Fortune Health has created a complete set of interactive Health to Wealth calculators that enable employees and employers to accurately measure actual cash saved by adopting healthy behaviors.
CLEVELAND, Ohio March 21, 2012
Cleveland-based Fortune Health introduces an advanced cloud application that can virtually help save employees a fortune and their lives by adopting healthy behaviors. The Health to Wealth calculators calculate the everyday economic impact of bad health behaviors and are able to forecast significant economic savings when an individual adopts healthier lifestyles. The savings translates into cash that can be used for retirement. The calculators easily integrate employee biometric data that determine employee baseline cash expenditures. The employee simply adjusts the calculator meters to their desired future levels of health to visualize their cash savings. The calculator is an ideal tool that can be coupled with any health plan but in particular a Consumer Directed Health Plan to help employees understand the economic value of good health. “Individuals can easily and instantaneously calculate real savings based on behavior change. In addition, the calculators are able to automatically annuitize savings at selected interest rates to forecast the amount of cash an individual can save for retirement purposes” said Gregory J. Hummer, MD, a senior principal of Fortune Health. A CDHP/ HSA benefit design can quickly help employees turn healthy behaviors into healthy savings.
The Fortune Health employee and employer Health to Wealth calculators are now available. Designed to change behavior through economics, these calculators are the first of their kind. The technology behind the calculators uses evidence-based health and economic algorithms that calculate demonstrable savings to an individual or an employer group based on health behavior change. For individuals, these savings can amount to tens of thousands of dollars per year and for employers the estimated savings average 17% or more of their total health plan cost per year. The Health to Wealth employer calculator is a powerful tool that serves to predict a company’s healthy base line cost and pinpoint reasons for deviations from that baseline.
About Fortune Health: www.fortunehealth.net Fortune Health is an Ohio based company founded by Dynamic Group Presentations and Simplicity Health Plans, a transaction integrator and pioneer of point-of-service claims adjudication and payment technology for Consumer Directed Health Plans, which drastically reduces administrative hassles and costs of traditional Consumer Driven Healthcare Solutions. For more information go to www.simplicityhealthplans.com.
Dynamic Group Presentations is a Cincinnati-based firm founded by D. Scott Hettesheimer that provides employers with significant cost-reducing solutions geared to fit their needs. For more information go to www.dynamicgrouppresentations.com.
Contact: Gregory J. Hummer, M.D.