Blog Posts Savings 101: Healthcare strategies for self-funded companies September 12 | 2 mins Self-funded healthcare insurance is on the rise among smaller and mid-size businesses looking to manage employees’ healthcare. Through self-funded healthcare, employers, rather than pay a hefty health insurance premium to insurers for their employees, “self-fund’’ premiums and assume most of the financial risk of employee health expenses. Employers pay claims through a third-party intermediary and can save significantly on premium payments. In today’s rapidly evolving healthcare system, the percentage of workers in self-insured plans has been increasing. How do employers manage risk? When it comes to maintaining healthy workforces, most employers face several challenges that could lead to significant costs if not adequately addressed. These challenges include managing chronic disease such as diabetes and hypertension; prescription drug costs and hospitalization costs – all of which make up the bulk of a company’s healthcare spending. According to the Integrated Benefits Institute, U.S. workforce illness costs $227 billion a year in lost productivity when employees are absent due to illness or when they are underperforming because of poor health. How does an employer manage costs while also improving the health of their employees? One strategy is to catch diseases early. By implementing a comprehensive biometric screening analysis of employees, potential problems can be identified early. Biometric screenings check employees for risk markers such as weight, blood pressure, cholesterol and glucose levels. With this aggressive outreach, companies can identify moderate-to-high risk employees and enroll them in a company-sponsored health and wellness program. As these employees improve their health, they fall into a lower-risk category, which helps lowers healthcare costs. A large supermarket chain based in Texas, H-E-B, has seen these savings firsthand. “H-E-B’s internal analysis shows that annual healthcare claims are about $1500 higher among nonparticipants in its workplace wellness program than among participants with a high-risk health status,” according to a story in the Harvard Business Review. Another strategy to lower healthcare costs is to focus on those employees already diagnosed with chronic diseases. Caring for employees with chronic disease drives a large portion of healthcare spending by way of doctor visits, hospital care, and pharmacy costs. Managing chronic diseases can lower healthcare costs, according to a RAND Corporation study. Examining a large employee wellness program offered by PepsiCo, researchers found that “efforts to help employees manage chronic illnesses saved $3.78 in healthcare costs for every $1 invested in the effort,’’ according to the RAND Corporation. Working with a healthcare provider that understands the challenges employers face is critical. Healthcare2U provides a network of direct primary care clinics so employees have convenient access to the healthcare they need. Accessibility and convenience are two big factors that keep employees from going to the doctor and participating in programs that will keep them healthy and productive. By keeping employees out-of-pocket costs low and providing easy access to healthcare, employees can better follow medical regimens. An engaged patient is a healthier patient. Direct primary care physicians know the value of controlling prescription drug costs to the employee and employer and the importance of prescribing generic prescription drugs when appropriate. Our team of doctors act as healthcare advocates for employees and employers in reducing the number of unnecessary tests and procedures as determined by the American Board of Internal Medicine Foundation’s “Choosing Wisely” campaign. The Choosing Wisely effort has garnered the participation of more than 70 medical specialty societies who have published more than 400 recommendations of overused tests and treatments that clinicians and patients should discuss. Having a board-certified physician as an advocate can improve the health of employees while providing real savings in healthcare costs. Healthcare is changing rapidly, don’t be left behind. share this post Other Posts You Might Like read more Blog Posts Wake Up and Workout – Why Morning Exercise is Better for You March 21 | 3 mins read more Blog Posts Five Large Contributions Women Made in Healthcare March 7 | 3 mins read more Blog Posts Why Annual Physicals Are a Vital Preventative Care Element March 1 | 3 mins read more Blog Posts Investing in Employee Benefits Education is Beneficial to Both Employees and Employers January 30 | 2 mins read more Blog Posts Health Benefits Education and Direct Primary Care Can Lower Costs for Self-Funded Groups January 30 | 3 mins read more Blog Posts Americans