitals, and the rest were city, county, and pediatric facilities. The patient populations' insurance mix was 35% commercial, 34% traditional Medicare, 22% traditional Medicaid, and 8% self-pay, with 47% part of an Accountable Care Organization (ACO) and 63% part of a health system.

The study also included 89 payer executives representing a similar geographic distribution across a range of organization sizes. These included Medicare Advantage, employer-sponsored, individual market (off-exchange), Managed Medicaid, and public exchange insurers; with 20% covering 100,000 to 500,000 lives, 32% covering 500,000 to two million lives, and 48% covering two million lives or more. The geographic coverage included 12% regional or local, 24% statewide, 15% multi-state, and 49% national plans.

The consumer base consisted of 771 individuals, demographically balanced to reflect race, gender, and income aligned to U.S. census results. Participants had to have seen a healthcare provider in the last year, and had to be covered by health insurance. Of these, 47% were covered by an employer-sponsored health plan, 29% had Medicare or Medicare Advantage,10% had Medicaid or Managed Medicaid, 6% had individual insurance, and 6% were covered through a public exchange.

The complete research paper, The Engagement Gap: Healthcare Consumer Engagement in 2017, is now available at ConsumerEngagementStudy.com. For more information on Change Healthcare solutions, please visit our website and follow us on Twitter at @Change_HC.

About Change Healthcare

Change Healthcare is inspiring a better healthcare system. Working alongside our customers and partners, we leverage our software and analytics, network solutions, and technology-enabled services to enable better patient care, choice, and outcomes at scale. As a key catalyst of a value-based healthcare system, we are accelerating the journey toward improved lives and healthier communities. Learn more at www.changehealthcare.com.

SOURCE Change Healthcare

Related Links

http://www.changehealthcare.com

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