New Glossary Helps Employers Take the First Steps to a Healthier Workforce


February 7, 2012

Contact:
Brenda Hofmann
brendah@ifebp.org
(262) 373-7756

New Glossary Helps Employers Take the First Steps to a Healthier Workforce

Brookfield, Wisconsin—Many employers agree that creating healthier employees is key to their organizations’ success, but taking the first steps can be daunting. The newly published Value-Based Health Care Glossary of Terms helps employers understand the fundamental terms and concepts of value-based health care (VBHC) so they can lay a path toward healthier organizations.

The glossary provides practical explanations of more than 500 terms covering the full scope of VBHC, an outcome-driven, consumer-centered approach that focuses not on the dollars being spent, but on how the dollars being spent will improve employees’ health. The glossary defines terms covering all areas of VBHC and managed care, including:

  • Plan design features
  • Health insurance
  • Health management strategies
  • Care providers
  • Quality assessment
  • Cost sharing
  • Claims administration
  • Government legislation.

Value-Based Health Care Glossary of Terms includes commonly used acronyms and cross-reference terms to help users get the full picture of the complex and rapidly changing health care arena. The glossary also identifies many health-related organizations that could be invaluable resources for plan sponsors.

The glossary is part of an ongoing, multistep initiative to provide practical ways for multiemployer and public employer plans to integrate VBHC strategies. The initiative is funded in part by a grant from Pfizer Inc. For more information, visit www.ifebp.org/vbhc.

Value-Based Health Care Glossary of Terms is available in print or as an e-book and can be purchased for $13 (International Foundation members $10). Visit www.ifebp.org/books.asp?7112.

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The International Foundation of Employee Benefit Plans is a nonprofit organization, dedicated to being a leading objective and independent global source of employee benefits, compensation, and financial literacy education and information. Total membership includes more than 35,000 individuals representing over 8,300 trust funds, corporations, public employee groups and professional advisory firms in the United States and Canada. For additional information, visit www.ifebp.org.

Pfizer applies its science and global resources to improve health and well-being at every stage of life. Consistent with Pfizer’s responsibility as the world’s leading biopharmaceutical company, Pfizer also collaborates with health care providers, governments and local communities to support and expand access to reliable, affordable health care around the world. For more than 150 years, Pfizer has worked to make a difference for all who rely on the company. For additional information, visit www.pfizer.com.

Note—A complimentary copy of the glossary is available to credentialed media upon request.