Wellth

Wellth's Approach to Behavioral Economics

Wellth leverages the principles of behavioral economics to drive higher adherence to care plans among its members. By understanding the psychological factors influencing decision-making, Wellth designs interventions that encourage daily engagement and sustainable healthy habits. This approach is particularly effective in addressing the challenges faced by Medicaid populations, who often encounter barriers to consistent healthcare. The Wellth app's over 90% daily engagement rate demonstrates the efficacy of these behavioral strategies in motivating members to stay committed to their health goals.

Wellth's Solutions for Medication and Care Plan Adherence

Wellth offers comprehensive solutions aimed at improving medication adherence, care plan adherence, and optimizing quality metrics. These solutions are designed to support a wide range of disease states, including Behavioral & Mental Health, Cardiovascular Disease (CVD), Hypertension (HTN), Congestive Heart Failure, Diabetes, Immune System Disorders, Cancer, Chronic Kidney Disease (CKD), End-Stage Renal Disease (ESRD), and Chronic Obstructive Pulmonary Disease (COPD). By incentivizing daily actions through its app, Wellth ensures patients follow their prescribed regimens, thereby improving health outcomes and reducing healthcare costs.

Wellth's HITRUST Certified Platform

Ensuring data privacy and security is paramount for Wellth, which is why its platform is HITRUST certified. This certification signifies that Wellth adheres to the highest standards of information security, providing assurance to members and partners that their data is protected. The HITRUST certification is particularly important in the healthcare sector, where sensitive patient information must be handled with the utmost care to comply with regulations and maintain trust.

Wellth's At-Risk Fee Structure

Wellth operates on an at-risk fee structure, meaning the company only gets paid when members enroll in the program and remain engaged. This model aligns Wellth's incentives with those of its members and partners, ensuring a focus on sustained engagement and positive health outcomes. By adopting this performance-based approach, Wellth demonstrates confidence in the effectiveness of its solutions and its commitment to delivering tangible health improvements.

Wellth's Member Experience and Engagement

The Wellth app offers a simple and intuitive experience for members, requiring no additional devices beyond a smartphone. This ease of use is a key factor in achieving the app's impressive daily engagement rate of over 90%. Members are motivated through flexible rewards that also address social determinants of health, further enhancing their commitment to the program. The high Net Promoter Score (NPS) of 70 and above reflects strong member satisfaction, indicating that users find significant value in Wellth's services.