|
||||||||
|
||||||||
|
My Healthy Lifestyle(R), a Division of Cavit Sciences, Inc., Fills
Gap in Industry Spending Billions on Health Management
Last update: 7/10/2009 9:10:01 AM
PATERSON, N.J., Jul 10, 2009 (BUSINESS WIRE) -- Cavit Sciences,
Inc. (CVIT) is pleased to announce that it has completed plans to
launch and market it's newly acquired My Healthy Lifestyle(R)
e-Health & Wellness portal to deal with the rising cost of disease
management for the treatment and improvement of lifestyle
diseases.
Disease management has long been a strategy that both employers
and health plans have used to reduce the costs of, and improve the
quality of care for those individuals who have the largest impact
on the health care system--those with chronic disease.
According to the eHealth Initiative, a Washington DC based
organization, whose mission is to drive improvement in the
quality, safety, and efficiency of health care through information
and information technology, claims the disease management industry
has grown rapidly, with estimated annual revenues increasing from
about $78 million in 1997 to almost $1.2 billion in 2005, with
projections exceeding $1.8 billion by 2008. Some reports indicate
that significantly more dollars are spent in this industry with
estimates from $10 to $50 billion.
A recent article published by HRMorning.com states that "despite
slump, firms still promote and pay for wellness." A new survey of
500 HR managers by Towers Perrin shows that -- even amid cuts in
salaries and 401(k) contributions -- many firms still are willing
to invest in employee wellness. And another survey explains why we
get fatter as the economy drops. Here are the highlight numbers
from the survey:
-- 50% of companies have or will introduce or increase investments
in wellness and health promotion in 2009 and 2010.
-- 32% have or will introduce or increase financial incentives,
such as bonuses or premium discounts, for wellness or health
promotion activities in 2009 and 2010. Another 30% are considering
the use of such incentives and bonuses.
-- 45% say they're considering introducing or increasing penalties
for non-participation in wellness or health-promotion activities.
-- Also, a study by the U.S. Department of Health and Human
Services shows that a dollar invested in wellness yields up to
$4.90 in health and absentee savings for employers.
The new My Healthy Lifestyle(R) e-Health & Wellness portal
provides very competitive modestly priced turn key wellness
benefit plans; an e-commerce Buying Club and plans for a Community
are underway.
About Cavit Sciences, Inc.
Cavit Sciences, Inc. ("Cavit") is a biotechnology company engaged
in developing treatments and prevention for cancer, viral
infections and related diseases along with natural supplements for
a healthy lifestyle. Additional information regarding Cavit can be
obtained on the Company's website at: .
About My Healthy Lifestyle(R)
My Healthy Lifestyle(R) is the health care industry trusted
trademark for the ultimate all-inclusive discount buying club for
Health & Lifestyle and e-Health & Wellness portal. My Healthy
Lifestyle(R) provides custom turn key Wellness Solutions for
Employers which can be easily be populated with their choice of
services and content, and integrated into a custom branded
website. We deliver portal access and functionality that is simple
to implement, centrally administered and professionally managed.
SOURCE: Cavit Sciences, Inc.
|
