Innovative Solutions Combat Rising Healthcare Costs
Around the nation, employers of all sizes are feeling the pressure to provide their employees with outstanding healthcare options. Healthcare costs have been skyrocketing in recent years for American workers and for the companies providing them with insurance. These costs have resulted in financial strain for families and businesses alike, and have lead some of the world’s top CEOs to seek innovative solutions to a ubiquitous problem.
For example, earlier this year, titans of industry Warren Buffett, Jeff Bezos, and Jamie Dimon announced that they would join forces to create a brand-new kind of insurance company. Unlike many of America’s health insurers, the newly created company would be free from profit-making incentives. “We enter into this challenge open-eyed about the degree of difficulty,” said Bezos, founder of Amazon. “Hard as it might be, reducing healthcare’s burden on the economy while improving outcomes for employees and their families would be worth the effort.”
At Activate Healthcare, we agree. Repeatedly, statistics are proving that employees with greater and easier access to primary care are more invested in their wellbeing, and find themselves experiencing better overall health. In fact, up to 90% of workers enrolled in Activate Healthcare are participating, leading to millions of dollars in healthcare savings. Even the spouses of enrolled workers are enjoying improved access and greater participation in healthcare thanks to Activate!
In addition to increasing access, Activate Healthcare creates action plans tailored to each patient. Understanding patients’ unique needs dramatically increases opportunities to improve their health and quality of life, while also reducing costs.
Onsite or near-site health clinics are gaining traction across the nation, and were even mentioned by Becker’s Hospital Review as one of the employee benefits trends to cut healthcare costs in 2018. Thanks to an impressive $1.50 return on every dollar invested in an onsite clinic, you don’t have to be Jeff Bezos to provide your employees with excellent access to primary care.
One way Activate Healthcare helps smaller companies is by providing near-site clinics that can be shared among several organizations. By sharing in the initial investment, the burden is reduced for all parties, and the near-site clinics are placed in a central location for everyone’s convenience. Clinics are then staffed as appropriate for the number of patients that will be served, to ensure that every patient is seen in a timely manner and has sufficient time with their primary care physician. In other cases, large organizations may benefit from having multiple clinics and access to all Activate Healthcare clinics within a community.
Regardless of the size of the company, enrolled workers are experiencing improved health and wellness at unprecedented levels, while the employer sees reduced healthcare costs. In fact, corporate healthcare expenses may be reduced by as much as 25%, with a projected savings of $320 per enrolled member. Improved worker wellness also leads to decreased absenteeism, increased productivity and greater employee satisfaction. Learn more about the results of a partnership with Activate Healthcare now!