Bupa Global partners with HERO Health
International health insurer Bupa Global has partnered with HERO Health to launch the HERO International Scorecard to its business customers outside of the US.
The HERO International Scorecard is an online tool for employers that helps organisations create an inventory of health and wellbeing best practice, benchmark their performance, and understand how they can improve over time.
The Scorecard, which has been created in collaboration with leading experts in health and wellbeing, surveys employers on a range of workplace health factors such as promotion and integration of employee health initiatives, participation rates, cost, and organisational and cultural support, using measures recommended by an expert panel. Responses to the survey allow employers to assess the effectiveness of their programmes and track progress over time.
In addition to using the Scorecard to create an inventory of health and wellbeing best practice, organisations can compare their programmes to other businesses, by correlating their scores against the aggregate of all businesses in the database. They can also compare their score to similar employers based on industry, size, geographic location, employee demographics or other criteria.
In terms of results, the Scorecard has already been successfully shown to help employers predict company healthcare cost trends, with high scorers experiencing significant reductions in inflation-adjusted healthcare cost. It has even been associated with improved company stock value performance, based on the US data since its creation in 2006.
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“With half of the world’s population in work, employees increasingly expect their employer to play an active role in their health and wellbeing, yet some businesses still don’t appreciate the commercial and strategic value of workplace health initiatives,” explained Patrick Watt, Commercial Director Europe, Bupa Global. “This is why we’ve partnered with HERO to give our customers the means to measure and report on the impact of the workplace health programmes they have implemented.
“Workplace health is a key way for businesses to attract and retain talent – but it’s important to partner with an experienced provider who can support in the provision, promotion and execution of these kinds of initiatives.”
Additionally, the insurer is set to launch its Business Mental Health Advantage next month, where it will support employees in obtaining essential support within mental health, the Financial Adviser has reported.
"This is an excellent initiative from Bupa that will benefit both employers and employees in an area where NHS provision is lacking,” commented Brian Walters, Principal medical insurance broker Regency Health.
"Advisers should ensure they discuss mental health cover with group administrators and there would have to be a good reason for such cover not to be included."
Walmart, the next health tech giant - a timeline
Retail giant Walmart has been building its healthcare division for a number of years, but its recent acquisition of a telehealth firm and the slow down of its clinic expansion suggest its focus has now shifted to health tech. We look at key moments in Walmart's history in healthcare.
Walmart announces plans to provide "full primary care services" by 2020. The plans include opening clinics in underserved, urban areas, where the chain has many existing stores.
A series of “Healthcare Begins Here” events launch at Walmart stores, where consumers are given information on leading healthy lives, as well as free blood pressure, blood glucose and vision screenings, and access to vaccinations.
As part of the organisation's commitment to pursue a more data-centric approach to worker safety, Walmart partners with StrongArm, manufacturers of safety wearables. Staff begin wearing FUSE, a small sensor worn between their shoulder blades that detects injury risk. Within a year, ergonomic injuries decreased by 65%.
Walmart opens its first health centre in Dallas. The 10,000 square-foot "super centre" offers primary care, X-rays and ECG, counselling, dental, optical, hearing and community health services. Prices are affordable regardless of health insurance status.
The same year a partnership with Doctor on Demand is announced, a telehealth company offering mental health services. As part of the agreement Walmart employees are able to access these services for free.
The first health and wellness clinic opens in Springdale, Arkansas, providing primary care, dental care, vision and hearing services as well as behavioural health, fitness and wellness education classes.
Walmart acquires CareZone’s medication management technology. CareZone's app reminds users to take their medication and provides refill reminders. The acquisition complements Walmart's existing pharmacy service.
The Wall Street Journal reports that Walmart is in talks with Verizon to implement 5G wireless service in select sites, to help boost digital health services.
As part of its COVID-19 response, drive-thru testing is offered at hundreds of Walmart Neighborhood Market drive-thru pharmacy sites, free of charge through Humana .
The retail giant teams up with the Department of Veterans Affairs to offer telehealth services to veterans at stores in Wisconsin, Michigan and Iowa.
Walmart Mexico signs a deal with Jack Nathan Medical Corp, a Canadian tech-focused healthcare provider. This will see 153 new medical clinics open within stores across Mexico, taking the total in the country to 203.
Walmart announces it is acquiring MeMD, a multi-speciality telehealth provider. The acquisition will enable Walmart Health to provide access to virtual care across the US. At the same time it is reported that plans to open further clinics are deliberately slowing down.
"Today people expect omnichannel access to care, and adding telehealth to our Walmart Health care strategies allows us to provide in-person and digital care across our multiple assets and solutions" Dr. Cheryl Pegus, executive vice president for Health & Wellness said of the announcement.