Truworth, in partnership with leading health insurance companies, has designed structured and outcome driven health benefits plans for the employers that has been proven to check the growth in insurance costs and improve the wellbeing of the employees, says Rajesh Mundra, Founder and CEO of Truworth Health, in an interview with Elets News Network (ENN).
Tell us about Truworth’s market solutions.
Truworth provides multiple health and wellness technology solutions for population health management. Our flagship solution for workplace wellness has been used by over 150 corporates and has reached to more than one million employees over a period of five years.
Truworth also provides telehealth solutions for biometric screenings of NCDs and is launching a mobile enabled solution for universal health screening of NCDs by National Health Mission. This solution is multilingual and can be easily used by health workers like those associated with Accredited Social Health Activist (ASHA) programme and Auxiliary Nurse Midwives (ANMs).
The solution uses Bluetoothenabled 2 in 1 device for the measurement of blood sugar and blood pressure and the cost of the device and sugar strip is low and very competitive. This solution can easily replace the current manual method without any additional costs and can bring tremendous cost efficiency, speed and transparency in the implementation.
Apart from this, Truworth also provides solutions for practice management, telehealth consultations and chronic disease management.
Employer wellness programmes have grown rapidly in recent years with the interest in making an impact on employees’ health. How does Truworth ensure delivery of successful programmes? Tell us about the programmes introduced?
Truworth Wellness is reinventing the employee health benefits model by integrating technology into every aspect of health and benefits including management and delivery. Truworth, in partnership with leading health insurance companies, has designed structured and outcome driven health benefits plans for the employers that has been proven to check the growth in insurance costs and improve the wellbeing of the employees.
Truworth Wellness engagement platform motivates the employees to remain healthy and happy enabling deviated lifestyle modifications through a gamified and socialised approach that is rewarding and incentivising. The technology platform also brings the entire health and wellness benefits ecosystem under one roof bringing in convenience and enabling better management and delivery of health benefits. Truworth Wellness data and analytics platform enables continuous, real-time monitoring to prevent hospital admissions, reduce avoidable spending, and identify and better manage chronic diseases.
Biometric health screenings are increasing in popularity and are being implemented by an increasing number of employers. What are the goals, overarching considerations and methods to execute biometric screenings and how can that help in improving healthcare conditions of users?
This is the most important aspect for reducing the healthcare burden of the population and should be mandatorily adopted by the Employers becoming a part of the employee appraisal. Currently, the adoption rate of biometric screenings at corporate population is less than 50 per cent and with the growing incidence of stress and sedentary lifestyle this number needs to go up.
Every employee should undergo minimum NCD screening twice a year and full preventive check-up once a year. The NCD screenings can be easily adopted onsite using telehealth solutions that are very user, friendly. Post the assessment of the population, the employers can initiate the wellness programmes targeting the population.
The structured outcome-oriented programmes of Truworth Wellness had demonstrated the decrease in the healthcare claims and costs when run over a period of three years and we have case studies to show that.
What are the key government initiatives to ensure the sector’s growth?
One of the key initiatives that the Government should take is to increase the tax exemption limits for health insurance plans that includes wellness and preventive health checks.
The IRDA should also recognise the specialised Wellness Companies as important part of the health insurance eco-system. The Government is one of the largest employers and provides free healthcare and should adopt the structured outcome oriented wellness programme that can reduce the healthcare burden on the finances and the resources of the government.
Truworth is soon going to launch specialised wellness plans with insurance in partnership with leading health insurance companies. Truworth Wellness also plans to extend the marketing reach for its plat form to the other geographies such as MENA, APAC and USA.
Please give us a brief overview of the emerging trends in the wellness sector.
One of the most significant emerging trends is the increased focus of insurance companies on the wellness and making it a part of the policy. Insurance companies are now rewarding the members by reduction of premium if the member is adopting the accepted wellness behaviour and maintain the healthy vitals.
What are your future expansion plans?
Truworth is soon going to launch specialised wellness plans with insurance in partnership with leading health insurance companies. We shall soon be launching our solution for NHM’s Universal Health Screening project and first pilot is expected to be rolled out very soon. Truworth Wellness also plans to extend the marketing reach for its platform to the other geographies such as MENA, APAC and USA.