INDEPENDENT ACTUARIAL ANALYSIS OF QUANTUM HEALTH’S BOOK OF BUSINESS VERIFIES SAVINGS ON HEALTHCARE CLAIMS WITHIN ONE YEAR, WITH SUSTAINED RESULTS OVER FIVE YEARS.Quantum Health demonstrates that its consumer healthcare navigation services can deliver sustained savings for employer-sponsored benefits programs. This is the 11th year that Quantum Health, the category leader in consumer healthcare navigation services, has published the report, which is based on an independent actuarial analysis of Quantum Health’s entire book of business, covering claims experience from 157 employer groups and 961,000 members. According to Scott Doolittle, CFO for Quantum Health, the analysis focused on client experience data for Quantum Health from 2001 through 2018. The analysis and subsequent report were conducted by Dale H. Yamamoto, FCA, MAAA, founder and president of Red Quill Consulting, Inc. A recognized expert in actuarial science, Yamamoto has over 40 years’ experience working with global consulting firms, insurance companies and Medicare. He has also provided congressional testimony related to healthcare reform.
- 5.7% average cost reduction from industry trends in first-year medical and pharmacy claims
- 9.2% average cumulative claims savings after three years
- 14.4% average cumulative claims savings after five years
ABOUT QUANTUM HEALTH
Quantum Health is the industry-leading consumer healthcare navigation and care coordination company that delivers an unparalleled consumer experience for employee members, as well as validated claims savings and high satisfaction rates for employers. Quantum Health’s proprietary Real-Time Intercept® model identifies opportunities for early intervention in an employee’s healthcare journey, which drives cost efficiencies and improved engagement.The company was founded in 1999 and is based in Columbus, Ohio. Since its inception, Quantum Health has continually earned numerous business, leadership and cultural awards, including Entrepreneur of the Year by Ernst & Young and Fastest Growing Privately Held Company by Inc. 5000. FORTUNE, Inc. and Entrepreneur magazines have recognized the company as a Best Workplace and a Great Place to Work – Best Small & Medium Workplace. The Women Presidents’ Organization has ranked Quantum Health as one of the 50 Fastest Growing Women-Owned/Led Companies, and Columbus Business First magazine has honored Quantum Health as a Best Place to Work. To learn more about the company, visit Quantum Health, and connect on LinkedIn and Twitter.
Contact: Susan Simkins, Corporate Communications Susan.Simkins@quantum-health.com Office: 800-257-2038 x 13494 Barb Tabor, Tabor PR/Media Relations firstname.lastname@example.org Mobile: : 651-230-9192