Oakmont, PA 15139, US
Innovative Wellness Solutions implements the only population health management solution for self-insured companies with a positive ROI from day 1. Companies are faced with escalating healthcare costs, rising rates of chronic illness and a disengaged workforce. Although adoption of population based wellness programs has been rising (70% of companies offer a wellness program), the task of administering a program and driving desired results has proven difficult. Most companies with between 300 and 3000 employees lack both the personnel and expertise to design and implement programs. Current technology solutions fall short in driving results.IWS leverages the clinical research that shows that human + technology mediated population health management is twice as effective as either mode individually. We first provide the population health management expertise, data gathering, program design and deployment channels that most companies with between 300 and 3000 employees lack internally. Second, we implement engaging population health management programs within companies that not only drive behavior change, but also sustain behavior change. The end result of both of these is a healthier, more engaged and productive workforce.We operate on a city by city basis with one Vice President, four Regional Mentors and up to 30 Wellness Coaches (POD). Each POD effectively manages 23 full service clients and is capable of creating $4.5 million in revenue. We realize two primary cash flows, that which results from the coaching we provide and a per employee per month fee related to the use of our web and mobile platform.Our growing distribution through middle market benefits brokers has us poised to grow to 8 cities in 2017 and triple our revenue with a goal of $18 million in revenue by 2020. We are seeking $1 million in seed funding to leverage this opportunity and scale our business.
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First, we provide the population health management expertise, data gathering, program design and deployment channels that most companies with between 300 and 3000 employees lack internally. Second, we implement engaging population health management programs within companies that not only drive behavior change, but also sustain behavior change. The end result of both of these is a healthier, more engaged and productive workforce.
Jordan brings a unique blend of financial and public health education and experience to IWS. His degree in finance and sales experience combined with his graduate education in epidemiology (studying with the team that created the Diabetes Prevention Program) allows him to craft the vision of driving population health within the context of a for profit entity.
Dr. Kaye Kramer joined IWS in June 2016 as our Chief Science Officer. Her 30 year career at the University of Pittsburgh established her as a leading expert on the prevention of chronic disease. At IWS, her role is to lead the evidence based design of our technology and coach mediated interventions. As well, she leads the curriculum design of our proprietary Wellbeing Coach training.
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Russell is President and CEO of Babb Inc. Babb Inc., is an insurance broker, third party administrator and consultant to employers. Babb is headquartered in Pittsburgh PA.Russell has earned the designation of Managed Health Care Professional and is a Certified in Benefits Account Management, PPACA, Consumer Driven Health Plans and Wellness. Serving and leading a Hospital, Physician Practices, a Nursing Home and an EMS board he brings a unique prospective to Babb's employee benefit client engagements. A life long learner Russell has been actively involved in the Katz School Executive Education Program, The CEBS program through the Wharton School, The Lincoln Leadership Institute at Gettysburg and The Thayer Leadership Development Group.
Chris had previously founded and grown Up4Sale into ebay’s largest competitor and eventually sold the company to them for $100 million. Subsequently, Chris started SparkPeople.com which has become one of the top health and fitness sites on web and mobile with nearly 14 million unique visitors each month.
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Funding Raised So Far$1,000,000
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