Greater Philadelphia Business Coalition on Health’s Post

Incorporating value-based primary care models into your portfolio isn't just about expanding your offerings; it's about solidifying your role as a trusted advisor and helping your clients build innovative benefits packages that reflect their businesses. #BenefitsPackage #EmployeeBenefits #ValueBasedCare #HealthcareCosts

With health plan costs expected to grow between 6.8% and 7.3% this year, it's no surprise that employers are becoming increasingly concerned about providing affordable healthcare coverage. Amanda F. shares 4 crucial tips for communicating these rising costs to employees, fostering a culture of trust and transparency. #HealthcareCost #EmployeeBenefits #MillerCares https://bit.ly/3MFBOki

A recent Mercer survey of nearly 700 organizations reveals that employers plan to maintain their current health benefits through 2025, even as per-employee costs rose about 5.2% in 2023 and 2024. Employers are also expanding support for specialized coverage, including reproductive health and weight-loss medications. Interestingly, companies are divided on how to manage these rising costs: 45% might shift costs to employees, while 47% are considering alternative strategies like high-performance networks and enhanced clinical case management. How is your organization navigating these changes? #healthcare #benefits #weightloss #glp-1 #reproductivehealth

Despite increasing healthcare costs, #employers are committed to enhancing their #benefits offerings. Many employers plan to double down on #healthcare benefits, with a growing focus on specialized coverage such as reproductive health and weight-loss medications. The debate on managing rising costs continues, with some employers considering shifting expenses to workers, while others are exploring alternative strategies like high-performance networks and enhanced clinical case management. At LaaSy Health, we’re dedicated to helping employers navigate these complexities. Our innovative services aim to provide transparency and cost-efficiency, ensuring your benefits package meets the evolving needs of your workforce while managing expenses effectively. https://lnkd.in/e95pw2Cu

If you are a business owner struggling with the cost of healthcare for your employees- we should discuss LaaSy Health as an option instead of insurance. This really works and worth your time to investigate ! Reach out and let's discuss how it works and how much it could save your company - and maybe an uninsured employees life.

California is trying to cap the increases in healthcare costs by setting annual targets for price increases to hospitals, providers and all vendors associated with the industry. Can they slow the growth of healthcare? Time will tell. Meanwhile, if you are an employer and have a benefit plan, NOW is the time to strategize on how you can approach your annual plan renewal, benchmark offerings with other employers, and maximize your spend. Call #CorpStrat if you have a benefit plan and need some strategy. #HealthInsurance #EmployeeBenefits #employeeCommunication #Retention https://lnkd.in/gU-xuZWR

As healthcare costs are projected to rise by nearly 8% in 2025, employers are facing mounting financial pressure to control their spending. According to a recent survey by the Business Group on Health, the top priorities for employers are clear: managing overall healthcare costs, ensuring affordability for both employees and the company, and addressing rising pharmacy expenses. We understand how vital it is for employers to balance cost control with providing competitive benefits. That’s why it's crucial for administrators and brokers to collaborate on strategies that effectively manage healthcare spending, particularly as employers navigate major issues such as GLP-1 utilization management, mental health support, or pharmaceutical cost control. Our goal is to empower brokers and employers with the right tools and insights to mitigate rising costs without compromising on the quality of care. Let’s work together to find innovative solutions that make healthcare sustainable. #EmployeeBenefits #HealthcareCosts #EmployerSolutions #BenefitsAdministration #CostControl #HealthcareStrategy #PharmacyBenefits https://lnkd.in/deuGSWpS

Heather Landi of Fierce Healthcare spoke with Vanderbilt Health Affiliated Network's (VHAN) SVP and Chief Strategy Officer, Brent McDonald, on Quantum Health’s collaboration with VHAN: "What interested us about Quantum Health is that they are also very focused on how helping to manage the spend in healthcare, but we come about it from two very different ways, two ways that are quite complementary. While VHAN as a network of health systems, physician practices and care providers focus on the delivery of care and the management of the full continuum of care, Quantum Health works upstream to focus on the navigation to high-performance networks and they work on the appropriateness of making sure that an individual gets to the right side of care.” Read the full article to learn more. #ViVE2024 | CHIME 

Heading into 2025, employers are navigating the challenge of balancing faster cost growth with maintaining affordable healthcare for their employees and providing competitive benefits. A recent survey reveals that strategies focusing on steering employees towards quality, cost-efficient healthcare providers are gaining momentum among employer health plan sponsors. According to the survey, over a third of large employers (36%) have already implemented high-performance network plans or other alternative medical plans to save costs and enhance coverage for their members. Additionally, 29% of employers are currently contemplating adopting these innovative approaches in the near future. These findings underscore the increasing importance of exploring new avenues to contain healthcare expenses while ensuring high-quality care for employees. #Healthcare #Employers #Benefits #CostEfficiency #QualityCare #EmployeeWellness

A December 2023 article from Hylant identifies these 4 things as the primary culprits behind #healthcare cost increases: Mental health challenges, pharmacy costs, cancer treatments, and overall healthcare delivery... Here's how Next Level #PRIME currently impacts these areas: 🔸 All PRIME members have unlimited access to a licensed, personalized emotional wellness coach 7-days a week. 🔸 Through the mobile app, PRIME members have access to our "prescription cost savings tool" to help save on medications. 🔸 Since members have unlimited access to primary care, chronic care, urgent care, and even health coaching services, the need for specialty referrals is significantly decreased. 🔸 PRIME is an #AdvancedPrimaryCare model, which centers on a holistic team approach of clinicians, coaches, and care navigators, including easy access to virtual care. 🔗 Read the article from Hylant: https://bit.ly/3xdKn1q 🔗 Explore Next Level PRIME: https://bit.ly/40vTGmw