|Benefits Roundtable Launches My Benefits Coach(TM)|
Online Resource Helps Save Organizations up to $1,350 Per Enrollee
ARLINGTON, Va.--(BUSINESS WIRE)--Aug. 27, 2008--The Corporate Executive Board's (NASDAQ: EXBD) Benefits Roundtable, a leading provider of benefits best practices, decision-support services, and executive education, today announced the launch of My Benefits Coach(TM), an interactive online training resource designed to help health plan enrollees make better decisions as they use health care.
A recent survey of 16,000 health plan enrollees conducted by the Roundtable identified a wide range of problems that lead to poor decision-making. For instance, 64% of enrollees experienced "decision paralysis" caused by the complexity of the health care system, and 70% fail to cover important topics such as health history or treatment risks and alternatives.
Based on these findings the Roundtable designed My Benefits Coach(TM) as a unique tool to target four underlying challenges to effectively using health care services:
1) Understanding how health insurance works 2) Effectively partnering with providers 3) Using health information available online 4) Managing long-term health and wellness
Managing Director Michal Kisilevitz says, "More than 40 percent of health plan cost increases are the result of individual enrollee decisions, and by addressing these four challenges we can help lower costs, saving as much as $1,350 per enrollee."
My Benefits Coach(TM) gives users a short quiz to assess their benefits knowledge, then sends them to specific training modules which address those knowledge gaps, such as "Partnering With Your Provider" or "Searching in the Right Places." This diagnosis-and-deliver methodology allows the Coach to contain well over an hour's worth of material, yet only deliver the 10 to 20 minutes that will be most relevant to a particular enrollee.
Top companies within the Roundtable's membership are already making plans to implement My Benefits Coach(TM). Several plan to make the Coach a part of their fall Open Enrollment process, including it in their early communications to help prepare enrollees to make their plan decisions. Others are integrating the Coach into their Employee Health and Wellness Portals, or even making the Coach the central gateway to their other health and wellness resources by including links to plan selection, provider identification, and risk prevention resources across the Coach's modules.
For more information on My Benefits Coach(TM), visit https://www.br.executiveboard.com/Public/My_Benefits_Coach.aspx.
About the Benefits Roundtable
The Benefits Roundtable supports benefits executives and their teams by providing them with customized insights on best-in-class solutions to key benefits challenges--plan design, communications, vendor management, wellness--and supporting the day-to-day management of benefits plans, in particular related to health benefits. In addition, the Roundtable supports members by providing ready-to-use benefits resources for a key constituency of the function--employees. For more information, visit www.br.executiveboard.com.
About the Corporate Executive Board
The Corporate Executive Board (NASDAQ: EXBD) provides analysis and authoritative guidance to the world's most successful organizations. With a member network of over 80% of the Fortune 500, the Corporate Executive Board delivers indispensable resources for timely decision-making on all issues related to strategy, operations and general management. For more information, visit www.exbd.com.
CONTACT: Corporate Executive Board Joni Renick, 571-303-4074 email@example.com SOURCE: Corporate Executive Board