Buck, an integrated HR and benefits consulting, technology, and administration services firm, and MedEncentive, a digital health-improvement and cost-containment service, today announced a partnership to offer MedEncentive’s patented Mutual Accountability and Information Therapy (MAIT) Program as part of its own employee health plan and also introduce the program to its clients.
MAIT is an innovative doctor-patient aligned incentive program that nudges better health behaviors by inspiring employees to make informed medical decisions, resulting in reduced healthcare costs and a return on investment for the plan sponsor. Following each eligible office visit, doctors assign employees an information therapy (Ix®) session containing credible educational content tailored to their individual medical condition and treatment options. Through the program’s unique incentive mechanism, both doctors and employees are financially rewarded to encourage one another to engage in better healthcare and health behaviors.
“We’re excited to launch this unique reward-induced digital information therapy program, which provides people with the right information, at the right time, in the right way, so they are more knowledgeable and motivated to make better decisions about their health and treatment options,” said Brian Stitzel, U.S. Health Practice Leader of Buck.
In a five-year study, recently published in the peer-reviewed Journal of Medical Internet Research and certified by the Validation Institute, researchers found that the MAIT Program was associated with significant reductions in hospitalizations, emergency room visits, and per capita expenditures, producing a large return on investment for the health plan sponsor.
“Information therapy is an effective and underutilized strategy for improving health outcomes for members and delivering significant ROI for plan sponsors,” said MedEncentive CEO Jeff Greene. “Buck is to be commended for recognizing the value it will bring to its employees and its clients.”
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Paychex, Inc., a leading provider of HR, payroll, benefits, and insurance solutions, has earned industry recognition for its cloud-based HR technology application, Paychex Flex®.
The platform was recognized with an HR Tech Award for Best Small and Medium Business (SMB)-focused Solution in the Core HR/Workforce category.
The HR Tech Awards program, powered by Lighthouse Research & Advisory, is designed to give buyers a shortlist of vetted, capable providers specific to their needs.An independent judging panel of industry analysts and experts reviewed more than 30 solutions as part of the analyst and advisory firm’s inaugural HR Tech Awards program.
Solution providers were evaluated across several different categories, including the problem(s) the technology solves, customer satisfaction, key differentiators, and a product demonstration.“Paychex continues to push the envelope, developing and looking for new ways to pursue innovation,” said Ben Eubanks, Lighthouse Research principal analyst, as a part of this reveal of award winners.
They’re putting the ‘service’ in software-as-a-service.”Upholding Paychex’s commitment to offering simple, easy-to-use solutions for businesses of all sizes to recruit, onboard, pay, and manage their employees, Paychex Flex facilitates important HR tasks for employers that maximize the employee experience and allows them to focus on managing and growing their business.“With nearly 50 years of experience working with customers and a constant focus on adapting our solutions to meet the evolving needs of businesses, Paychex Flex helps employers manage their employees, solve workforce challenges, and streamline complex HR tasks,” said Tom Hammond, Paychex VP of corporate strategy and product management.
“We’re honored to receive this industry recognition from Lighthouse Research & Advisory for our company’s efforts in supporting businesses and their employees, especially as they navigate a litany of new and evolving challenges brought on by the COVID-19 pandemic.”Built around a unique fusion of data, technology, and service, Paychex Flex unlocks productivity and flexibility for users whether working on-site, remote, or a combination of both.
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VNDLY, a leading cloud-based workforce management systems provider, announces its global expansion with a new office located in Toronto.
The company, founded in 2017, is recognized by industry experts as a top-ranking technology provider in the vendor management systems category (VMS).
The company raised $46 million in external funding in 2019 and supports many Fortune 500 companies as clients to help manage their non-employee workforces.
HRtech NewsVNDLY’s Canadian entity will be headed by Kyle Hodgson, VNDLY’s director of engineering and operations, three-time start-up CTO, and published technical author.
VNDLY chose Toronto because the city has a large high-tech talent pool, offers affordability that supports rapid scaling, and was recently ranked as North America’s third-best tech city behind San Francisco and Seattle.
“We’re thrilled to share the good news about our Toronto office, which is the beginning of our strategic global expansion,” said David Weiss, VNDLY’s executive vice president of sales.
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