Company Filing History:
Years Active: 2014
Title: Khalid Nazir: Innovator in Health Care Cost Management
Introduction
Khalid Nazir is a notable inventor based in Louisville, KY (US). He has made significant contributions to the field of health care through his innovative patent. His work focuses on reducing health care claim costs by utilizing financial incentives linked to member engagement metrics.
Latest Patents
Khalid Nazir holds a patent titled "Method for using financial incentives with member engagement metrics to reduce health care claim costs." This health care plan system is designed to lower future claims costs by implementing financial incentives that are tied to member engagement metrics. The system sets pre-defined targets for member engagement metrics, which in turn influence claims cost targets for the sponsor. If the sponsor meets these engagement targets, they benefit from reduced administrative fees. Conversely, if the targets are not met, the health plan administrator is obligated to repay or reduce the fees charged to the sponsor. This innovative approach not only incentivizes member engagement but also holds the health plan administrator accountable for service performance.
Career Highlights
Khalid Nazir is currently employed at Humana Inc., where he continues to develop and refine health care solutions. His work has been instrumental in shaping strategies that aim to improve health care cost management. With a focus on member engagement, Khalid's contributions are paving the way for more efficient health care systems.
Collaborations
Khalid collaborates with several professionals in his field, including Beth Bierbower and Traci Elliot. Their combined expertise enhances the development of innovative health care solutions.
Conclusion
Khalid Nazir's innovative approach to health care cost management through his patent demonstrates his commitment to improving the industry. His work at Humana Inc. and collaborations with colleagues further highlight his impact on health care solutions. Khalid's contributions are vital in the ongoing effort to reduce health care costs while enhancing member engagement.