Pharmacy benefit management

The average cost of employee healthcare makes up 7.6% of a company’s annual operating budget, SHRM finds.

The average cost of employee healthcare makes up 7.6% of a company’s annual operating budget, SHRM finds.

No bones about it: Disorders such as arthritis and back pain affect more than half of employees, and are one of the costliest healthcare drivers for clients.

Healthcare costs are expected to increase 6% in 2017 as companies make use of better management tools and take advantage of advances in telehealth.

No bones about it: Disorders such as arthritis and back pain affect more than half of employees, and are one of the costliest healthcare drivers for companies. Here are 5 things employers can do to help.

Healthcare costs are expected to increase 6% in 2017 as companies make use of better management tools and take advantage of advances in telehealth.

Smaller companies are missing out on cost-saving opportunities, including self-funding, narrow networks and pharmacy benefit carve-outs.

One reason for the shift includes more plan sponsors implementing high-performance networks with more limited provider choices, according to PwC’s Health Research Institute.

Truveris’ chief technology officer created OneRx, a free prescription benefits and savings app.

Plan sponsors look to implement health and pharmacy benefit programs that address painkiller addiction and abuse.