Incorporate Health and Performance Measures in Your Multi-Year Strategic Plan

Health and performance measures are a critical component to effectively managing long-term cost for your employee benefits program. Self-funded programs have become commonplace, but too often employers implement this approach without a clear plan to create surpluses. Successful plans incorporate:

Consumer education: Design your plan to discourage ER and hospital usage, and teach employees how to reduce their out-of-pocket costs.

Provide Telemedicine Solutions: Roughly 72% of doctor visits and 60% of ER visits can be resolved by speaking to a physician by phone or video chat.

Know Your Numbers: Effective wellness programs must include biometrics. Employees often avoid physicians, but biometric screenings can motivate improved health.

Understand Plan Data: Self-funded plans provide transparency. Use that data to drive sustainable renewals based on solid analysis, instead of negotiations.

An effective health and performance plan creates the best opportunity to optimize your self-funded experience.

Jim Sampson, REBC, RHU, ChFC, CLU
HUB International Insurance Services
1001 E. Harmony Road, Ste. A-137
Fort Collins, CO 80525
Jim.Sampson@HUBInternational.com
(970) 420-1352

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