are Five Times More Likely to Experience Increased Stress Levels During the Holidays December 20 | 2 mins read more Blog Posts How Benefit Design Can Help Employers Remain Competitive December 7 | 2 mins read more Blog Posts Prediabetes: When to Worry About the Precursor to Diabetes November 17 | 3 mins read more Blog Posts An Affordable Healthcare Alternative for Non-Benefited Employees April 25 | 3 mins read more Blog Posts Direct Primary Care is a Win for Brokers, Employers, and Employees February 22 | 2 mins read more Blog Posts A New Healthcare Offering for Uninsured Children February 18 | 3 mins read more Blog Posts Hope for Escalating Healthcare Costs February 18 | 2 mins read more Blog Posts Give Employers an Affordable Complement to HDHPs February 18 | 3 mins read more Blog Posts DPC: A No-Claims Approach to Essential Primary Care February 11 | 3 mins read more Blog Posts What Employees Really Want in a Job January 31 | 3 mins read more Blog Posts Solutions to Alleviate Financial Worries in Healthcare January 24 | 2 mins read more Blog Posts DPC Addresses Cumulative Effects of Inflation and Escalating Health Insurance Costs January 17 | 3 mins read more Blog Posts Addressing Healthcare Deserts with Affordable Solutions January 10 | 3 mins read more Blog Posts A New Approach to Customized Benefits January 3 | 2 mins read more Blog Posts Employee Well-Being is the New Normal December 6 | 2 mins read more Blog Posts The U.S. Ranks Last in Healthcare Equity and Affordability Among High-Income Nations November 17 | 2 mins read more Blog Posts Diabetes Awareness Can Save Lives [Affordable Access to Healthcare Can Help Detect, Treat and Manage Chronic Diseases Such as Diabetes] November 8 | 3 mins read more Blog Posts Benefits as a Recruitment Strategy [Cost-Effective Solutions Such As Direct Primary Care Provide Customizable Benefits] September 20 | 3 mins read more Blog Posts The Importance of Health Screenings [Direct Primary Care Memberships Provide Access to Routine Healthcare] September 15 | 3 mins read more Blog Posts Helping Employees Understand Their Benefits September 2 | 2 mins read more Blog Posts The Consequences of Delaying Medical Care August 18 | 2 mins read more Blog Posts Major Shifts in Healthcare [Implementing Long-Term Strategies for Telemedicine and Virtual Care] August 4 | 2 mins read more Blog Posts Why Millennials Ignore Health Issues July 19 | 2 mins read more Blog Posts Anti-Aging Secrets: An Unexpected Benefit of Primary Care? July 2 | 3 mins read more Blog Posts Creative Healthcare Solutions for States with the Least Coverage June 23 | 2 mins read more Blog Posts Three Overlooked Groups Looking for Innovative Healthcare Solutions [How Direct Primary Care Can Address Their Needs] June 15 | 3 mins read more Blog Posts Data-Driven Insights for Building Better Health Plans June 9 | 3 mins read more Blog Posts DPC Practices Seek to End Disparities in Healthcare May 27 | 3 mins read more Blog Posts The Relationship Between Physical Health and Mental Health [How to Promote Better Physical and Mental Wellbeing] May 19 | 2 mins read more Blog Posts Primary Care Counteracts the Negative Impact of Poor Economic Conditions on Health April 27 | 2 mins read more Blog Posts Two Accelerating Contributors to Health Inequity [How Medication Insecurity and Healthcare Homelessness Calls for Better Access to Primary Medical Care] April 22 | 3 mins read more Blog Posts Health Plan Design is a Strategic Business Decision April 1 | 3 mins read more Blog Posts Increased Demand for Virtual Healthcare Going Forward March 19 | 3 mins read more Blog Posts Chronic Disease Management Provides Big ROI March 10 | 2 mins read more Blog Posts Be Prepared for the New Normal Through the Power of Partnerships March 2 | 4 mins read more Blog Posts Looking into Healthcare’s Crystal Ball – The Present and Future of Direct Primary Care February 19 | 4 mins read more Blog Posts Affordable Healthcare Alternatives Can Minimize the Fallout from COVID February 12 | 3 mins read more Blog Posts Affordable Healthcare and Financial Literacy for Millennials [How Direct Primary Care Delivers the On-Demand Healthcare Experience that Millennials Want] February 3 | 3 mins read more Blog Posts Direct Primary Care Helps Address Healthcare Inequality for Children [Accessible and Unlimited Primary Care] January 26 | 3 mins read more Blog Posts Role of Direct Primary Care in Healthcare Equality [How Affordable and convenient care isn’t just a tagline] January 21 | 3 mins read more Blog Posts The Small Businesses Healthcare Revolution December 7 | 3 mins read more Blog Posts 3 Reasons You Should Be Having as Much Fun as Possible November 2 | 3 mins read more Blog Posts Nextgen Solutions to Keep Families Healthy September 28 | 3 mins read more Blog Posts The Future of Primary Care [ How the Primary