Where Can Self-Insured Employers Look to Find Healthcare Savings?
Are you a self-insured employer looking for ways to reduce healthcare spend? Join us for a webinar on December 11 in which HR executives will share their insights.
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Heard at HLTH 2024: Insights from Innovative Healthcare Executives
Executives from Imagine360, Verily, BrightInsight, Lantern, and Rhapsody shared their approaches to reducing healthcare costs and facilitating digital transformation.
Heard at HLTH 2024: Insights from Innovative Healthcare Executives
Executives from Imagine360, Verily, BrightInsight, Lantern, and Rhapsody shared their approaches to reducing healthcare costs and facilitating digital transformation.
Business Group on Health: Healthcare Costs Expected to Surge at Highest Rate in 15 Years
Prescriptions, GLP-1s and cancer are major contributors to employers' healthcare costs, according to a new survey from the Business Group on Health.
Report: Cost Reduction Is Less of a Priority for Health CFOs Compared to Past Years
Cost reduction is no longer a top priority for healthcare finance leaders, a new Deloitte survey found. In past years, cost reduction was among the top three priorities.
Home Health: A Solution to Skyrocketing Healthcare Costs
A great deal of healthcare can take place in the home, leaving valuable bandwidth available for specialized facilities when they are needed.
Americans’ Healthcare Costs Are Rising With the Pace of Inflation, Report Says
During the first three quarters of 2023, the prices for CMS’ 500 shoppable services increased by 2.0%, according to a new report. This figure is in alignment with the 1.9% U.S. inflation measured by the Personal Consumption Expenditures Price Index and below the overall U.S. inflation rate measured by the Consumer Price Index.
Reducing Clinical and Staff Burnout with AI Automation
As technology advances, AI-powered tools will increasingly reduce the administrative burdens on healthcare providers.
3 Trends Employers Should Watch Out for in 2024
The top three areas of concern for employers in 2024 include rising healthcare costs, mental health challenges and cancer care, according to a recent report from Business Group on Health.
Report: Global Healthcare Benefit Costs Expected to Rise 9.9% in 2024
Globally, health benefit costs are expected to increase 9.9% in 2024, according to a new report from Willis Towers Watson. This is a slightly slower pace than in 2023, which saw a record-high increase of 10.7%.
Survey: Managing Costs, Mental Health Are Employers’ Top Health Priorities
When asked to list their top health and wellbeing priorities over the next three years, 69% of employers said managing their health plan’s costs and budgeting, while 63% said enhancing mental health programs, a new survey shows.
Meaningful Hospital Price Transparency Requires Actual Prices, Not Estimates
Only actual hospital prices, displayed as dollars and cents, not estimates, formulas, or algorithms, protect patients from outrageous bills and hold hospitals accountable for overcharges, errors, and fraud. Accepting CMS' or other substitutes instead of actual prices undermines broader efforts to make hospital price transparency a reality for American patients and healthcare consumers.
The Funding Model for Cancer Innovation is Broken — We Can Fix It
Closing cancer health equity gaps require medical breakthroughs made possible by new funding approaches.
Employers’ Healthcare Costs Expected To Rise 8.5% in 2024
Employers' healthcare costs are anticipated to rise by 8.5% in 2024, according to Aon. The projected increase is nearly twice the 4.5% increase that employers saw from 2022 to 2023. Inflation is a major factor for the increase.
Medical Expenses Will Rise by 7% Next Year, Report Predicts
New research predicts that healthcare costs will increase by 7% next year. The estimate is higher than the projected medical cost trends in 2022 and 2023 — which were 5.5% and 6.0%, respectively.
Report: Firearm-related Injuries Cost US Healthcare $1B Annually
In just 2020, deaths from gun violence cost the U.S. healthcare system $290 million, or about $6,400 per patient, according to a report from the Commonwealth Fund. These costs are mostly covered by Medicaid and other government insurance programs.
Paytient Secures $40.5M for Its Benefit Helping Patients Pay for Care
The funding round was led by Mercato Partners Traverse Fund and included participation from Bertelsmann Investments. In total, the company has raised $63 million. Paytient created Health Payment Accounts, which help patients pay for out-of-pocket medical expenses.
3 Employer Health Trends for 2023: Affordability Tops the List
Employers have several strategies for combatting rising healthcare costs, including moving to more value-based care arrangements, said Ellen Kelsay, President and CEO of Business Group on Health. Other top health trends for employers next year will be continued support of wellbeing programs and health equity.