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GSK Launches New Website to Help Employers Lower Costs and Improve the Health of Workers
Date:2/14/2008

redesign their health management programs to lower costs and improve employee health."

What is Value-Based Health Management?

Value-based health management (VBHM) is a cross-disciplinary approach to managing the health of employees or other people sharing the same healthcare plan. It includes the planning, design, implementation, administration, and evaluation of health management practices that are grounded in evidence-based guidelines across the healthcare continuum. Within the VBHM model, initiatives primarily focus on innovative practices that demonstrate the greatest total value through value-based benefit design, primary prevention, risk intervention, and chronic disease management.

CenterVBHM will be an invaluable resource for sharing information on managing costs and improving health. "We need a system-wide transformation of health and healthcare in the US," said Newt Gingrich, former Speaker of the US House of Representatives and founder of the Center for Health Transformation. "Stakeholders at every level and across the spectrum of healthcare- individuals, employers, health plans, benefit consultants, patient advocates, and government leaders at both the state and federal levels-will benefit from the sharing of best practices on value-based health management to fight the epidemic of chronic diseases and rising healthcare costs."

Sickness costs more than wellness.

Value-based health management practices have demonstrated great value, including lower direct healthcare spending combined with reductions in productivity-related losses due to sick days, disability, workers' compensation, employee turnover, and presenteeism. The various VBHM practices fit well within a wide-ranging approach to managing costs and improving health.

"We believe one way to improve health is to lead by example," said Christina Barrington, Director of Pharmacy Services at Health Alliance Medical Plans. "So we started with a pilot program for d
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SOURCE GlaxoSmithKline
Copyright©2008 PR Newswire.
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