A Way To Reduce Healthcare Costs Barriers We Face To Providing The Best Possible Employee Healthcare There are three main factors working against us Skyrocketing Costs Employer cost to provide health benefits is expected to increase another 5 in 2019 Driven by uncertainty with ACA and speci ID: 803129
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Slide1
On- And Near-Site Clinics:
A Way To Reduce Healthcare Costs
Slide2Barriers We Face To Providing The Best Possible Employee Healthcare
There are three main factors working against us:
Skyrocketing Costs
Employer cost to provide health benefits is expected to increase another 5% in 2019. Driven by uncertainty with ACA and specialty drug costs. (National Business Group on Health).
Aging Population
The American workforce gets older every year. At the same time, chronic diseases like obesity, heart disease, and cancer are on the rise.
Sick Care System
The healthcare industry focuses on treating those who are already sick, rather than helping people avoid sickness in the first place.
Slide3Costs Are On The Rise
All organizations are facing tough decisions because their costs are rising
Industry Trends
In 2018, Mercer reports that average total health benefit cost per employee rose 3.6% and continues to outpace inflation. Employers with more than 1,000 employees experienced 4.3% healthcare cost inflation.
Strategy with the most momentum? Creating a culture of health. Foregoing the short-term savings offered by cost-shifting and turning to strategies addressing care delivery and health management. Prescription drugs remained the top cost driver for employers, rising 7% overall and 12% for specialty drugs.Our NumbersIn 2018, we experienced <insert your % here> healthcare cost inflation.
Source:
https://www.mercer.com/newsroom/mercer-national-survey-affordability-concerns-lead-more-employers-to-future-focused-strategies-to-manage-health-benefit-cost.html
Slide4Why An On- Or Near-Site Clinic Is A Smart Choice For Us
And Our Workforce
For our organization
For our workforce
Overall
Drives down overall claims, sustainably.
A top vendor offers a 100% guarantee on meaningful ROI which minimizes our risk.
Improves health and well-being.
Productivity
Improves employee work attendance, productivity, recruitment, and retention. Reduce stress and time needed to go to doctor’s office.
Consistent care close to workplace offers access to medical care without taking sick days.
Program Management
Reduces complexity of our overall benefits program.
80-90% of all medical needs can be addressed in a clinic.
The right model with the right partner empowers individuals to take control of their health.
Access To Care
Centralizes care within on-site clinic while coordinating care when needs extend outside the clinic.
Improves satisfaction with us as an employer.
Engagement
80-90% engagement is possible with the right partner and has the power to drive well-being deep into the org and change our culture.
Employees are happier and healthier, take power over their health outcomes.
Slide5Real Results Are Possible With The Right Partner
The problem:
Seattle Children’s faced 7-10% PMPM rising medical claims and $3-4 million loss every year with no way to control trend.
The solution:
Hired Vera Whole Health to develop and operate a near-site primary and occupational health clinic with health coaching. Encouraged preventive care through integrated team approach.The outcome: Net savings of over $5 million and 166% ROI in first three years (clinic currently in 6th year of operation). 50% of high risk employees engaged in first 12 months. Vera-engaged patients experienced 80% less inpatient days.
Slide6A Patient-Centered Medical Home Model Addresses 80-90% Of Our Needs And Reduces Complexity
Before
After
Slide7How It Works
Full-time, on-site providers
Maximizes the number of patients that can be seen, reducing traditional insurance claims. By getting to know patients over time, providers can provide a higher quality of care.
Broad scope of services
A full-investment clinic contains costs by offering primary care, preventive care, urgent care, occupational health, and generic drug dispensary under one roof.
Proactive engagement programs to maximize participation
Monetary incentives, employee-led clinic feedback forums, and clear communication maximizes engagement, again reducing reliance on traditional insurance.
On-site health coaches
Full-time health coaches partner with patients to change behaviors and support goals for better health.
Slide8Typical Savings With An On- Or Near-Site Medical Home Model
Based on National Business Group on Health (NBGH) PEPY medical claim estimates and savings estimates provided by Vera Whole Health show that companies like ours have saved an average of 12.5%, reversing claim inflation.
Provides average savings of
$X
after 3 years. (Use value from worksheet calculation).The Vera Whole Health model guarantees fees 100%.
Slide9Key Takeaways From On-Site Clinic Consultation
In my meeting with an on-site clinic expert, I had these key takeaways for our organization:
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<insert descriptive text>
<insert takeaway 2><insert descriptive text><insert takeaway 3><insert descriptive text><insert takeaway 4><insert descriptive text>
Slide10Next Steps
Let’s continue to evaluate if an on-site clinic is right for us. In the coming weeks we should:
Request a business case and cost savings analysis from
vendor w/proven xyz model and xyz.
Have initial conversations with a few on-site clinic vendors or a broker with experience in implementing full service on- or near-site clinics (not urgent care approach).Build a plan for internal consensus.
Slide11Resources
On- Or Near-Site Clinic Resources
eBook:
The Definitive Guide To Evaluating On-Site Clinics
National Association Of Worksite Health CentersMercer Health Plan SurveyeBook: The Definitive Guide To Evaluating On-Site ClinicsWhite Paper: Benefit Strategy Design: Solving An Impossible Task
Slide12Contact Vera Whole Health Today
Verawholehealth.com