When developing a benefits plan, it’s common to choose between competing goals. How can you make your staff happy while saving money? Everyone benefits from integrated health coverage. As a result, it’s no surprise that most employers favor this method. Consider the following five benefits.
It’s Better for Your Workers
In every aspect, integrated benefits help to improve the patient encounter. Your employees will enjoy the ease and transparency that comes with having all of their perks provided by a single insurer. They’ll also reap the benefits of enhanced cooperation and information sharing that come with integrated benefits. Integrated benefits facilitate coordinated care and clinical teamwork by allowing practitioners to view the whole picture, resulting in earlier diagnosis and more successful treatment. Because they trust their doctor knows the complete picture of what’s going on with their health, your employees will have more faith in treatment suggestions.
Access To Data That Is Shared
Integrated plans like HealthPartners provide your staff access to electronic medical, dental, and pharmacy records, which is a huge benefit. Providers may use this shared data to detect health needs early on. Specific dental abnormalities, for example, might be warning signs of more severe health concerns, such as diabetes. Without access to dental data, medical practitioners may easily ignore those warning signs, ending in a late diagnosis. Providers from other domains can interact more efficiently if they have real-time access to this shared data. This can lead to improved results and more efficient management of your workers’ health requirements.
Cost-Efficient
Regarding employer-provided group health insurance, pricing is the most important consideration for most businesses. Integrated health insurance might save your company a lot of money in the long run. According to one research, participants who combined their HealthPartners pharmacy and medical coverage saved an average of 3.8 percent compared to those who kept their pharmacy and medical benefits separate. Integrating benefits saves more than $1 million per year for employee groups with roughly 9,000 members. And when dental coverage is included, the savings are double. With more critical health care demands, savings can skyrocket, reaching far into the hundreds of dollars for workers with chronic diseases. These figures may quickly mount up, mainly because one out of every four persons has at least one chronic disease as per the Centers for Disease Control and Prevention.
More Straightforward and Practical
Employers and workers alike gain from integrating health benefits like healthcare mergers and acquisitions. Employers benefit from working with a single insurer because it facilitates open enrolment for workers. Benefits administration and accounting will take less time and effort in the future. You’ll save time by not setting up different carriers, and reporting will be easier. Similarly, your staff would appreciate not managing various logins for different sites or applications. Instead, they’ll be able to access all of their insurance information in one location.
More Suitable for The Workplace
Employees may get and remain healthy with integrated benefits from companies like HealthPartners. They increase employee participation in health-related efforts. They also give employees the skills and resources they need to take responsibility for their health and well-being. It’s advantageous for a company to have a healthier staff. Healthier employees are more productive and miss fewer days of work. It’s a win scenario for all parties involved.
Your company’s health is intertwined with that of your workers. Integrating medical, dental, and pharmaceutical coverage and offering an integrated employee support program is an intelligent strategy to enhance health outcomes, promote employee engagement, and keep costs under control. In various places, HealthPartners offers a variety of integrated health plan alternatives for businesses of multiple sizes like healthcare merges and acquisitions.
You may be interested in: How to Structure a Marketing Plan