NovuHealth CEO Tom Wicka talks single-payer health care with Managed Healthcare Executive
Change is knocking on the health care industry’s door these days. Yet, exactly what that change will look like remains uncertain. Notably, amid the current conversation on health care reform and legislation, talk of single-payer health care—also called the “Medicare for All” model—has continued to gain traction and greater visibility.
So what should health care executives know about single-payer health? NovuHealth CEO Tom Wicka recently spoke with Managed Healthcare Executive on the subject—sharing insight into the similarities between single-payer and Medicare Advantage.
Here’s a preview of the article:
“‘When CMS instituted the Star ratings program linking health plan quality performance and member satisfaction to significant bonuses and rebates, they designed a system to achieve true value-based performance,’ says Tom Wicka, CEO and cofounder of NovuHealth, a health care consumer engagement company. ‘By linking performance and satisfaction, CMS created a system that allows health plans to incent members to engage in their health and close care gaps.’
This strategy of motivating members to engage in their personal health and rewarding plans for performance is the same approach any single-payer system would also need to embrace, says Wicka.
‘More broadly, any population covered under a single-payer system will need to take more personal health responsibility to lower long-term medical costs if health plans and providers are to be paid based on value delivered,’ he says.”
Questions or comments, please contact us.
NovuHealth is the leading healthcare consumer engagement company, offering rewards and incentive programs that improve consumer health and plan performance. NovuHealth applies proven loyalty and data science strategies and leverages its deep industry and regulatory expertise to motivate high-value consumer activities. Headquartered in Minneapolis, NovuHealth has worked with nearly 40 health plans and served more than 15 million consumers across all 50 states. Learn more at novuhealth.com.
Novuhealth is the leading healthcare consumer engagement company, driven to improve consumer health and health plan performance. NovuHealth motivates consumers to complete high-value healthcare activities by leveraging its sophisticated engagement platform, proven loyalty and behavioral science strategies, and deep industry and regulatory expertise. Headquartered in Minneapolis, NovuHealth has worked with nearly 40 health plans and served nearly 15 million consumers across all 50 states.
© 2010-2019 NovuHealth. All rights reserved.