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Description __________________________
_______________________________ CONTACT Jim Dempster 800 Research Parkway Telephone: 405-319-8450 _______________________________ |
Fall 2005 Update
• demonstrated MedEncentive's efficacy through a thorough
analysis of our principal test employer's data; Perhaps the most important event among these accomplishments is learning that our product may work even better than we expected. As our analysis of the test data is confirmed by independent experts, MedEncentive's prospects of being able to offer a real solution to substandard health care and runaway medical expenditures are better than ever. To learn more, I encourage you to read on. For health care purchasers and payers who are interested in taking advantage of MedEncentive's quality improvement and cost containment capabilities, I direct you to Jim Dempster's link in the right hand column. I also want to take this opportunity to announce that we are recruiting brokerages and top level sales executives to participate in our growth plans. Health care risk specialists interested in representing a ground breaking solution to substandard health care and runaway medical expenditures should forward their credentials to us through the link in the right hand column. It is a very exciting time at MedEncentive. The following are some of MedEncentive's highlights for the fall and planned events for early 2006: Growing
Proof of MedEncentive's Degree of Efficacy
With the aid of Dr. Lloyd Hildebrand and Kempton Group Administrators, a thorough retrospective analysis of the City of Duncan 's claims data has been conducted. Four specific predictions were made to corroborate MedEncentive's impact on the City's health care costs. These predictions included 1) cost containment would occur in the first year, 2) expenditures would shift in a forecasted manner among the healthcare cost elements (hospital, physician, pharmacy, etc.), 3) an indication of defensive medicine would be reduced, and 4) there would be a relationship between program participation levels and cost. The initial findings of the analysis confirmed each of these predictions. Additional analysis is currently in progress. Confirmation by independent third parties of the study's methods and results is also underway. If the additional analysis and confirmation hold true to the initial findings, we expect these results will create quite a stir within the healthcare quality improvement and cost containment movement across the country. These are obviously a very significant developments, so stay tuned.
Subsequent to enrollment, employee and physician education was accomplished through more than 50 MedEncentive orientation sessions conducted through the metropolitan area. Each employee and physician received an orientation packet that contained a well produced instructional video. Currently, the INTEGRIS health plan with MedEncentive is operating smoothly. This successful installation goes a long way toward confirming physician acceptance of our product and also validates MedEncentive's inherent scalability.
On January 1, 2006, the Company released the Point of Service Initiated (POSI ™) real-time module. This important new product adds significant capability to the MedEncentive Ix Program. POSI is a web-based application which allows physicians to practice the Ix Program in the presence of the patient. Like the original Claims Initiated version, POSI is fast and easy to use. However, POSI offers a number of important advantages. Besides eliminating the retrospective nature of the Claims Initiated version, POSI also permits the physician to hand the patient an information therapy prescription before the patient leaves the doctor's office. This eliminates the time between the patient encounter and the delivery of information therapy which is vital for health improvement. Furthermore, if physicians forget or failed to use POSI, then the Claims Initiated version functions as a “safety net” to insure all eligible Ix opportunities are captured for both the physician and the patient. By design, the combination of POSI and the Claims Initiated versions will significantly improve the efficacy of the MedEncentive Ix Program across the board. In addition to POSI, we also released a suite of web-based utilities that allow the end-user or licensee to maintain provider and member eligibility, review and manage physician and patient Ix opportunities and generate reports. We have also developed and tested industry standard electronic interfaces (834 and 837 EDI protocols) with INTEGRIS's third party administrator. These interfaces further enhance MedEncentive's scalability since they are universally adaptable to all major payers. If you would like to learn more about these exciting product developments, contact Jim Dempster. MedEncentive Makes Presentations Across the Nation - During the last 100 days of 2005, we made the following presentations:
MedEncentive's growing list of Strategic Advisors includes:
E-Update Archives ------------------------------------------------------------------------------------------------------ © 2006 MedEncentive, LLC. All Rights Reserved. If you received this email unsolicited or you would like to be taken off of the MedEncentive mailing list, please email us at info@medencentive.com. Title the email "remove" and place your email address in the body of the message. |
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• Center for Medicare and
Medicaid Services – Jeff Greene was hosted by CMS Chief Medical
Director, Dr. Barry Straube at CMS headquarters in Baltimore. The
presentation was well received and prompted a commitment by Dr. Straube to
arrange a follow-up presentation with the CMS demonstration project
leadership. This meeting is pending. 
• Oklahoma Medicaid Reform Task
Force – As a result of the positive feedback received in Duncan
during statewide town meetings, the Oklahoma Medicaid Reform Task Force
Chairman, Rep. Kris Steele, asked us to make a presentation to the Task
Force at the Capitol. The presentation was well received. Good suggestions
were made by Task Force members on how MedEncentive could help the state
control its Medicaid expenditures. We will look forward to the next
legislative session to see how this possibility develops.
• The IPA Association of America –
Jeff made presentations to regional TIPAAA conferences in Houston
and Miami. A number of attendees have requested information about
initiating or sponsoring MedEncentive in their markets. An Arizona/Utah
broker agreement was the result of one of these TIPAAA conferences. Jeff
will be traveling to Toledo later in January as a follow-up to another
conference.
• The 4th Annual Information Therapy
National Conference – Jeff's presentation generated a good bit of
interest among attendees to the Ix National Conference in Park City, Utah
from as far away as the United Kingdom. We continue to respond to this
interest and expect business developments in 2006. 
• Oklahoma State Medical
Association Board of Directors Meeting – We were invited by our
state's medical association to present at their November board meeting in
Tulsa. Some board members were understandably apprehensive about
MedEncentive because they understood it had something to do with
pay-for-performance. After the board members learned how MedEncentive was
designed to assist physicians in the marketplace in ways that no other
pay-for-performance program can, we received positive feedback. This type
of transformation is not uncommon and it underscores the issues
surrounding P4P and the need for MedEncentive. We are now scheduled to
make a similar presentation to the Oklahoma County Medical Society in
February. 
