Respected third party independently certifies that Ceresti’s digital caregiver empowerment program reduced medical costs for Medicare Advantage members with dementia by 53%.
CARLSBAD, Calif. – January 4, 2022 – Ceresti Health, a digital health company that specializes in virtual care for Medicare beneficiaries that depend on family caregivers, has achieved Level-1 certification of Savings from Validation Institute for its digital caregiver empowerment program deployed to family caregivers of Medicare Advantage members with dementia. Validation Institute is an independent, objective, third-party organization that verifies the accuracy of marketing and data claims made by healthcare solution providers.
Validation Institute’s Level 1 certification, the highest category of savings, confirms that patients with Alzheimer’s Disease or other dementias had lower total medical costs than similar patients when their family caregiver enrolled in Ceresti’s Digital Caregiver Empowerment Program. Ceresti’s certified savings demonstrate that more empowered and supported family caregivers (e.g., spouses, adult children) can reduce healthcare utilization and medical costs for a loved one (i.e., the member) living with Alzheimer’s disease and other dementias.
Health economists from Validation Institute performed a comprehensive review of Ceresti’s claims-based study of 131 caregiver/member dyads who enrolled in the company’s digital caregiver empowerment program and found that members had 53% ($666 PMPM) lower medical claims costs over a 6-month period compared to a matched comparison group of 393 members whose caregivers were not enrolled in the Ceresti program. Cost savings were primarily driven by reducing inpatient admissions by 80% and reducing 30-day readmissions by 73%, versus the matched comparison group. Cost savings for a sub-population of more expensive members who were high utilizers were $1433 PMPM.
“Ceresti is deeply committed to improving the knowledge, skills, confidence and well-being of family caregivers to achieve cost and quality outcomes for their loved ones who are members of a Medicare Advantage health plan. Our digital caregiver empowerment program utilizes personalized education, proactive coaching and remote monitoring, as well as predictive analytics, to reduce unnecessary member hospitalizations,” said Dirk Soenksen, Co-founder and CEO of Ceresti Health. “This validation is a clear testament that supporting members who depend on family caregivers can drive statistically significant and financially meaningful cost savings, with commensurate improvements in the quality of care.”
“We congratulate Ceresti on this achievement and are pleased to add them to growing list of best-in-class validated solution providers. We are so confident in the claim validated that we stand behind this validation with our own $25,000 financial Credibility Guarantee,” said Benny DiCecca, CEO & President, Validation Institute.
Ceresti is a digital health company that specializes in virtual care for Medicare beneficiaries who depend on family caregivers to manage changes in condition. Ceresti is first to market with a scalable digital caregiver empowerment program that utilizes personalized education, proactive coaching, remote monitoring and predictive analytics to upskill family caregivers on how to best care for a loved one (i.e., the member). Our validated outcomes demonstrate that more empowered family caregivers can reduce healthcare costs for vulnerable and underserved members, while improving their own mental health. Learn more at ceresti.com.
ABOUT VALIDATION INSTITUTE
Validation Institute is an independent, objective, 3rd party organization on a mission to improve the quality and cost of healthcare. Based in Woburn, MA, the organization is made up of a network of health benefits purchasers, health benefits advisors, and healthcare solution providers focused on delivering better health value and stronger outcomes than conventional healthcare.
Contact: Dirk Soenksen, firstname.lastname@example.org