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Moving to Patient-Focused, Consumer-Centric Health Care: MagnaCare’s EvaluaideSM Impacts Individual Health, Lowers Cost Trends for Employers

At a time when patient-focused, consumer-centric health care is being hailed as the key to improved individual health and lower health care cost trends, MagnaCare’s EvaluaideSM (www.magnacare.com/clients/evaluaide.aspx) emerges as a proven health management platform that leverages sophisticated data analytics with personalized health advocacy and coaching. MagnaCare, a health plan services company with national reach moves its focus to the next phase of clinical care tools and behavior support resources necessary to impact the health status of any population.

“This innovative approach is not only having a significant impact on individual health, but is also generating much-needed fiscal sustainability for our customers,” says Joseph Berardo Jr., president and CEO of MagnaCare, which serves Taft-Hartley funds, self-insured companies, commercial insurers for health, workers’ compensation, or no fault, Third Party Administrators (TPAs), and government entities. “EvaluaideSM takes all of a members’ health data, including past claims and medical records, and processes it through a comprehensive health analysis. Members who are at highest risk for serious health issues are identified and from there, a suite of proactive health advocacy services – including personal wellness coaching -- becomes available immediately.”

This holistic approach is designed to reduce costly future medical care. Experience shows that organizational health care costs go down while member health improves because individuals are encouraged to proactively address their health issues and utilize health advocacy support no matter what health issues they face.

“This degree of personalized care and service is unprecedented in the market,” Berardo adds. “Not only are we are able to compare previous health costs with current and projected costs, but we also assist in the development of a wellness plan to address key health issues and improve overall organization health. Because this synergistic approach encourages members to take responsibility for their personal health and to make healthy lifestyle choices, the severity of at-risk health categories and health care costs diminish overtime and create a healthier, fiscally sustainable organization.”

MagnaCare’s EvaluaideSM represents the kind of innovative strategy, better known as value-based design, which aligns incentives for workers, employers, and providers to improve medical outcomes using behavioral change.

“The power of value-based solutions to transform health and the administration of health benefits in this country will continue to serve landmark reform as more employers embrace the concept of improving the health and productivity of their workforce,” concludes Berardo.

About MagnaCare

MagnaCare is a health plan management company that touches millions of lives nationwide. For over 20 years MagnaCare has provided solutions to Taft Hartley funds, self-insured companies, commercial insurers such as health, workers compensation, or no fault, TPA’s, and government entities. Whether it’s access to a broad provider network, predictive modeling analyses, member outreach programs or an integrated solution that includes full plan management services including claims adjudication, eligibility management, client/customer service, MagnaCare understands its customer needs and develops cost effective, comprehensive solutions. Visit http://www.magnacare.comwww.facebook.com/magnacarewww.twitter.com/magnacare

Contacts:

CPR Communications for MagnaCare
Alyson Kuritz, 201-641-1911 x51
akuritz@cpronline.com
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