Bravo Launches Wellness Program to reduce health insurance Save on the results Wellness Incentives
December 31st, 2009
Bravo Wellness launched to provide results-based, HIPAA compliant wellness programs for companies with 25 – 25,000 employees. Bravo gives employers a practical way to reduce insurance costs by an average of 10% in addition to rewarding employees who make healthy living choices. This is accomplished by linking a member’s cost of healthcare and/or their benefit plan design to their participation in wellness programs and their individual results in key areas like tobacco use, body mass and blood pressure.
Industry statistics state that over 75% of every dollar spent in healthcare is spent treating conditions that are lifestyle related and largely preventable. “Bravo Wellness helps employers navigate the non-discrimination laws associated with such plans as well as to coordinate the biometric screening process, the appeals process and the need for alternatives for individuals who have medical issues that prevent them from achieving a goal,” said Jim Pshock, President and founder of Bravo Wellness. “In my experience, over 92% of employees participate in plans that offer financial rewards for results, and many make meaningful changes for the better.”
Bravo Wellness solutions can work with employers’ existing carriers and brokers. Bravo Wellness offers a fully integrated set of services and resources to support HIPAA compliant wellness support including:
* Expert consulting in wellness incentives
* National screening partners for group and individual screenings
* Results-based programs
* Appeals and alternatives management
Bravo Wellness plans on hiring ten to fifteen sales and operations employees in 2009. Bravo Wellness currently occupies 2,300 square feet of office space with BeniComp, a partner offering a patent-pending wellness solution that utilizes a supplemental insurance policy.
Bravo Wellness offers services to employers and business partners desiring results-based incentives for wellness. Customers experience immediate cost savings by linking employee incentives to participation and results. Bravo Wellness recognized the potential legal challenges of health insurance law, including HIPAA non-discrimination regulations, and has unique expertise in the practical application of wellness regulations for group health plans. Bravo Wellness is headquartered in North Olmsted, Ohio.
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