Traci Elliot

Title: Traci Elliot: Innovator in Health Care Cost Management

Introduction

Traci Elliot is a notable inventor based in Prospect, KY (US). She has made significant contributions to the field of health care through her innovative patent. Her work focuses on reducing health care claim costs by utilizing financial incentives linked to member engagement metrics.

Latest Patents

Traci Elliot holds a patent for a "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 establishing financial incentives based on member engagement metrics. The system sets pre-defined targets for member engagement, and claims cost targets for the sponsor are determined by their ability to meet these engagement metrics. If the claims cost target is not met, the health plan administrator is required to repay or reduce the administrative fees charged to the sponsor. Conversely, if the target is achieved, the sponsor pays additional fees to the health plan administrator. The system also includes provisions for repaying or reducing fees if service performance targets are not met.

Career Highlights

Traci Elliot is currently employed at Humana Inc., where she applies her expertise in health care management. Her innovative approach has positioned her as a key player in the industry, focusing on cost reduction and member engagement.

Collaborations

Traci has collaborated with notable colleagues, including Beth Bierbower and Beth Grice, who contribute to her work in health care innovation.

Conclusion

Traci Elliot's contributions to health care through her innovative patent demonstrate her commitment to improving the industry. Her work not only aims to reduce costs but also enhances member engagement, showcasing the potential for innovation in health care management.