Employers want to reduce their healthcare costs

healthcare costs

A new report from First Stop Health based in Chicago, US, which offers virtual care to employees through their employers, reveals that employers plan to improve how they manage their healthcare costs in 2020

The 2019 Health Benefits Cost Containment Report, in partnership with SourceMedia Research/Employee Benefit New and Adviser, surveyed human resources professionals who work in mid- to large-sized organisations about the benefits they offer and how they are containing healthcare costs.

The key finding of the surveys revealed that although employers continue to offer competitive benefits to their employees – including mental health coverage, flexible spending accounts, telemedicine and employee assistance programmes – 45 per cent of employers surveyed said containing benefits spending was their top priority. However, employers have also asserted that they struggle to measure the return on investment of their existing benefits, making it difficult to determine which benefits are working for their organisation.

“Since our inception, First Stop Health has been focused on two things: delivering the best possible healthcare experiences for our patients, and helping them and their employers contain costs,” said David Guttman, President of First Stop Health. “But as we looked for research on containing healthcare costs, we were surprised how little was available. We hope that both employers, and the benefits consultants who serve them, will find real value in the information we have collected.”

See the full results of the report here.