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presents a panel discussion on:
Consumer Driven HealthCare
The Healthcare Industry at a Tipping Point</4>
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The healthcare industry accounts for 15% of the GDP. Employers’ healthcare cost burdens continue to rise rapidly while at the same time employees’ contribution to healthcare costs are expected to increase by 10%, from 2003 reaching $ 436 billion by 2008. Consumer Driven Healthcare relies on a free-market approach to control costs through consumer choice, with employees assuming greater ownership for their healthcare decisions and related finances.
Increasingly, consumers must look to their medical providers to clarify the financial and quality trade-offs associated with various treatment options. This has created a new demand for consumer-level information and communication - analogous to the information exchange between a financial advisor and a future retiree. Healthcare information is complex, and new technologies and services are addressing the challenges. For example, web-based services seek to provide information with a user-friendly interface and condense it into easily understood choices. New technologies will also incorporate support information such as health plan options, costs, quality of providers and health care facilities. At the same time, this technology will track personal information such as account balances and individual medical needs in a secure, HIPPA friendly environment.
We invite employers, healthcare professionals, HR executives, investors, healthcare technology vendors, employee benefit specialists, and all participants in the new era of Consumer Driven Healthcare to hear this knowledgeable and notable panel discuss potential technology investment options for the long-term. In addition, you will hear guidance on technologies you should look to now to reduce your business’s healthcare costs in the future.
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PANELISTS:
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Brad Holmes, VP and Director, Forrester Research (moderator)
Douglas Kronenberg, Chief Strategy Officer, Lumenos*
Robert Natt, President, Medibank**
Michael Thompson, Principal, Healthcare and Employee Benefits, PriceWaterhouseCoopers, LLC
David Lenihan, Chairman and CEO, CareGain
Dr. Thomas P. Hartnett, Ph.D.
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DATE:
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Thursday, June 9, 2005
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TIME:
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5:15pm: Registration and Reception
6:00pm - 8:00pm: Program
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PLACE:
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Office of Brown Raysman
900 Third Avenue, 23rd Floor
New York, NY
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PRICE:
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Free to members of MIT Enterprise Forum of NYC
$50 non-members, $10 extra at door
All members and guests are welcome
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Speaker Biographies
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MODERATOR: Brad Holmes
is a Vice President and Director at Forrester Research. Brad leads Forrester's Healthcare group, which researches the impact of technology change on health insurers, pharmaceutical and device firms, healthcare providers, and the vendors that serve them. Prior to joining Forrester, he led marketing and sales at a startup provider of eCommerce pharmacy systems for healthcare organizations. Prior to that he served as a vice president at UnitedHealthcare where he led product development and provider contracting groups and launched United's Options PPO product. Brad’s most recent research includes Trends In Healthcare Consumer Technology Adoption, Healthcare Consumerism's Second Act, and Consumer-Directed Health Plan Leaders Poised For Growth.
Douglas Kronenberg
is the Chief Strategy Officer at Lumenos, an industry start-up providing HSA and HRA solutions Fortune 500 Companies. Doug is a founding partner and current Chairman of the Consumer-Driven Health Care Association (CDHCA) and a frequent keynote speaker at health care conferences nationwide. Prior to joining Lumenos, Doug was national vice president of marketing for Prudential HealthCare, a managed care company with over 4 million members and $7 billion in revenue. Before joining Prudential HealthCare, Doug led the national marketing organization for Humana Inc.
David J. Lenihan
is the Chairman and CEO of CareGain, a technology company based in East Windsor, N.J. CareGain provides enterprise software solutions to health plans and third party administrators enabling them to enter the Consumer Directed Health quickly and efficiently for both plan design and administration of these new products. CareGain’s platform is powering the CDH products of CIGNA, among others, and is the CDH Solution Partner of America’s Health Insurance Plans. Prior to being a Co-founder of CareGain, Mr. Lenihan was responsible for Business Development at NeuVis, Inc. which is now owned by IBM. He has had a 30 year business career in banking, investment banking, healthcare and government/diplomacy, where he held a Top Secret clearance.
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Robert Natt
is the President at Medibank (MBI), a leading company in the healthcare electronic benefits space, suppling the industries first and most widely utilized benefit debit card. Prior to joining Medibank, Robert held senior management positions including CEO and President at Physicians Health Services (PHS) as well as senior management positions at other healthcare providers including Oxford Health Plan.
Michael Thompson is a Principal of Healthcare and Employee Benefits at PricewaterhouseCoopers, LLC. Michael currently leads PwC’s national efforts focusing on consumerism, quality and population health strategies and is a frequent speaker on Next Generation Healthcare strategies. Mr. Thompson serves as a leader in promoting and establishing collaborative healthcare industry efforts based on the principals of Six Sigma. Mike is a Fellow of the Society of Actuaries (SOA) and serves on the American Academy of Actuaries(AAA) Federal Health Committee, Disease Management Committee, Medicare Reform Committee as well as Chairman of the of the AAA Quality Initiatives Work Group reviewing “Pay for Performance” for Medicare.
Thomas P. Hartnett, Ph.D.
served as President and Chief Executive Officer of HealthNow New York, Inc.,where he engineered a complete operational and financial (ie.$200 million) turnaround for this large health insurer. Dr. Hartnett grew HealthWays Systems to 350 employees serving some 150,000 members as CEO through its 1989 acquisition by Aetna Health Plans. He continued in that role through 1992. He later served MetLife Healthcare Management Corporation as Regional Vice President and helped establish the managed healthcare strategy for MetraHealth.
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