Comparative Effectiveness Research Tools Address Variations in Corporate Spending

PRLog (Press Release) - Jan 21, 2009 -
Phoenixville, Pennsylvania  -- The use of comparative effectiveness data addresses large and unwarranted variations in corporate spending. As an example, the National Business Group on Health, an employer coalition, is part of a movement that evaluates various medications, devices and treatments, and identifies which work best and at what cost.

Armed with proven ideas, options and solutions, corporations can make more rational decisions, such as whether to choose a less expensive, but higher quality solution. Former Sen. Tom Daschle, President-elect Obama's choice to head the Department of Health and Human Services, endorsed the use of comparative effectiveness data in a book he co-authored.

Corporate Health Initiatives Consulting, LLC (CorpHI), after talking to more than 4,500 managers of America's preeminent corporations, recognized that current business tools are not optimal, since there is no incentive to reduce project complexity and have a "money-to-mouth" stake in an organization's success. The group developed a project management methodology that simplifies the roll-out of complex programs/products --while delivering 28% savings; and a search engine optimization process (stat-PROFiLE) that promotes a client's website in search engine rankings.

Dr. Paul V. Matsiras, CorpHI's Managing Director, stated that by utilizing its proprietary technology; innovative, practical and open architecture approach; and value-based H&W benefit plan initiatives, clients realized:
•   Better execution of large and complex mission-critical projects that were delivered on-time, budget and quality;
•   Web-based program/product promotions that were placed at the top of search engine rankings, which can be a daunting challenge; and
•   Real-time, individualized/personalized healthcare benefits that were offered at lower costs and did not use cost shifting.

"Corporations today demand the metrics, options, and education so they can develop the necessary fact base and then use it to craft specific business strategies," added Dr. Matsiras.

For additional information on the news that is the subject of this release and relevant white papers, visit http://www.corphi.com and http://www.statprofile.com

About Corporate Health Initiatives Consulting, LLC:
Corporate Health Initiatives Consulting, LLC (CorpHI) was formed to meet a market need for business decision support and research services at affordable prices. The offering is a three-segment broad range of comprehensive and integrated business solutions that move away from one-size-fits-all programs, to individualized or personalized business guidance and incentives -instrumental in changing business behaviors that in turn reduce corporate operational costs. They represent innovative and actionable steps that simplify the business decision making process by allowing management to gain ever-more insight, drill into details and make decisions about business options' benefit and cost structure. With a track record in successfully implementing business solutions, improving business processes, and having a number of scientific presentations and publications, CorpHI is uniquely qualified to deliver project management, web promotion and health & welfare benefits results.