Mercer, a global employee benefits firm just released their annual Health and Benefits Strategies for 2023 survey. As employers strategically plan for an impending recession among a mounting challenge to attract and retain the best workers, most say they will enhance their benefits offering in 2023 – because as you know, the war for talent is real.
The survey shows the top 3 enhancements include making health care more affordable by offering plans with low or no deductible, greater access to behavioral health through enhanced EAP’s, and expanding Virtual Care beyond urgent care to include Behavioral Health and Primary Care.
In order to compete for the best talent in these difficult economic times you’ll need to consider these strategies. But how can you do this without increasing the cost of your already unaffordable health plan? By viewing your health plan as a business challenge instead of an insurance problem. As your second or third largest business expense you need to apply the same business principles to your health plan as you do your other large business purchases – Supply Chain Management.
Shifting your approach to a Supply Chain Management strategy will allow you to add these three benefit enhancements AND lower your health plan costs at the same time. You can’t just buy an insurance policy to do that. I’ve spent the last 30 years in the business as a health insurance carrier executive and I’ve learned how to disintermediate the current Health Care Supply Chain that brings no value to your business. I’ll show you how you can eliminate the overspend in your health plan and create an ROI by improving plan benefits while reducing your plan operating costs. It’s an approach at least worth learning about. Invest in a 20-minute conversation with me to see if this strategy improves your budget and matches your business objectives. Call me at (815) 742-2066.