Company Filing History:
Years Active: 2014
Title: The Innovative Contributions of Beth Grice
Introduction
Beth Grice is a notable inventor based in Louisville, KY (US). She has made significant strides in the healthcare industry through her innovative approach to reducing healthcare claim costs. With a focus on member engagement metrics, her work aims to create a more efficient healthcare plan system.
Latest Patents
Beth Grice holds a patent for a method that utilizes financial incentives alongside member engagement metrics to reduce healthcare claim costs. This innovative system is designed to lower future claims costs by setting pre-defined targets for member engagement metrics. The claims cost targets for the sponsor are established based on their ability to meet these engagement targets. If the sponsor fails to meet the claims cost target, the health plan administrator is required to repay or reduce the administrative fees charged. Conversely, if the target is met, the sponsor pays additional fees to the health plan administrator. This system also includes provisions for repaying or reducing fees if the health plan administrator does not meet service performance targets. Throughout the plan year, sponsors receive scorecards to appraise their progress on member engagement and service performance metrics.
Career Highlights
Beth Grice is currently employed at Humana Inc., where she continues to develop innovative solutions in the healthcare sector. Her work is instrumental in shaping the future of healthcare plans and improving cost efficiency for sponsors.
Collaborations
Beth collaborates with talented professionals such as Beth Bierbower and Traci Elliot, contributing to a dynamic work environment focused on innovation and excellence.
Conclusion
Beth Grice's contributions to the healthcare industry through her patent and work at Humana Inc. highlight her commitment to improving healthcare systems. Her innovative methods are paving the way for more effective healthcare management and cost reduction.