Wellmark annual report showcases "Wellmarkability" Report highlights work being done to build and maintain a sustainable health care system
DES MOINES, IA — Wellmark Blue Cross and Blue Shield today released its 2016 annual report, "Wellmarkability." The report highlights Wellmark’s progress toward their goal of building and maintaining a sustainable health care system.
"More than any other insurance company in Iowa and South Dakota, Wellmark has the desire and ability to sustain the industry by working to reduce costs, enhance service, and encourage healthy living," said John Forsyth, Chairman and CEO of Wellmark.
A few highlights include:
- Thirteen accountable care organizations saved more than $35 million, and more than 13,000 additional members saw a primary care physician and 763 more kids received well-child visits.
- Over a three-year period ending in 2016, Wellmark spent nearly 86 cents of every premium dollar on members' health care services.
- BlueSimplicity℠ plans were introduced because members wanted more predictable costs and greater control of their care.
- Wellmark’s Blue Distinction Centers are, on average, 20 percent more cost-efficient than other health care centers but also allow fewer complications and re-admissions.
"Iowans and South Dakotans count on our unique ability to bring more value to their health care investment," said Forsyth. "I am very confident in the future of our company and our ability to make a positive difference in the lives of Iowans and South Dakotans."
To read the report and learn more about Wellmark’s progress on their goal, visit Wellmark.com/ability.