Obeo Health Improves Healthcare Buying Decisions By Offering Prescriptive Analytics

BURLINGAME, Calif., April 21, 2016 /PRNewswire/ -- Obeo Health introduces the world's first technology to serve as a full-scale healthcare finance management tool for both companies and their workers and offers the only suite of cloud-based tools combining health data analytics, clinical expertise and employee education.

Why choose Obeo Health? Picking the most effective health plan is complicated, and most employees fail to select the one that's best for them. Obeo Health eases this dilemma by creating applications that compare benefit plans and increase their health literacy. Better choices can save money. The typical U.S. employee spends $3,000 to $12,000 each year on healthcare.

"For the average American, healthcare is one of the biggest line item costs they have, yet people have no idea how they are spending these dollars, where they are spending them and how to budget," said Obeo Health's Chief Executive Officer, Naveen Saxena. "Obeo's suite of secure and HIPAA-compliant tools allows people to understand health plans, budget their healthcare dollars and minimize their out-of-pocket expenses."

Annual premiums for employer-sponsored family health coverage reached $17,545 this year, up 4 percent from last year, with workers on average paying $4,955 towards the cost of their coverage, according to the Kaiser Family Foundation/Health Research & Education Trust 2015 Employer Health Benefits Survey. 

"Medical plans have become increasingly complex in an effort to control rising costs. Employees have largely been left with little to no tools or support in making important health care decisions," said Nate Randall, President of Ursa Major Consulting and former Head of Benefits at Tesla Motors. "Obeo Health's unbiased presentation of personalized medical costs provides the critical support employees and their families need during Annual Open Enrollment and throughout the year."

For employees, Obeo Health creates better healthcare literacy by offering data-driven tools such as My Open Enrollment Assistant and My Health Manager.

Learn more about how Obeo Health can save companies money and improve healthcare financial management at http://www.obeohealth.com/press-releases/.

About Obeo Health
Obeo Health is a healthcare technology leader changing how employees engage with their healthcare choices. Our platform combines advanced prescriptive analytics and personal health data to give more transparency and control.
Contact us today for a free demonstration at http://www.obeohealth.com/request-demo/

SOURCE Obeo Health

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