News & Insights

Can population health management help lower healthcare costs?

News Article - 07.30.18

Financial Management

One healthcare system has the data to support the importance of providing for nonclinical needs.
Summary: By taking on the costs for mental health and behavioral health screenings, Magellan Health has dramatically decreased the suicide rate of their surrounding population while also adding to their bottom line. “Humana estimates that an unhealthy day costs $15.64 in additional medical care per person per month,” as reported by Modern Healthcare. Using social determinants to support the needs of the surrounding population outside of direct healthcare can subsequently support health issues such as depression and diabetes.

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