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James Momtazee, KKR head of North American Healthcare Industry team, and Donna Arnett, American Heart Association president, on instituting workplace ...
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Solution to bring down those costs -- my next guest -- during the recess joining me now Jim -- thousand head of KKR's health care team for North America.
And -- on that president of the American Heart Association thank you both for being hit on the let me begin -- when we say.
Wellness programs what are we talking about.
Well as well as.
Programs encapsulated a whole variety -- of activities from smoking cessation all the way down to physical activity interventions screening for diseases like.
Diabetes and hypertension.
So the key is to get the employees to sign up.
Sign up and become aware of their conditions.
Hypertension diabetes are both asymptomatic condition so it's really important.
That we screen people so that they are aware of their conditions all right Jim what attracted KK RU.
-- -- -- what are you doing -- -- company's point of view.
-- -- -- -- the premise that underlies this is it's really straightforward which is -- healthy workers are number one they're gonna be at work we're gonna be more engaged more productive.
And then there's a financial incentive here which is if she can actually bend the cost curve we think wellness programs -- -- impact -- do that by bringing down medical covering medical cost produce claims for the employers over time.
Do you provide financial -- to bid for the employee gets to a sudden health level so we've launched a program called KKR health works and the premise of it is number one they get the -- to get the numbers and so we're gonna provide -- -- -- voluntary many of our companies have opted in to this -- 250 dollar incentive to actually get your -- -- see you know what you're dealing with you know what health issues.
To have and then what Donna just described himself as wellness programs can -- be utilized to try to affect behaviors.
When it comes to employ businesses are very difficult question -- but could a lot of people benefit from this.
And so building a healthy workforce.
Can reduce cardiovascular disease and stroke.
Do you find -- the people are reluctant to sign up this can you know maybe it's more of a personal thing for them I don't wanna be doing this in the work place they'd rather do it.
Outside of work have you combat that.
Should think that having your other employees doing along with you actually encourages people I think -- -- -- the participation rates are quite good.
Part of what we hope to get out of this collaboration between our two organizations by studying this with real data is to figure out what.
Motivates.
Participation all of the early signs are quite encouraging.
When we you be presenting your research.
Results sort launching into early part of next year -- over two years from now I think we'll have some that we think is fairly telling.
Have you -- -- the return on investment and something like this to him.
But -- you gathering the biometric data it's -- and -- blood pressure blood sugar lifted through the body mass index where have all the real hard data -- people's health.
-- -- claims data so we'll know the cost that employers are spending on health care.
-- gather all the demographic data -- and then the -- -- -- with real clinical -- were a look at what.
Bonus program for used what impact could have on the -- data and what it'd have ultimately on costs these various it to see those numbers thank you both for being here and you have to come back with those results him and Donna thank you so much -- Tracy.
Time for the well.
