WELLESLEY, Mass.--(BUSINESS WIRE)--Harvard Pilgrim Health Care and MyHealthMath are announcing an innovative new partnership that will help members choose the best health insurance plan for their needs.
MyHealthMath is the latest addition to Harvard Pilgrim’s suite of member solutions, which is designed to provide up-front cost awareness and empowerment for members before, during, and after they select a health plan. Other components of the suite include the “estimate my cost” and “reduce my cost.”
MyHealthMath became available to Harvard Pilgrim employees in 2017, and following very positive response, the company has expanded the offering to members as part of this newly launched contractual arrangement.
“Harvard Pilgrim’s number one priority is our members and their ability to access the right medical care at the right time. We have heard from our members that navigating the insurance selection process can be challenging, and this is an innovative way to make this important process easier,” said Michael Carson, President of Harvard Pilgrim Health Care. “MyHealthMath does a terrific job of using reliable data and statistics to close that gap for consumers and make the process as smooth as possible. Our own team members at Harvard Pilgrim found MyHealthMath to be incredibly helpful, and I am very confident that our members who are introduced to it will have a similar experience.”
MyHealthMath was created to solve consumer confusion around health insurance choice through innovative decision-support technology, which Harvard Pilgrim says will translate to improved benefits and savings for members. Here’s how it works: MyHealthMath calls and conducts a one-on-one interview at a time that members choose. The system then performs tens of thousands of calculations to replicate the claims process and determine which plan is optimal for individual members’ health care needs. A visually engaging report is emailed to each member so that they can clearly see and understand which plan offers them the greatest value as well as the worst-case scenario.
“Our partnership with Harvard Pilgrim will shift the way that consumers view and make decisions about their healthcare, reducing unnecessary spending,” said Bob Watterson, founder and CEO of MyHealthMath. “Allowing consumers to clearly understand their insurance needs demonstrates Harvard Pilgrim’s commitment to its members by ensuring they choose the optimal plan for their particular needs and preferences. We commend them for their commitment to using unique and innovative methods to move the healthcare industry forward.”
About Harvard Pilgrim Health Care
Founded by doctors nearly 50 years ago, Harvard Pilgrim is a growing family of health services companies. Our mission is to improve the wellbeing of our members, the diverse communities in which they live, and the health care system.
Our core not-for-profit health insurance business provides health benefit plans, programs and services to 3.2 million customers in New England. In everything we do, we create value by embracing differences – in those we employ, the insurance solutions we design and build, and our choice of business partners.
Our commitment to the communities we serve is also driven by the passion of the Harvard Pilgrim Health Care Foundation. Through its work, low- and moderate-income families are gaining greater access to fresh, affordable food — a cornerstone to better health and well-being.
MyHealthMath is on a mission to help consumers make better health insurance decisions for themselves and their families. Founded on the premise that “the numbers matter,” we engage one-on-one with our clients’ employees to guide them through our high-touch decision support process, then deploy our proprietary algorithms to run tens of thousands of calculations for each individual – revealing the financially optimal plan for their unique needs and circumstances. By helping employees better understand the total cost of their health plan choices and anticipated medical care, we empower them with the information they need to make decisions in their own best interest. But we don’t stop there: Building on the aggregated data from our interactions with employees, we are able to provide brokers and consultants with unprecedented insight into how to predict and control benefit costs while ensuring employees get the health care they need.