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Apr 13, 2016 9:27 EST

Rapid i2i – Reduce Workers Comp.

iCrowdNewswire - Apr 13, 2016

Rapid i2i

Reduce Workers Comp.

 
 

While this approach has resulted in some marginal improvements, it has not made a noticeable dent on healthcare benefit costs for employers. On the contrary, costs have gone up four-fold, from $5,000 to $20,000 in premiums per employee, over the last 15 years.

Radically different approaches are needed to bend the cost curve in the future. Rapid i2i is focused on identifying evidence based pathways that can make a dramatic reduction in cost, lost time, side effects, and complications; and helping employers implement and realize those benefits.  

We launched in September 2015, were selected to join the exclusive Collide Village Accelerator Program and completed the program, have a working solution, a paying customer, and 3 months of active usage where a large retail hardware chain has realized significant benefits using our solution.

Things are moving fast at Rapid i2i and we’re well positioned for even bigger growth in the coming months.

Join us as we improve outcomes — for you, for our partners and customers and for ourselves!

 
 
 
 

Over the last 15 years, employers healthcare costs have gone up four-fold – from an average premium of $5,000 per employee to close to $20,000 (http://kff.org/interactive/premiums-and-worker-contributions/). Worse, that trend won’t change any time soon unless radically different approaches are taken.

Led by a team with decades of experience in outcomes improvement, Rapid i2i helps employers dramatically reduce costs in focused areas by enabling evidence based pathways. 

Case Study
For a large hardware retail chain, for certain kinds of back and related workers compensation injuries (MSD-Musculo-Skeletal Disorders), their approach typically consisted of an emergency or hospital outpatient visit, several diagnostic and advanced imaging procedures (X-RAY, CT, MRI), visits to the physician who in turn prescribes opioids (pain killers), refers to pain clinics, until finally the patient gets treated by chiropractors and physiotherapists. Total cost: $2,500 per claim.

The Bree Collaborative (http://www.breecollaborative.org/wpcontent/uploads/spine_lbp.pdf) found that for MSD injuries that don’t need surgery, a good part of that pathway is a distraction. Our technology helped the retail hardware chain apply these evidence based pathways. 

The Result: Average costs went down 80% to $500 per claim. Even more important, lost days went down 50%. We have consistently demonstrated these benefits for 3 months in a row now. 

 
 
 
 

We have created a platform designed specifically to identify areas where there is a big difference between current pathways being used and evidence based pathways that can result in dramatic improvements. We have proven that this is a valid approach with MSD injuries. We are exploring other use cases including medications, oncology, and high cost employees.

 
 
 
 


Rapid i2i is part of one of the best accelerators in Dallas: the Collide Village Accelerator Program. This is a rigorous, full-time, 3-month program with a strong focus on applying data-driven methodologies to ensure that what we are focusing on is a better solution to a problem worth solving. 

Collide Village has also helped tremendously with industry relationships and pitching to investors. In addition to their expertise, they also invested $25,000.

We have one paying customer, and 3 months of active usage of our solution where we have demonstrated the value of our solution by helping them realize benefits consistently for every one of those 3 months.

 
 
 
 

Below are three use cases that illustrate who our customers are and how what we do for them.

Target Buyer: VP of Risk and Compliance in a large self-insured employer in an industry with higher than average injury rates – airlines, distribution centers, hardware stores and retail, hospitals, and manufacturing plants.

Solution: Dramatically reduce workers compensation claim costs for Musculoskeletal Disorders (MSD) injuries that don’t need surgery.

Financial Outcomes: Up to 80% less costs by using the right clinical pathways.

Clinical Outcomes: Less side effects and complications.

Operational Outcomes: 50% less lost work days.

Target Buyer: VP of Benefits Administration in a large self-insured employer.

Solution: Dramatically reduce treatment costs for Musculoskeletal Disorders (MSD) injuries that don’t need surgery.

Financial Outcomes: Up to 80% less costs by using the right clinical pathways.

Clinical Outcomes: Less side effects and complications.

Operational Outcomes: 50% less lost work days.

Target Buyer: VP of Benefits Administration in a large self-insured employer.

Solution: Exploring possible use cases in medications (current approach of replacing brand name with generics has resulted in significant savings, but unlikely to yield the same order of benefits moving forward), oncology (has high costs and high clinical variation – both indicative of our solution being effective), high cost employees (typically 10-15% of employees account for 80-90% of an employer’s healthcare costs. How can we apply these evidence based pathway ideas to make a dent here?). Actively looking for pilot customers.

 
 
 
 


Sri has over 20 years experience in improving outcomes and in applying best practices. He previously worked at Medecision, a wholly owned subsidiary of Blue Cross Blue Shield of TX (HCSC)  where he lead the product management function for solutions that touched 15 million patients, saw the entire startup journey at Net.Orange with a successful exit to NantHealth, has deep data and optimization skills from his work at i2, and customer development skills from his work at Accenture. He is a thought leader and has co-authored several articles in the Harvard Business Review on best practices in innovation.


Abhijit brings over 15 years of experience in data analysis, business intelligence and development. He previously worked at McKinsey & Company, Net.Orange / NantHealth, Oracle, and i2. Sri and Abi have known each other for over 16 years, have worked together at Net.Orange and i2, and have a complimentary set of skills.


Extensive business skills and healthcare experience. Former Partner at Sevin Rosen. Worked at Medecision and NantHealth. Board member at BSI Financial and NuTek Food Science.


Strong technical skills with a passion for transforming businesses through technology. Has helped several Fortune 500 clients modernize their technology. Previously worked at Symphony, NantHealth, GE, Xerox, and i2.


Chuck has founded numerous companies and led multinational public corporations. He has a proven track record of customer centered growth and responsive leadership in companies such as ComputerLand (VP of Products), New Horizons Computer Learning Centers (President and COO), Paragon Retail Systems (President), Tandem Computers (VP Operations TSC and GM TSC Europe), and OneTouch EMR (President and COO).


Sreejit has Global experience with a track record of incubating new business/ start-up operations, global delivery, account management, process excellence and people management. His areas of expertise include Digital Marketing, Digital Customer Acquisition, UX/UI, Outsourcing, Gamification, Machine Learning, and Cost Optimization.

 
 
Contact Information:

Srikanth Srinivas, CEO

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