A recent report by Aon identified “managing healthcare costs” as the top priority for employers in 2024. It’s easy to see why, as costs are expected to increase by 6.5% this year. Leaders often find themselves in a difficult situation, trying to manage costs while also protecting a positive employee experience. In this article, Cindy Najera, SPHR, SHRM-SCP, HRIP shares 5 strategies for managing rising healthcare costs. https://lnkd.in/evGevHd8 #healthcarecosts #employeebenefits #Aon
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The Surge Of Healthcare Costs: Navigating The Call For Innovation Healthcare costs are increasing every year, and with predictions of a 5.4% to 8.9% rise this year alone, I believe that employee benefit leaders and enterprise executives must strategize and find innovative ways to reduce spending. Leveraging #technology For Workplace Health Cost Reduction #earlydetection https://lnkd.in/eK3wdzKY
Council Post: The Surge Of Healthcare Costs: Navigating The Call For Innovation
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Personalising the employee experience in using their healthcare benefits, using data : "Leveraging individual data, personalized navigation can help provide clear, easy-to-understand information about what programs employees have access to and how to access those services based on employer-sponsored benefits and their own unique health needs." https://lnkd.in/ghNbYfuR
Breaking through employee healthcare challenges with personalized health data
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Did you miss our webinar last week? We had a great chat with our clinical leaders to demystify the hype around employer health centers! ➡️ Understand how employer health centers empower care teams to change lives ➡️ Find out how this unique model creates a healthcare experience that employees rave about ➡️ Learn about the whole-health management approach to improve health outcomes ➡️ Get a deeper understanding of how employer-sponsored health centers lower healthcare costs for both employees and employers #hr #benefits #employeehealthcare
Webinar: A Look Inside Employer Health Centers
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Total Rewards Thought Leader | Crafting Bespoke TR Solutions | Multi Award-Winning Consultant & Educator | Board Advisor | EMEA & Asia | Let’s Shape Your TR strategy Together | compensationinsider.com
Personalising the employee experience in using their healthcare benefits, using data : "Leveraging individual data, personalized navigation can help provide clear, easy-to-understand information about what programs employees have access to and how to access those services based on employer-sponsored benefits and their own unique health needs." https://lnkd.in/ehfGnsqQ
Breaking through employee healthcare challenges with personalized health data
hrexecutive.com
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𝗘𝗺𝗽𝗹𝗼𝘆𝗲𝗿𝘀 𝗶𝗻 𝟮𝟬𝟮𝟰 𝗪𝗶𝗹𝗹 𝗦𝗲𝗲𝗸 𝗧𝗼 𝗔𝗱𝗱 𝗩𝗮𝗹𝘂𝗲, 𝗠𝗶𝗻𝗶𝗺𝗶𝘇𝗲 𝗖𝗼𝘀𝘁𝘀 𝗳𝗼𝗿 𝗛𝗲𝗮𝗹𝘁𝗵 𝗕𝗲𝗻𝗲𝗳𝗶𝘁𝘀. Employers face the challenge of absorbing increased healthcare expenses. A report by Hartford Business Journal reveals that : 𝗛𝗲𝗮𝗹𝘁𝗵𝗰𝗮𝗿𝗲 𝗖𝗼𝘀𝘁𝘀: Employers face a 5.4% average cost increase for health benefits in 2023, anticipating continued growth in 2024. 𝗘𝗻𝗵𝗮𝗻𝗰𝗲𝗺𝗲𝗻𝘁𝘀 𝘄𝗶𝘁𝗵𝗼𝘂𝘁 𝗖𝗼𝘀𝘁-𝗦𝗵𝗶𝗳𝘁𝗶𝗻𝗴: 64% of employers plan to enhance health benefits, but only 3% intend to shift costs to employees, emphasizing a focus on value addition. 𝗘𝗳𝗳𝗲𝗰𝘁𝗶𝘃𝗲 𝗛𝗲𝗮𝗹𝘁𝗵𝗰𝗮𝗿𝗲 𝗖𝗼𝘀𝘁 𝗠𝗮𝗻𝗮𝗴𝗲𝗺𝗲𝗻𝘁: Implementing these strategies allows employers to manage costs without burdening employees significantly. 𝗞𝗲𝘆 𝗔𝗰𝘁𝗶𝗼𝗻𝘀 𝗳𝗼𝗿 𝗘𝗺𝗽𝗹𝗼𝘆𝗲𝗿𝘀: ✅𝗧𝗮𝗿𝗴𝗲𝘁𝗲𝗱 𝗛𝗲𝗮𝗹𝘁𝗵 𝗣𝗿𝗼𝗴𝗿𝗮𝗺𝘀 ✅𝗦𝗽𝗲𝗰𝗶𝗮𝗹𝘁𝘆 𝗣𝗿𝗲𝘀𝗰𝗿𝗶𝗽𝘁𝗶𝗼𝗻 𝗖𝗼𝘀𝘁 𝗠𝗮𝗻𝗮𝗴𝗲𝗺𝗲𝗻𝘁 ✅𝗘𝘅𝗽𝗮𝗻𝗱 𝗩𝗶𝗿𝘁𝘂𝗮𝗹 𝗖𝗮𝗿𝗲 ✅𝗤𝘂𝗮𝗹𝗶𝘁𝘆 𝗖𝗮𝗿𝗲 𝗡𝗮𝘃𝗶𝗴𝗮𝘁𝗶𝗼𝗻 & 𝗮𝗻𝗱 𝗺𝗼𝗿𝗲! Read the full article: https://smpl.is/8jjp2 #HealthcareCosts #EmployeeWellBeing #HRStrategies
Employers in 2024 Will Seek To Add Value, Minimize Costs for Health Benefits » CBIA
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Executive Global Sales Leader ► Sales Strategy | Revenue Generation | Sales Development | Performance Analytics | B2B SaaS | GTM | Cross-Functional Team Leadership
