Tag: healthcare
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 […]
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 […]
Innovative Solutions For Your Benefits– Options Are Available
Innovative Solutions For Your Benefits– Options Are Available. A well-designed, comprehensive benefits program plays an important part in your company’s ability to attract and retain top talent. But when that program is broadly offered with no clear purpose or direction, you may end up missing what your people are looking for. SOLVING PROBLEMS THROUGH BENEFITSInstead of […]
What Employers Need to Know About an ICHRA
What employers need to know about an ICHRA. With healthcare costs increasing and retention and recruitment efforts becoming more challenging, many employers are left wondering what cost-saving strategies they can adopt, without transferring the burden to employees. While traditional plans continue to work for some businesses, others find these plans don’t meet their employee’s needs […]
The Importance of an Unbundled Health Plan
Buying internet, TV and phone services is usually a one-stop-shop, searching for one provider that offers bundled services. In these scenarios, the provider and the customer usually benefit. Providers will often offer discounts or bonuses to those who purchase more than one service together, such as extended programming for TV or premium internet service, increasing […]
NextGen Strategies- If It Was Easy Everyone Would Be Doing It
NextGen strategies has become a buzzword in benefits. There are a lot of advisors talking about these strategies and a lot of employers are eager to hear about them. Yet, while these strategies do bring lower costs and better, higher quality care to plan members, we aren’t seeing these strategies come to fruition a lot […]