How can your business save on health insurance expenses? Find out in our Expense to Profit posts below all about Health Insurance expense reduction.

Typical Healthcare Plans are Changing

For the past 18 months the global pandemic has been the dominant storyline for headlines across the world. Because of this many are rethinking how we approach healthcare as a society. It is not so difficult to make the deductions from this emerging trend. The global pandemic raised the expenditure for drugs in the US to $358.7 billion, surpassing every other country’s expenses. Because of this typical healthcare plans will change.

Typical Healthcare Plans are Changing2021-06-07T10:24:20-04:00

How does your Health Plan control Drug Costs?

One of the major concerns we are trying to tackle is rising drug prices. Again we are seeing during the global pandemic healthcare takes center stage. As a result, while these hikes in drug costs are relatively unexpected, one can easily predict that healthcare is not cheap.

How does your Health Plan control Drug Costs?2021-05-26T12:41:24-04:00

Employers Abandon One Size Fits All Benefits Program

The global landscape for businesses is constantly changing. The pandemic halted how businesses usually operate and has ushered in emerging trends to foster more productivity such as flexible benefits plans.

Employers Abandon One Size Fits All Benefits Program2021-03-12T16:27:25-05:00

Employer Healthcare Costs Are Driven by These Common Conditions

Health is wealth. A statement of fact that never gets old. One of the best gifts you can ever gift yourself is sound health. But this typically comes with a price tag on it—and certain common conditions typically drive up healthcare costs.

Employer Healthcare Costs Are Driven by These Common Conditions2021-03-12T16:27:42-05:00

The Great Waste In America’s Health Care

In light of the global pandemic, one thing we all can agree on is that health is paramount. We were told to remain indoors, wear face masks, and maintain social distancing to curtail the spread of the virus. As we transition towards a world free from the deadly virus, health comes to the forefront.

The Great Waste In America’s Health Care2021-03-12T16:28:33-05:00

Employees Want More Employer-Paid Benefits

The progress of any business is directly tied to the productivity of the workforce. Happy employees give the best results, are more productive, and loyal to the business. With the pandemic came the need for greater financial security. Thus, employees are looking for improved benefits as they return to work.

Employees Want More Employer-Paid Benefits2021-03-12T16:29:35-05:00

Self-Insured Employers and Pharmacy Benefits

The COVID-19 pandemic has affected all sectors of the economy, including the pharmaceuticals. The majority of self-insured employers are not planning to make any changes in their pharmacy plans, even with the pandemic. A recent survey has found that 90% of self-insured employers are not considering reviewing their pharmacy plans. This percentage jumps to 100% for companies that have more than 1000 employees. Why is this? This article will look at what self-insured employers and self-insured companies are, how PBMs work, and more.

Self-Insured Employers and Pharmacy Benefits2021-03-12T16:37:42-05:00

Price Transparency in Healthcare Costs

You know that healthcare cost transparency is very low when patients are not aware of how they receive costs until they get their final bill. This type of situation is very rampant not only in the United States but across the world. This is why the lack of price transparency is one of the biggest causes of many negative patient experiences.

Price Transparency in Healthcare Costs2021-03-12T16:37:59-05:00

What Your Employee Benefit Plan Should Cost

What Should Your Employee Benefit Plan Cost? It can be expensive to ensure that you attract the best employees, but you need talented employees for a successful company. It is estimated that it costs $15,500 for health benefits per employee. This may affect your bottom line. Health benefit costs are rising much faster than wages. How can employers ensure benefits for employees while still keeping costs down? There isn’t a singular answer to this question.

What Your Employee Benefit Plan Should Cost2021-01-22T15:26:07-05:00

Benefits of A Proactive Health Management Plan for Both Employers and Employees

What is a Proactive Health Management Plan (or PHMP for short)? Our health should be our number one priority; this is especially true if we’re working to support ourselves and our families. During our hectic lives, falling ill without a backup plan can devastate our bank accounts with countless medical costs and fees. This is where the design of health insurances and packages come in. There are many health insurance and health packages out there for employers to use. In this article, we will cover the PHMP: What it is all about and what are the benefits that it can offer for both employers and employees.

Benefits of A Proactive Health Management Plan for Both Employers and Employees
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