With Medicare Advantage bids due on June 3, your actuarial teams are already hard at work preparing your plan’s bid for 2020. So if you’ve been thinking about including rewards & incentives for next year—now’s the time.
R&I programs can motivate members to complete high-value healthcare activities—those that have the biggest impact on member health and plan performance.
But if you’re underfunding your R&I program, you run the risk of limiting its effectiveness. And if you miss out on including it in your bid altogether, it can be challenging to find room for an R&I program in the budget later on.
So don’t put it off.
For a successful 2020, start planning now for an R&I program that supports your plan’s business goals—whether it’s improving quality, enhancing satisfaction, or accurately identifying and capturing risk.
Download our need-to-know guide for including R&I costs in your bid—plus, how to comply with CMS requirements and optimize your R&I investment this year and beyond.
Want to double check your R&I budget math? Contact us for a free calculation.
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.