Why Benefits Managers Need to Explore “Value”

In this article for BenefitsPRO, our CEO Karthik Ganesh talks about an approach to health benefits that focuses on what really matters: employees’ physical, mental, and financial well-being.

“The term “value-based care” is common among health care payers and providers but not health benefits space. Why not?”

Benefits managers are navigating the intersection of employee health and business health as never before. COVID-19 is shining a whole new light on health benefits, and it’s not just premium dollars at stake.

A 2020 survey by Business Group on Health notes that 45% of employers now consider investments in health and well-being an “integral” part of their overall workforce strategy—up from 36% in 2019. Likewise, a recent Mercer study shows that the projected increase in next year’s benefits costs has not shaken companies’ commitment to employee benefits. Related: CFOs: Benefits plans must focus on employee health

With COVID-19 placing undue strain on employers’ bottom lines and employees’ physical, mental and financial health, there is no better time to revisit the definition of value in the context of health care benefits.”

Read the full article here.

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