Care Landscape is Adapting to a Mobile Workforce ] September 25 | 2 mins read more Blog Posts The ABCs of DPC – The Building Blocks of Healthcare [ What is Direct Primary Care and Why is it Important? ] September 22 | 4 mins read more Blog Posts Caregiver Burnout: Tips for Self-Care [How to care for yourself so you can care for others] September 14 | 2 mins read more Blog Posts Optimal Cholesterol Levels Help Maintain Optimal Health August 28 | 2 mins read more Blog Posts Celebrating Women’s Contributions to Healthcare August 20 | 3 mins read more Blog Posts Healthcare for the Service Sector August 6 | 3 mins read more Blog Posts Prepare for a New Normal July 30 | 3 mins read more Blog Posts Tips for a Happy and Healthy Summer July 24 | 3 mins read more Blog Posts A Solution for Disparities in Healthcare July 17 | 3 mins read more Blog Posts 3 Ways Artificial Intelligence is Changing Healthcare July 8 | 3 mins read more Blog Posts Prevention is the Best Strategy for Chronic Disease July 6 | 2 mins read more Blog Posts Healthcare2U Launches Redesigned Website to Better Support Brokers, Employers and Members June 26 | 2 mins read more Blog Posts Doctors Love Direct Primary Care June 16 | 3 mins read more Blog Posts Is There Such a Thing as Balance? May 29 | 3 mins read more Blog Posts Men Visit the Doctor Less Than Women May 12 | 2 mins read more Blog Posts Hidden Causes of Hypertension May 12 | 3 mins read more Blog Posts Solutions for Anxiety and Depression May 12 | 3 mins read more Blog Posts The Importance of Primary Care May 12 | 3 mins read more Blog Posts DPC Will Be Crucial for Health Plans Going Forward May 6 | 3 mins read more Blog Posts Tips to Stay Fit at Home April 29 | 2 mins read more Blog Posts The Connection Between Health and Friendship April 20 | 3 mins read more Blog Posts Stress Relief in Times of Uncertainty April 14 | 2 mins read more Blog Posts 3 Powerful Ways to Boost Your Immune System April 1 | 3 mins read more Blog Posts COVID-19: Tips to Stay Safe and Healthy March 25 | 3 mins read more Blog Posts How Employee Burnout Increases Healthcare Costs March 25 | 2 mins read more Blog Posts Coronavirus: Stay Calm and Aware, But Don’t Panic March 25 | 3 mins read more Blog Posts The Link Between Technology and Depression March 25 | 2 mins read more Blog Posts Finding Solutions for Surprise Medical Billing March 25 | 3 mins read more Blog Posts 3 Ways Love Can Improve Your Health March 25 | 2 mins read more Blog Posts How Physical Fitness Benefits Mental Health March 25 | 2 mins read more Blog Posts Tips for a Happy and Healthy Holiday Season March 25 | 2 mins read more Blog Posts Five Ways to Reduce The Risk of Back Pain March 25 | 2 mins read more Blog Posts Five Factors Contributing to Childhood Obesity March 25 | 3 mins read more Blog Posts Five Things Employers Should Consider When Looking for a Direct Primary Care Provider March 25 | 3 mins read more Blog Posts National Women’s History Month: Five Influential Women in Medicine March 11 | 3 mins read more Blog Posts Heart Failure Awareness Week February 11 | < 1 min read more Blog Posts Our Hearts are Healthier Together February 5 | 2 mins read more Blog Posts Employers Seek Alternative Solutions to Solve Rising Benefit Plan Costs January 28 | 2 mins read more Blog Posts The Real Impact of Chronic Diseases in America January 21 | 4 mins read more Blog Posts Conquering Your New Year’s Resolutions December 20 | 2 mins read more Blog Posts Winter Wellness December 20 | 2 mins read more Blog Posts Employer Provided Healthcare Isn’t Making the Cut December 20 | < 1 min read more Blog Posts Breast Cancer Research: The Breakthroughs of Today for Those Diagnosed Tomorrow October 24 | 2 mins read more Blog Posts Breast Cancer Facts and Myths October 10 | < 1 min read more Blog Posts Fighting a Killer September 28 | 3 mins read more Blog Posts 7 Ways to Celebrate Women’s Health & Fitness Day September 26 | 3 mins read more Blog Posts The Fight Against Childhood Obesity September 10 | 3 mins read more Blog Posts Five Tips to Prepare for a Healthier School Year August 22 | 2 mins read more Blog Posts Sticking to a Healthy Eating Plan over the Holidays and into the New Year November 29 | 2 mins read more Blog Posts Focus on Diabetes – Preventing a Killer November 1 | 3 mins read more Blog Posts Direct Primary Care Delivering Lower Costs, Better Patient Experience October 12 | 3 mins read more Blog Posts Savings 101: Healthcare strategies for self-funded companies September 12 | 2 mins read more Blog Posts Embarking on a Path to Health and Wellness August 22 | 3 mins read more Blog Posts The Rise of Telemedicine July 25 | 2 mins read more Blog Posts What is a Healthcare Advocate? October 7 | 2 mins CONTACT US BECOME A PART OF THE SOLUTION Redefine the healthcare experience with No-Claims Healthcare™ Contact us