Search
 

High-touch, high-tech advocacy means lower-cost health care

Employers are saving from 3 percent to 5 percent in claim costs in the first year and up to 15 percent in the fifth year, representing a 3:1 return on investment.

By Marlene Y. Satter | Updated on May 24, 2017
Employers are saving from 3 percent to 5 percent in claim costs in the first year and up to 15 percent in the fifth year. (Photo: iStock)

Large self-funded employers who step outside the box when it comes to health benefits are saving significant money on per-member, per-month claims costs — as much as 15 percent.

That’s according to a multi-year analysis from health care concierge Accolade. The study finds the employers saving all the money are using high-touch, high-tech advocacy which proactively engages employees in their own care and encourages them toward better health care decisions. And not only does it save money, it significantly improves member satisfaction.

Complete your profile to continue reading and get FREE access to BenefitsPRO.com, part of your ALM digital membership.

Your access to unlimited BenefitsPRO.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical BenefitsPRO.com information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

BenefitsPRO

Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

  • Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
  • Exclusive discounts on BenefitsPRO.com and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2024 ALM Global, LLC. All Rights Reserved.