It is indeed the time of year when many people are issuing studies on employer behavior in regard to health benefits. One such study is the bSwift benchmarking analysis of wellness programs and benefit administration approaches. (bSwift Study) Companies with at least 50 employees were surveyed and 380 participated, divided into large employers of over 500 people and those below that level. Almost all companies have some type of wellness effort, with the major reason being anticipated health cost savings, but only about half of employers have an employee participation rate above 50%. The components of wellness programs haven’t changed much in recent years, but there is continued growth in biometric testing. Motivating engagement is increasingly done with incentives, with the most common being premium adjustments and the average value of incentives is growing. Many incentives are for specific activities like completing an HRA or doing a specific program like stopping smoking. Employers have been more reluctant to date to penalize/incent achievement of specific biometric levels, such as blood pressure or cholesterol level. While there has not been a mass movement to defined contribution, more employers are at least considering it. In terms of administration of health benefits, a surprisingly high number have still not automated key processes, such as enrollment, life changes or use of electronic premium bills. These figures suggest that there is an opportunity for companies to also lower their administrative costs and increase the accuracy of these processes.
✅ Subscribe via Email
About this Blog
The Healthy Skeptic is a website about the health care system, and is written by Kevin Roche, who has many years of experience working in the health industry. Mr. Roche is available to assist health care companies through consulting arrangements through Roche Consulting, LLC and may be reached at [email protected].
Healthy Skeptic Podcast
This is an outstanding report on total global drug spending and trends, with projections out to 2025. It helps you understand this important area of health care, which does much...
June 1, 2021
MedPAC 2019 Report to Congress
June 18, 2019
It may be investors that need the redesign. They just keep pouring money into this digital health crap despite all the losses. Redesign Health claims that it makes money by...
September 16, 2022
In truth, this seems like more money down a rathole. Google’s parent and other investors are putting a billion dollars into Google’s health arm, Verily. Apparently want to compete with...
September 12, 2022
It is like investors have learned nothing from the past two years. Even supposedly smart investors like Morgan Health, which is making a $20 million contribution to LetsGetChecked, which supposedly...
September 12, 2022
Access ACO Care Management Chronic Disease Comparative Effectiveness Consumer Directed Health Consumers Devices Disease Management Drugs EHRs Elder Care End-of-Life Care FDA Financings Genomics Government Health Care Costs Health Care Quality Health Care Reform Health Insurance Health Insurance Exchange HIT HomeCare Hospital Hospital Readmissions Legislation M&A Malpractice Meaningful Use Medicaid Medical Care Medicare Medicare Advantage Mobile Pay For Performance Pharmaceutical Physicians Providers Regulation Repealing Reform Telehealth Telemedicine Wellness and Prevention Workplace