Jacob Campbell’s Post

A looming recession has businesses across industries looking for ways to cut costs and boost their bottom line. In spite of the economic situation, analysts predict that investment in employee benefits will continue. For the most part, companies are expecting to minimize costs by buying smarter, as opposed to other options like shifting costs to employees. Learn more at the link.   #employeebenefits #benefitspackages

We help self-insured employers take their benefits to the next level while cutting costs. Employers get the most from their plans while helping their employees stay healthy. Self-funding can provide average savings of up to 20% per year. Call us today at 866-549-4199 for a quote, or visit www.ovation.health to learn more. #healthinsurance #healthinsuranceplans #grouphealth #grouphealthinsurance #selffundedhealthplans

Given the impact of inflation on healthcare, it is projected that there will be an approximate 8.5% increase in costs for the year 2024. As costs continue to escalate and the demands in the workplace grow, it is essential for employers to prioritize the health of their employees as part of their benefits strategy. Discover how ExecSelect™ can provide your company with a cost-efficient approach to managing your workforce. https://buff.ly/4cACsuG

Benefits leaders, did you know you have a powerful diversity, equity, and inclusion (DEI) resource in your back pocket? It’s your benefits plan. Check out this article to learn how your offerings can help your workforce access the right care at the right time. #employeebenefits #healthequity #digitalhealth https://ow.ly/8x6B30sEZQP

Benefits leaders, did you know you have a powerful diversity, equity, and inclusion (DEI) resource in your back pocket? It’s your benefits plan. Check out this article to learn how your offerings can help your workforce access the right care at the right time. #employeebenefits #healthequity #digitalhealth https://ow.ly/NtEh30sF0Zg

🤔 Fresh off reading Houlihan Lokey's Fall 2024 Employer-Sponsored Healthcare Market Update (linking full report in the comments), and I can't stop thinking about how the benefits landscape is shifting beneath our feet.   [Curious to hear your thoughts 👇]   Healthcare costs are set to rise 9% in 2025 - the highest rate in a decade.   Self-funding is no longer just for the Fortune 500 - even smaller employers are diving into self-funded and alternative solutions, demanding more control and transparency to strategically manage costs. With that, employers are leveraging claims data insights to manage future spend, and the data is clear: strong benefits engagement leads to significant cost savings.   Three key market shifts for digital health to watch: 1. 𝐕𝐢𝐫𝐭𝐮𝐚𝐥-𝐟𝐢𝐫𝐬𝐭 𝐬𝐨𝐥𝐮𝐭𝐢𝐨𝐧𝐬 𝐝𝐫𝐨𝐩𝐩𝐢𝐧𝐠 𝐟𝐫𝐨𝐦 𝟑𝟕% 𝐭𝐨 𝟐𝟔% 𝐛𝐲 𝟐𝟎𝟐𝟓. The data shows employees prefer a mix of in-person and digital care. Understanding these access preferences drives utilization. We're seeing a significant pivot from "digital everything" to "digital when it makes sense." 2. 𝐄𝐀𝐏𝐬 𝐚𝐫𝐞 𝐛𝐚𝐜𝐤! Once known for low-utilization, EAPs have reemerged as critical components of holistic employer-sponsored healthcare. With mental health needs at crisis levels, EAPs have evolved to be more comprehensive and flexible, embracing enhanced virtual options. Employers are able to adapt to the higher EAP PEPM that comes with increased utilization when solutions better measure effectiveness. 𝟑. 𝐄𝐦𝐩𝐥𝐨𝐲𝐞𝐫𝐬 𝐰𝐚𝐧𝐭 𝐏𝐄𝐏𝐌/𝐏𝐌𝐏𝐌 𝐦𝐨𝐝𝐞𝐥𝐬 𝐚𝐧𝐝 𝐑𝐎𝐈-𝐛𝐚𝐬𝐞𝐝 𝐩𝐫𝐢𝐜𝐢𝐧𝐠. Why? Predictability + proof. But here's the catch - ROI only materializes when utilization meets engagement thresholds. "Benefits solutions that help reduce cost remain in high demand," and it's on digital health solutions to prove their value using agnostic, third-party platforms (like Artemis 😉). 💭 Question for the room: How are you adapting your solution to meet these market demands?   #DigitalHealth #EmployerBenefits #Healthcare #FutureofWork #BenefitsStrategy #EmployeeWellness #DigitalTransformation #VirtualCare

Benefits leaders, did you know you have a powerful diversity, equity, and inclusion (DEI) resource in your back pocket? It’s your benefits plan. Check out this article to learn how your offerings can help your workforce access the right care at the right time. #employeebenefits #healthequity #digitalhealth https://ow.ly/IM9t30sF3GY

Health savings accounts (HSAs) and flexible spending accounts (FSAs) could potentially lead to higher spending for both employers and their employees, according to a new study by New York University (NYU) published on Sept. 20. read below to learn more.

We found that more than half of employees said that it's important to them that their employer strongly supports societal issues with statements, reporting and/or tangible actions. Uncover more insights in our #Health on Demand report. #HumanResources #DEI

We found that more than half of employees said that it's important to them that their employer strongly supports societal issues with statements, reporting and/or tangible actions. Uncover more insights in our #Health on Demand report. #HumanResources #DEI