Tag: benefits
HR Burnout – How Benefit Program Portals Can Help
How Benefit Program portals help. Implementing and managing an organization’s employee benefits program can put a significant amount of pressure on HR professionals who can be flooded with employee benefits program questions and concerns, taking them away from strategic priorities such as employee retention, recruitment, engagement and productivity efforts.The past several years have been particularly […]
Shortages in the Healthcare Industry and Your Benefits Program
Shortages in Healthcare and Benefits Programs. If you run out of batteries, you can order them online and they will show up within a day or two. If you need to pay your bills, you can do so instantly. Current society is used to getting what they want when they want it. Unfortunately, this culture […]
Reference-Based Pricing Programs – The Good and The Ugly
Reference-Based Pricing plans can be a great way for employees to really choose what’s best for them without overspending. And because the high cost of healthcare impacts both employees and employers, developing a cost-effective and engaging benefits program is essential.A traditional program provides a network of hospitals, clinics and healthcare providers contracted with your insurance […]
The “Easy Button” Isn’t Always the Right Choice.
The “easy button” isn’t always the right choice. Providing a high-quality, cost-effective benefits program is not always easy. Economic shifts, market trends, rules and regulations and changes in workforce demographics can contribute to a changing benefits program. Staying on top of factors that influence your benefits requires research and strategy design, and while offering the […]
Is Transparency Coming to Healthcare?
Is transparency coming to healthcare? Employee benefits are a clear asset to any company. But when employees find their benefits hard to understand or become worried about the cost of healthcare, the investment could lose value. Not only because of the cost involved but because benefits can significantly influence recruitment, retention and overall employee satisfaction. Employees […]
Two Essential Ingredients for a Successful Benefits Program
Essential ingredients for a successful benefits program. Your benefits plan could be lacking two essential ingredients: performance tracking and strategy design. While a benefits program can exist with either strategy or performance tracking, those who rely on just one may eventually find themselves lost at sea. Similar to a ship without a captain. The ship […]
Comprehensive Benefits – When to Ask For A Second Opinion
Comprehensive benefits – when to ask for a second opinion. When your car breaks down, you usually take it to a mechanic who will run diagnostics and give you an estimate of the cost. If that estimate looks too high for the service or the diagnostic doesn’t fit the complaint, you might seek another opinion. […]
Gain Valuable Insight into New and Exciting Strategies
Gain valuable insight into new and exciting strategies. Making changes to any business program or protocol can feel intimidating. But whether the company decides to add an online process, modify the way payroll is received or change aspects of the benefits program, change is an inevitable part of business.The problem is; change is often thought […]
Why You Need An Employee Benefits Mission Statement
Why you need an employee benefits mission statement. From new and updated regulations to changes in company demographics, keeping your healthcare program running smoothly year after year can be challenging. With a mission-driven benefit program, you can avoid losing track of your program goals and consistently deliver a benefits program that is efficient, organized and […]
The Hidden Revenue Streams Controlling Your Pharmacy Cost
The hidden revenue streams controlling your pharmacy cost. Increasing healthcare costs and lack of transparency within pharmacy spend have many employers searching for answers when it comes to how much power pharmacy benefit managers have and what they can do about it.Pharmacy benefit managers (PBMs) are companies that manage prescription drug programs on behalf of […]