In this infographic, we illustrate how skyrocketing healthcare and health insurance costs are stealing profits from companies and undermining wage increases. Working with a Next Generation benefits advisor can help you reject the status quo, making your benefits plan a valuable business tool.
In this document, we provide you with a summary of steps in the healthcare supply chain where your advisor can help you reduce costs. By being informed, you’ll make the best decisions for your employees and your bottom line.
Managing the ‘supply chain’ is a standard practice in virtually every industry because of the significant strategic and revenue opportunities that come along with better solutions and enhanced efficiency. Healthcare benefits, however, are still behind. Just as an office manager would be apprehensive trusting an intern to select and purchase a new computer on their own, business owners alike should not automatically trust their employees to make the most cost-efficient choices when it comes to their healthcare on their own.
The Difference Between a “Status Quo” Insurance Broker and a Next-Generation Benefits Adviser
Delivering healthcare to your employees is a growing business challenge. Not only do annual premiums rise year-after-year, but more employees are making career decisions based on benefits plans, especially as pressure on consumer healthcare costs increase as well.
Your benefits plan is more than a simple line-item expense, and you do not have to sink into benefits quicksand with each rate increase.
With the right approach and the right insights, your benefits plan can be a strategic advantage that not only preserves your budget but also drives other key performance factors like employee retention and morale.
To realize this potential, however, you need an expert that does more than the “status quo” insurance broker. You need a next-generation benefits adviser.
How do you deliver fast, round the clock access to a physician along with 24-hour advocacy to help your employees find a provider, understand an invoice or EOB and help find the best price for a prescription? By using a benefits app, of course!