Vitals, the Lyndhurst-based health care solutions company, said Monday that its health care shopping program has saved businesses more than $56 million over the past four years, and repaid $6.7 million in cash incentives to employees.
The company said its SmartShopper platform allows consumers to shop for, and select, better-value health care, resulting in savings for both companies and individuals.
“Technology alone is never going to bring down health costs,” CEO and President Heyward Donigan said in a prepared statement. “But, when you align incentives and provide information and personal support for consumers that helps them make confident health care decisions, people will shop. The impact of this behavior change is not only on business cost savings, but reduced market prices, as well.”