Healthcare costs

The overall impact of the crisis adds uncertainty about projected costs.

Employers can help employees prepare for and manage high healthcare costs related to COVID-19 as well as large medical bills related to other health conditions such as serious illness or accidents several ways.

While it does not solve all problems, virtual care offers a highly flexible, low resource approach that, with many patients, can deliver a positive care experience with equal or better quality at lower cost.

For most employers, just 1% of their members are driving 40% or more of pharmacy benefits costs.

Employees are cautious about discussing their mental health at work, but addressing these challenges can improve outcomes and lower healthcare costs.

Major depression is just one of hundreds of conditions where employers struggle to improve outcomes and costs.

The stress caused by high bills and medical debt can increase employees’ risk of a range of physical and mental health problems.

“Short-term telehealth options make it possible for businesses to navigate a very uncertain time,” says Bill Goodwin, CEO of telehealth provider MeMD.

Rising Star Alex Dampf left his job at a traditional benefits brokerage firm to start his own business and find new ways to manage benefits.

The healthcare company’s PBM designed a plan to ensure diabetics have access to medication without increasing employer costs.