The findings were revealed in a three-year study released by Cigna. For its study, Cigna surveyed 210,000 members across 28 of its employer plans to see how financial incentives aimed at motivating them to choose better healthcare options affected quality and costs compared to plans without the incentives.
In addition to the average 10 percent in medical cost savings, members with chronic health conditions saw greater savings. Members with at least two chronic conditions saw an average cost savings of 13 percent, according to the survey.
More articles on payers:
CMS delays start of primary care payment model
CEO of Texas Health Aetna out after 8 months
UnitedHealth drops appeal of Supreme Court decision on alleged overpayments
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.