HeartRisk, a leading platform that combines insights from HIPAA-compliant anonymized and aggregated clinical cardiovascular risk data with industry and geographic data, aims to help employers understand the cardiovascular risks in their workforce compared to population and industry benchmarks.
Employers, benefits brokers, as well as potentially third-party administrators and health plan care managers in the future can access actionable insights related to risks associated with cardiovascular disease, such as the amount of stop-loss insurance to carry based on the degree of CVD risk in the relevant population or selections of appropriate chronic care management partners. Ultimately, stakeholders will leverage the insights from HeartRisk to make more data-driven decisions on the right suite of benefits, the proper allocation of resources, enhance employee retention rates, and take proactive measures to mitigate the profound impact of cardiovascular disease on productivity and healthcare expenditures.
Employer Healthcare Costs Are Soaring
Chronic conditions, including cardiovascular disease, significantly impact healthcare costs for employers. According to
Enhanced Risk Mitigation for Innovative Employers
Employers manage workforce health risks through a combination of preventive care, physical and mental health initiatives, and comprehensive insurance coverage. These strategies not only contribute to the well-being of employees but also help mitigate the financial risks associated with workplace injuries, chronic health conditions, and absenteeism.
Employers that fail to mitigate such risks experience significant costs, both direct and indirect. Direct costs can include increased insurance premiums and workers' compensation claims. Indirect costs often include lost productivity due to employee absenteeism, decreased morale, and the costs associated with hiring and training replacement workers. These challenges are only expected to increase for employers. The 2022 Best Practices in
'As we serve providers, health plans, and employer organizations, we know that the human toll and financial costs of cardiovascular disease are integrated. According to the
Employers can get ahead of rising healthcare costs with enhanced visibility into the health of their workforce and make data-driven decisions to invest in advanced medical technologies and wellness solutions that target their biggest cost centers, such as heart disease.
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Forward-Looking Statements
Certain statements and information included in this press release constitute 'forward-looking statements' within the meaning of the Private Securities Litigation Act of 1995. When used in this press release, the words or phrases 'will', 'will likely result,' 'expected to,' 'will continue,' 'anticipated,' 'estimate,' 'projected,' 'intend,' 'goal,' or similar expressions are intended to identify 'forward-looking statements' within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are subject to certain risks, known and unknown, and uncertainties, many of which are beyond the control of the Company. Such uncertainties and risks include but are not limited to, our ability to successfully execute our growth strategy, changes in laws or regulations, economic conditions, dependence on management, dilution to stockholders, lack of capital, the effects of rapid growth upon the Company and the ability of management to effectively respond to the growth and demand for products and services of the Company, newly developing technologies, the Company's ability to compete, regulatory matters, protection of technology, the effects of competition and the ability of the Company to obtain future financing. An extensive list of factors that can affect future results are discussed in the Current Report on Form 10-K for the period ended
Contact:
Tel: 855-226-9991
Email: investors@cardiodiagnosticsinc.com
Khullani Abdullahi
Tel: 855-226-9991
Email: pr@cardiodiagnosticsinc.com
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