Centivo’s Post

In an article by Dan Mendelson published yesterday in Forbes, American businesses are facing a significant rise in health care expenses, with private health insurance costs expected to increase by 7.6 percent this year alone. This surge, the steepest in decades, poses challenges for businesses already navigating macroeconomic pressures and a complex labor market. Traditionally, businesses absorb these cost hikes to spare employees from higher premiums, aiming to maintain a healthy and productive workforce. However, concerns are mounting among C-suite executives regarding the effectiveness of spending on traditional health insurance products, particularly in light of fragmented care and rising out-of-pocket costs that may deter employees from seeking necessary treatment. To address this imbalance between cost and quality of care, stronger engagement from the C-suite is imperative. While financial chiefs typically monitor health insurance expenses, a more strategic focus on cost containment is necessary, especially with no sign of health care costs easing. Some positive trends are emerging, such as the integration of value-based care strategies by a growing number of large employers, aimed at holding providers accountable for meeting population health metrics and cost benchmarks. This shift toward value-based care, alongside efforts to enhance mental health resources and improve accessibility to care, signals a step in the right direction. #HealthCareCosts #ValueBasedCare #EmployeeWellbeing https://lnkd.in/gmGKQwbp

As health insurance and health care costs continue climbing, some employers are taking new and innovative steps to tamp down costs for themselves and their covered employees while not sacrificing the quality of care they receive. Some of the strategies require a proactive approach by engaging with their broker and insurer, and even local health care providers, efforts that may be hampered by location and how flexible insurers may be. The goal for these employers is to reduce their and their employees' costs and improve health outcomes. This item sets out some of the strategies that employers are pursuing. https://lnkd.in/gaN4vJ_g

As health insurance and health care costs continue climbing, some employers are taking new and innovative steps to tamp down costs for themselves and their covered employees while not sacrificing the quality of care they receive. Some of the strategies require a proactive approach by engaging with their broker and insurer, and even local health care providers, efforts that may be hampered by location and how flexible insurers may be. The goal for these employers is to reduce their and their employees' costs and improve health outcomes. This item sets out some of the strategies that employers are pursuing. https://bit.ly/49aVVR9

As health insurance and health care costs continue climbing, some employers are taking new and innovative steps to tamp down costs for themselves and their covered employees while not sacrificing the quality of care they receive. Some of the strategies require a proactive approach by engaging with their broker and insurer, and even local health care providers, efforts that may be hampered by location and how flexible insurers may be. The goal for these employers is to reduce their and their employees' costs and improve health outcomes. This item sets out some of the strategies that employers are pursuing. https://lnkd.in/g33eFw6Z

As health insurance and health care costs continue climbing, some employers are taking new and innovative steps to tamp down costs for themselves and their covered employees while not sacrificing the quality of care they receive. Some of the strategies require a proactive approach by engaging with their broker and insurer, and even local health care providers, efforts that may be hampered by location and how flexible insurers may be. The goal for these employers is to reduce their and their employees' costs and improve health outcomes. This item sets out some of the strategies that employers are pursuing. https://lnkd.in/g4Gkgn6M

As health insurance and health care costs continue climbing, some employers are taking new and innovative steps to tamp down costs for themselves and their covered employees while not sacrificing the quality of care they receive. Some of the strategies require a proactive approach by engaging with their broker and insurer, and even local health care providers, efforts that may be hampered by location and how flexible insurers may be. The goal for these employers is to reduce their and their employees' costs and improve health outcomes. This item sets out some of the strategies that employers are pursuing. https://lnkd.in/gM-wfyuF

As health insurance and health care costs continue climbing, some employers are taking new and innovative steps to tamp down costs for themselves and their covered employees while not sacrificing the quality of care they receive. Some of the strategies require a proactive approach by engaging with their broker and insurer, and even local health care providers, efforts that may be hampered by location and how flexible insurers may be. The goal for these employers is to reduce their and their employees' costs and improve health outcomes. This item sets out some of the strategies that employers are pursuing. https://lnkd.in/gJsTGa4g

🏥 Private #healthinsurance costs are rising sharply, with a 7.6% surge expected this year and double digits increases in 2025. Businesses are increasingly concerned about whether traditional health #insurance spending actually benefits employees. Contact me today to discuss how value-based care strategies and targeted networks can help lower your healthcare costs and improve employee outcomes. #HealthcareCosts

🌟 The Role of Preventive Care Programs in Reducing Health Insurance Expenditures for Businesses 🌟 Hey there, LinkedIn community! 👋 Today, I want to shed some light on an incredibly important topic that affects both employees and businesses alike: the role of preventive care programs in reducing health insurance expenditures. 💪 We all know that healthcare costs can be a burden, especially for businesses. But did you know that investing in preventive care can actually save you money in the long run? It's true! By focusing on prevention rather than just treatment, businesses can significantly reduce their health insurance expenditures. 💰 So, how does it work? Well, preventive care programs aim to identify and address health issues before they become major problems. By encouraging regular check-ups, screenings, and vaccinations, these programs help catch potential health issues early on, when they are easier and less expensive to treat. 🩺 Not only does preventive care lead to better health outcomes for employees, but it also helps businesses save money. By preventing or managing chronic conditions, such as diabetes or heart disease, businesses can avoid costly hospitalizations and treatments down the line. It's a win-win situation! 🙌 But here's the thing: preventive care programs are only effective if employees actually participate. That's why it's crucial for businesses to promote and incentivize these programs. Offer flexible scheduling, provide educational resources, and even consider offering rewards for participation. Let's make preventive care a priority! 🌟 By investing in preventive care programs, businesses can not only reduce their health insurance expenditures but also create a healthier and more productive workforce. It's an investment that pays off in more ways than one. 💼 So, let's start a conversation! Have you implemented a preventive care program in your business? What strategies have you found effective in encouraging employee participation? Share your thoughts and experiences in the comments below. I can't wait to hear from you! 💬 #PreventiveCare #HealthcareCosts #EmployeeWellness

🏥 Private #healthinsurance costs are rising sharply, with a 7.6% surge expected this year and double digits increases in 2025. Businesses are increasingly concerned about whether traditional health #insurance spending actually benefits employees. Contact me today to discuss how value-based care strategies and targeted networks can help lower your healthcare costs and improve employee outcomes. #HealthcareCosts