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WOBURN, Mass., July 1, 2021 / PRNewswire-PRWeb / – Validation Institute, an independent and objective third-party organization that advocates for greater transparency for buyers of high-value healthcare and healthcare, is pleased to announce that after a thorough review of ” A comparative study based on 3 years of self-funded employer client medical claims data from 2017 to 2019, Hinge Health reduced MSK’s medical expenses by an average of $ 2,244 per participant in Hinge Health and generated an actual return on investment of 2.26 times. The savings on MSK’s medical claims are mainly due to the fact that 68.7% fewer participants in Hinge Health undergo invasive procedures than in the similar matched control group.
Hinge Health joins other MSK providers with current validations including SWORD Health, Airrosti, Integrated Musculoskeletal Care (IMC) and SimpleTherapy. Validation levels can be achieved in four areas and are supported by a maximum of $ 25,000 financial guarantee for employers if they do not see the claimed results.
“Validation Institute is committed to helping healthcare buyers analyze marketing claims, making it easier for employers to identify high-quality, value-driven, cost-conscious solution providers,” said Benny DiCecca, CEO and President of the Validation Institute. “We are delighted to add Hinge Health as one of our top providers of validated MSK solutions and impressed with the proven success they offer to their customers.
According to the World Health Organization (WHO), MSK is the most common category of conditions in the world, accounting for 20 to 25% of group health expenditure and 65% of occupational health expenditure.
Validation Institute is undertaking an MSK benchmarking initiative to make it easier for benefit buyers and employers to identify the best MSK solution for their population. To access the most recent validation reports from these MSK vendors as well as other healthcare solution providers, visit: https://validationinstitute.com/validated-programs/
About the Validation Institute
Validation Institute is an independent and objective third-party organization whose mission is to improve the quality and cost of healthcare. Situated at Woburn, MA, the organization is made up of a network of health benefit buyers, health benefit advisors and health solution providers focused on delivering better health value and better outcomes than conventional health care.
If you have a healthcare solutions provider that you would like to see validated or to learn more about the MSK benchmarking initiative, please contact Brigitte Kelly at bridget.kelly@validationinstitute.com
Media contact
Aimee OBrien, Validation Institute, 603-531-0266, aimee.obrien@validationinstitute.com
SOURCE validation institute
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