New Data on How Consumers Spend Health Reward Dollars within Local Communities Provides Insight into Overall Health Improvement
“With real-time access to spend data, we are able to evaluate how participants are spending reward dollars in their local communities and if buying decisions reflect overall health improvement.”
DENVER, CO (PRWEB)September 14, 2016
incentaHEALTH, a national leader in measurable, outcomes-based wellness programs, has selected G8Way Health Payments, a leading provider of benefit card account and electronic disbursement solutions, as their exclusive method of incentive distribution.
incentaHEALTH utilizes gamification by offering recurring incentives to individuals for improving their health. This unique behavioral economics platform helps people manage their weight through the use of interactive email and text message coaching and provides validated weigh-ins on private kiosks in corporate and community locations. The company then distributes cash rewards, via the G8Way Health Payments Benefit Plus Incentive card, to participants nationwide.
The average weight improvement of an individual using the incentaHEALTH platform is 8 percent over the first year in the program. Sixty-five percent of participants achieve a clinically significant weight loss, dramatically reducing their risks of type 2 diabetes, heart disease and the need for certain medications. In a comparative study conducted by G8Way Health Payments, the company’s Benefit + Incentive Card Accounts demonstrated increased engagement and program compliance by three times over competing incentive products and rewards.
“We selected G8Way Health Payments for the company’s ability to provide highly customized card-based incentive solutions,” said Todd McGuire, Chief Technology Officer of incentaHEALTH. “With real-time access to spend data, we are able to evaluate how participants are spending reward dollars in their local communities and if buying decisions reflect overall health improvement.”
“Through retail spend data, we are beginning to understand key correlations between where consumers are spending their health reward dollars, and the overall success they are realizing within their wellness programs,” said Mark Hall, CEO of G8Way Payments. “When you combine incentaHEALTH’s ability to accurately predict health improvement results and our 90 percent customer satisfaction rate, you get a winning solution.”
Employees respond enthusiastically to the incentaHEALTH wellness platform with an average of 56 percent of overweight employees voluntarily participating. Although long-term retention is often a barrier in corporate wellness, incentaHEALTH is overcoming this obstacle with 82 percent of enrolled employees completing two or more weigh-ins. Employer medical claims and medication costs are lowered, absenteeism is reduced and employee productivity increases.
Clients that also utilize G8Way’s DirectSettle™ proprietary payment settlement experience additionally benefit from an immediate increase in cash flow within their health reward programs, while dramatically reducing overall program costs.
About G8Way Health Payments:
G8Way Payments, LLC is a fintech innovator and market leader with expertise in healthcare and insurance verticals. The company provides simple APIs and easy integration to proprietary end-to-end claim disbursement and reimbursement, along with benefit + incentive card account solutions that dramatically increase cash flow, streamline payments delivery, and reduce costs for health plans, health services providers, and insurance carriers. The company’s cost-effective solutions can either stand alone, or integrate seamlessly with existing front-end platforms to streamline and accelerate payments, disbursements, and funds settlement. To learn more about how G8Way eliminates payments complexity and increases cash flow, visit: http://www.g8wayhealthpayments.com.
incentaHEALTH is a digital health company with headquarters in Denver, Colorado. As a leader in measurable, outcomes-based wellness programs, incentaHEALTH’s system is designed to help organizations and communities reduce health care costs. The program utilizes gamification by offering incentives to individuals for improving their health. This unique behavioral economics platform helps people manage their weight through the use of interactive email and text message coaching, provides validated weigh-ins on private kiosks in corporate and community locations, and distributes cash rewards for sustained weight loss success. The patented HEALTHspot® kiosk takes full-length digital photos and keeps a secure, cloud-based record of each participant’s weight, blood pressure and body mass index (BMI). Participants also have access to health coaches who provide live support whenever it’s needed. Organizations throughout the U.S., U.K., Puerto Rico and Singapore have implemented this health care solution for their employees and have reported significant success. Since 2011, incentaHEALTH has partnered in Colorado with Kaiser Permanente to offer a community program, focused on high-reach and impactful outcomes. This civic platform has reached 75,000 enrollments and the average weight loss experienced by a successful participant is 8 percent after one year in the program. In addition, weight loss is sustained for at least 12 months.
incentaHEALTH is soon to launch its HEALTHspot® @ Home Scale option, allowing participants to weigh-in from the comfort of their living room. The companion app offers a premium coaching option that provides daily nutrition and exercise plans plus cash incentives for weight loss. The HEALTHspot® @ Home Scale will be available on Amazon beginning fall 2016. Follow incentaHEALTH on LinkedIn, Twitter, Facebook and Pinterest.
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