university of michigan

For People with Diabetes, Walking May Help Reduce Health Care Costs

If you could save $9.07 for each additional 100 steps you took, how far would YOU walk?

Participating in a walking program may indeed reduce out-of-pocket health care expenses for people with diabetes. That’s the recent finding by researchers from the University of Michigan Department of Family Medicine and the Veterans Affairs Ann Arbor Center for Clinical Management Research.

According to their findings, every additional 100 daily steps taken by participants was related to an average individual savings of $9.07.

The research team examined step count data for 7,594 Blue Cross Blue Care Network (BCN) enrollees who participated in its Walkingspree program in 2010. Using data submitted monthly by the subjects, the researchers were able to compare the change in total annual health care costs for the year before and after starting the program.

According to their findings, every additional 100 daily steps taken by participants was related to an average individual savings of $9.07. They also found that, on average, individuals without diabetes experienced greater total cost reductions compared to those with diabetes or diabetes with complications.

Among individuals who averaged at least 5,000 daily steps, the average expected total change in annual health care costs was $872.67 for people with diabetes and $2491.88 for people with diabetes with complications. Although there is an expected increase in health care costs for the average person with diabetes, this increase is relatively smaller for those who averaged more daily steps.

The group presented its findings at the Society of Behavioral Medicine Annual Meeting in San Diego this past March (“Can a Pedometer-Based Walking Program Lower Health Care Costs Among Adults with Type 2 Diabetes?”).

 

Photo Credit (top photo): Vladimir Kudinov http://www.vladimirkudinov.com/

Source: http://www.prweb.com/releases/2017/03/prweb14166552.htm

CARROT Participates in U-M Student Program

The University of Michigan’s Ross School of Business recently invited CARROT to participate in its annual Venture Capital Investment Competition. This unique program allows MBA-candidate students to compete as members of fictitious VC teams in evaluating startup businesses. The students are coached by professional venture capitalists and members of the U-M faculty.

CARROT CEO Michael Antaran was one of three entrepreneurs asked to participate in the program.

“I’m so honored that I could help give these students a chance to gain some valuable real-world experience,” Antaran said. “I really enjoyed interacting with the students, the staff members, the VC’s and the other entrepreneurs. It was a great learning experience for everyone involved, myself included.”

The full-day program, hosted by the Zell Lurie Institute for Entrepreneurial Studies in Ann Arbor, asked each business owner to make a 10-minute presentation and then conduct 15-minute meetings with each of the competing student teams.

“The students were very, very impressive,” Antaran said. “I feel like it’s my obligation to give back when I have these opportunities. I’m glad I could contribute.”