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INCENTONE RELEASES EMPLOYEE POWER™ 2.0
First Incentive Solution to Reduce Healthcare Costs Adds Enhancements
NEW YORK, NY (March 30, 2006) - IncentOne, a leading provider of award-winning incentive solutions to the FORTUNE® 1000, has released Version 2.0 of EMPLOYEE POWERTM – the first integrated incentive solution designed specifically for corporate wellness and healthcare cost reduction programs. Using IncentOne’s proven incentive platform, EMPLOYEE POWER 2.0 combines a progressive incentive management system with the most comprehensive reward portfolio available to provide clients with a tool that engages participants, promotes initiatives and drives results.
Version 2.0’s innovative enhancements, in the form of “Toolkits”, manages various functions including payroll contributions and integration, incentive budgeting and the tracking of health activities outside standard data sources. It also provides for enhanced integration with healthcare partners such as health plans, wellness companies, and employer systems. According to Michael Dermer, President and CEO of IncentOne, “In 2005, many employers and health partners were unsure whether incentives were a required part of an effective health promotion program. Today, some argue that incentives are the critical driver for participation, engagement and behavior change. When costs are driven primarily by chronic conditions such as smoking related illnesses, changing daily behavior by using incentives effectively is essential.”
“Our healthcare research has shown that customization and incentives will play increasingly important roles for employers interested in cost-effectively improving the quality of their overall population health initiatives,” affirms Chris Hoffman, Senior Principal and Research Director at TripleTree, a leading technology and healthcare focused investment banking firm. EMPLOYEE POWER 2.0 not only enables companies to drive specific behaviors that reduce healthcare costs, it provides the ability to organize, manage and track all program activities. Using EMPLOYEE POWER 2.0, health activities from multiple data sources result in the issuance of incentives to recipients for achieving healthcare objectives. Recipients then redeem those incentives for the rewards of their choice from IncentOne’s reward portfolio including gift cards from hundreds of national retailers, brand-name merchandise and travel packages.
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Since 1997, IncentOne has provided integrated incentive solutions to clients ranging from the FORTUNE® 1000 to small business, including half of the FORTUNE® 50. IncentOne’s solutions combine its proven incentive platform with the industry’s most comprehensive reward portfolio and Best Practices to provide companies with a tool to drive business objectives. IncentOne’s clients include Washington Mutual, WebMD, Blue Cross Blue Shield, Deloitte, MGM, ADP, NBC and the United States Postal Service.
For more information, please visit the Web site at www.IncentOne.com or contact Rick Gordimer, (201) 372-9250 ext. 302 or RGordimer@IncentOne.com.
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