Seven Steps of BeneFIT Design
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The 7 Steps of BeneFIT Design

Planning and Implementing a Value-Based Health Strategy

Organizations can create a successful value-based health benefit strategy in 7 steps1:

  1. Define Value
  2. Collect Data
  3. Organize Your Data
  4. Analyze Your Data
  5. Target Your Initiatives
  6. Pitch Your Initiatives to the C-Suite
  7. Implement Your Initiatives

Reducing healthcare costs in your company starts with a plan.

Approaching the 7 Steps

The 7 steps cover the following areas:

  • The concept of BeneFIT Design, an organizational litmus test for delivering value that is:
    • Fact-based
    • Integrated
    • Targeted to need
  • Application of the BeneFIT Design concept. Applying BeneFIT Design requires 7 action steps. These steps guide managers through the stages of benefit design:
    • Planning
    • Designing
    • Implementing

Jack Mahoney, MD, and David Hom of Pitney Bowes wrote about these 7 steps in their book, BeneFIT Design.1

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What Can Your Company Do?

Challenge your organization to apply the BeneFIT Design model within the health benefit planning process. Implement the 7 steps to strategically invest in value-based health initiatives.

Create a successful value-based health benefit strategy in 7 steps. Order your free copy of BeneFIT Design from the GlaxoSmithKline Response Center at 1-888-825-5249.

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Reference:

  1. Mahoney J, Hom D. BeneFIT Design: Seven Steps to Value-Based Health Benefit Decisions. Philadelphia, PA: GlaxoSmithKline; 2007.