HealthPrize Launches Non-Financial Rewards-Based Alternatives for Medicare Advantage and Pharmaceutical Customers
(February 12, 2024, Norwalk, CT) HealthPrize, a consumer health engagement platform, announces the launch of non-financial rewards-based alternatives and enhanced gamification to its highly engaging multi-condition health education programs for Medicare Advantage and pharmaceutical customers. In addition to personalized education, HealthPrize programs use features that are proven to motivate member engagement including levels, accomplishments, streaks, and now points redeemable for a variety of non-financial alternatives. “Providing clients with even more flexible options to our highly configurable platform gives them more control of the experience for their members,” explains HealthPrize President Jim Farrell. HealthPrize will even curate a blend of different reward types based upon a customer’s business goals and budget.”
HealthPrize’s new non-financial rewards-based alternatives are designed to give members a high value experience at a significantly lower total program cost to the sponsoring organization. “HealthPrize programs are highly engaging and effective in motivating better health behaviors. The results we see from non-monetary alternatives demonstrate the overall effectiveness of our consumer-centric approach to digital health,” says Vincent Hayes, VP of Analytics for HealthPrize.
In 2024, HealthPrize programs will allow members to redeem their points to unlock updated experiences, profile enhancements, new content, streak extenders, quiz wildcards and even exclusive discounts to health-related items. “Building products to motivate health behavior change is difficult and highly iterative, explains Kyle Anderson, VP of Engineering. We are excited about the expansion of several new features and the roadmap our team has created to in response to market requirements.”
“HealthPrize is committed to providing innovative solutions that help our clients improve health outcomes and reduce total medical expenses,” added Jim Farrell. “We are offering this new update to our Medicare Advantage and pharmaceutical organizations this year.”
For more information about HealthPrize’s new non-financial rewards-based alternatives, contact us for a free member engagement consultation and a demonstration of our capabilities.
HealthPrize helps members self-manage their health between care episodes to improve quality and lower costs. The web-accessed program keeps track of their medication regimen to improve adherence, delivers personalized education to increase health literacy and injects an element of gamified engagement to ensure daily participation is a delight. Having supported over 1.4 million members over 12 years, the HealthPrize consumer health engagement platform is proven to improve adherence by more than 44% and converted over 80%+ of previously nonadherent patients to adherent in conditions such as diabetes, hypertension, hyperlipidemia, asthma, COPD, and renal disease. In addition, the program captures weekly member surveys which are used to assess member sentiment. HealthPrize is a fully secure, HIPAA compliant and HITRUST CSF Certified technology solution based in Norwalk, Connecticut. Discover more at https://healthprize.com/.