Five Steps You Can Take To Reduce Your (Ballooning) Healthcare Costs
What is “healthcare cost governance”? And why is it so important to large self-insured organizations?
Healthcare costs are escalating rapidly (growing at three times the rate of inflation), and have become the second largest people cost behind salary. They are also critical to attracting and retaining top talent for your organization. Unfortunately, most corporations do not have the detailed knowledge of healthcare and data analytics capabilities to keep costs in check.
This article will provide you with a better understanding of the dynamics of the healthcare environment – including the current lack of alignment between the organization and their third party administrator – and show you how you can start to drive greater accountability and eliminate expensive (very expensive!) errors from the process.
We believe this leading edge topic should be of great interest to both HR & Finance leaders as well as Benefits and Rewards Administraors. Please join us in debating the future of Healthcare cost management: Download the article now.