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Healthcare tools maker SHPS, which is based in Lousiville, Ky., has introduced a health risk engine that allows employers–and employees–to manage their health expenditures effectively. The new tool lets self-funded employers quantify health risks among its employee population and actively monitor the drivers of those risks as part of an effort to contain healthcare costs. “Traditional healthcare purchasing patterns among employers have focused on the flow of dollars, rather than the flow of care,” says Krishnan Sastry, executive vice president for strategic development and innovation at SHPS. “The SHPS health risk engine lets an employer understand both his flow of dollars and his flow of care. This can help in fashioning healthcare strategies. Understanding your employee population’s healthcare risk and what sorts of services need to be provided going forward can help mitigate those risks, especially for those who have emerging risks.”

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