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Healthcare Case Management Program Article on Healthcare Costs

Controlling healthcare costs is critical in any business.  This article looks at this issue closer

Please review our Healthcare Case Management Program

Please review our Healthcare Case Management Program

Please also review our Healthcare Case Management Program

The article, “How best-in-class employers control health care costs” by KATIE KUEHNER-HEBERT states,

“Best-in-class large and mid-sized employers are able to more effectively control their health care costs and bettermanage HR functions, as measured by lower turnover and higher employee satisfaction, according to two Gallagher Best-in-Class Benchmarking Analysis reports, based on employer responses to Gallagher’s 2017 Benefits Strategy & Benchmarking Survey.

Best-in-class large employers with 1,000 or more full-time employees achieved at least one of the following metrics for premium cost increases in the past three years: 3.9 percent or less for the last three years; 0.9 percent or less for two of those years; or 0.9 percent or less for one year plus 3.9 percent or less for another year.

One way they achieve this is by spending less — 62 percent best-in-class large employers spend under $10,000 on employer-paid benefits per eligible employee, compared to 42 percent of other large employers. To make sure eligible workers are enrolled in the appropriate plans, 68 percent of the best-in-class perform audits, compared to 47 percent of their peers. In addition, they have a greater tendency to self-administer maternity leave (83 percent vs. 71 percent).

“While employers may contain costs by using these spending approaches, they risk possible consequences from shifting more financial responsibility to employees — including impacting employee health and talent recruiting and retention,” the authors write. “For this reason, best-in-class employers for human resource management and the best of the best tend to avoid these tactics.”

To read the entire the article, please click here

 

Please also review our Healthcare Case Management Program

 

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