Study: Online Care May Reduce Healthcare Costs
Results of a study released today found that the use of online care for certain prescribed circumstances may result in first-dollar financial savings for employer-sponsored health plans.
The Milliman study was authored by Arthur L. Wilmes, FSA, MAAA, principal & actuary at Milliman, an actuarial firm with a leading presence in the healthcare market. The analysis demonstrated potential medical savings of $3.36 and $6.95 per-member-per-month (PMPM) for commercial and Medicare plans, respectively. The study investigated the use of online care services similar to those in American Well’s Online Healthcare Marketplace System, which became commercially available earlier this year.