Long-term care wellness initiatives: Key components of building and evaluating a sustainable program
With the goal of improving the sustainability of long-term care (LTC) blocks, the private sector insurance industry has increased its attention on LTC wellness and aging-in-place programs. As value-based care in the healthcare space continues to evolve, it is important for stakeholders to understand the components of LTC wellness arrangements, as well as the practical issues and impediments that determine success and failure. This paper includes an executive summary, introduction, and some case studies, and outlines the general steps and considerations for LTC wellness programs, including:
- Design considerations
- Risk framework
- Measuring success
- LTC wellness assumptions in long-term projections
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Long-term care wellness initiatives: Key components of building and evaluating a sustainable program
To best evaluate whether long-term care wellness programs produce claim savings, carriers need to perform a robust analysis of results, among other steps.