Embracing a New Year of Excellence: A Call to Action for IDNs on Professional Management and Employee Health As we step into another promising year, it's pivotal for Integrated Delivery Networks (IDNs) to realign their focus towards two critical areas: professional management and employee health. The past years have taught us the undeniable value of healthcare resilience and the role of robust management in fostering it. Professional Management: The Keystone of Healthcare Excellence The essence of professional management in healthcare cannot be overstated. In 2024, IDNs must strive for a management approach that is not only efficient but also empathetic. This involves: 1. Strategic Decision-Making: Leveraging data-driven insights for better resource allocation and patient care. 2. Leadership Development and Empowerment: Investing in training programs to nurture future healthcare leaders within the organization. 3. Operational Excellence: Streamlining processes utilizing technological advancements to improve care delivery while reducing burnout among healthcare professionals. Employee Health: A Non-Negotiable Priority Our healthcare workers are our most valuable asset, and their well-being is directly proportional to patient care quality. This year, let's commit to: 1. Mental Health Support: Implementing regular wellness check-ins and providing access to mental health resources. 2. Streamline Tracking and Monitoring: Using technology to reduce administrative burdens and allow all workers to be compliant, healthy and safe to work. 3. Safe Work Environment: Continuously enhancing safety protocols to protect employees from health risks. The Road Ahead The journey towards excellence in healthcare is ongoing. By focusing on refined professional management and prioritizing employee health, IDNs can not only improve healthcare outcomes but also set a precedent for the healthcare industry at large. Let's make 2024 a year of intentional progress and unwavering commitment to excellence. #HealthcareManagement #EmployeeWellness #HealthcareLeadership #NewYearGoals #IntegratedDeliveryNetworks #Propelus #Evercheck #Immuware #Healthcarecompliance #thoughtleadership #APIfirst #intentionalleadership
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Regional Sales VP at Securian Financial | Agile Sales Leader | Strategic Partnerships | Business & Territory Revitalization
Valuable considerations regarding the importance of leveraging personalization to boost employee understanding and utilization of healthcare benefits. https://ow.ly/fBJw30sBT7u
Breaking through employee healthcare challenges with personalized health data
hrexecutive.com
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Regional VP of Sales, Benecon Group, Inc. | Self Funding Expert focused on Trusted Partnerships through Health Insurance | Employee Benefits Leader
Healthy employees bring so much more to the table than more productivity. With a healthy workplace, attitudes are kept energized and positive, helping cultivate a healthy workplace culture and collaboration. By understanding the true medical needs of your workforce you can adapt your healthcare benefits according to employee needs. Offering the correct health benefits can help employees feel more supported during their medical trials. They can feel understood and taken care of creating loyalty among employees. At Benecon, through the analytical power of #VERIS we can help you identify what your true healthcare benefit needs are. Let us help you offer your employees the benefits they need and deserve. #HealthcareBenefits #EmployeeBenefits #SelfFundedInsurance #HealthData
Breaking through employee healthcare challenges with personalized health data
hrexecutive.com
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As a health benefits leader, you know you're going to be walking a tightrope in 2024. On one side—you're expected to manage a forecasted steep rise in health care costs. On the other—you need to give your people access to a benefits program that impacts their health. So what's the plan? According to Mercer's Health & Benefit Strategies 2024 Survey Report, 64% of employers surveyed say they plan to enhance their health and well-being offerings. But what "enhanced" health and well-being offerings look like is yet to be seen. Our research suggests that too many health solutions can lead to more trouble than they're worth, and efforts are better spent finding ONE solution that uses a whole-person approach proven to drive health change. Learn about how employers can mitigate rising costs here 👇 #BenefitsLeaders #HealthCare #CostSavings #Wellbeing
How can employers mitigate rising health care utilization costs?
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Health care costs, and consequently employee health benefits costs, have been increasing at an alarming rate for nearly a decade. Avoiding rising healthcare costs is nearly impossible, but you can learn about why they continue to rise and what you can do to manage costs for your organization and your employees. To assist you, this article explains factors leading to continued rate hikes, the latest healthcare cost figures, and strategies that businesses around the United States are implementing to help manage costs. https://lnkd.in/gv3eeaPq #employeebenefitsnews #healthbenefits #heretohelp #ESOPCG
| Christensen Group
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