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Welcome to Today's Web Seminar Sponsor Content From Hosted By - - PowerPoint PPT Presentation
Welcome to Today's Web Seminar Sponsor Content From Hosted By - - PowerPoint PPT Presentation
Welcome to Today's Web Seminar Sponsor Content From Hosted By Kathryn Mayer Kathryn Mayer is Editor-in-Chief of Employee Benefit News. She previously served as EBNs Executive Editor after joining SourceMedia in January 2016. She has been
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Kathryn Mayer
Kathryn Mayer is Editor-in-Chief of Employee Benefit
- News. She previously served as EBN’s Executive
Editor after joining SourceMedia in January 2016. She has been covering the benefits industry for the past six years, and is currently responsible for developing EBN’s editorial strategy and overseeing the magazine’s and website’s day-to-day operations. An award-winning journalist, she has written for numerous national publications as well as managed a handful of print and online publications.
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Linda Cheung
Linda manages SourceMedia’s full-service market research programs. She has 15 years of experience leading primary research studies and providing data-driven insights for business and consumer industries. Linda earned her Bachelor’s degree from the University of Michigan and an MBA in Marketing and Finance from Fordham University.
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Emilie DeBaie
Emilie DeBaie received her Bachelor of Science Degree in Health Policy and Management from Providence College. She’s since worked in a variety of healthcare industry roles for both providers and benefits vendors focused on healthcare data analytics. Emilie joined Artemis Health in 2017 as our Solutions
- Engineer. In this role, she works to design and
implement benefit analytics strategies and best practices across multiple teams.
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Background
- Online survey conducted in August 2018 among
Employee Benefit News audience to better understand the benefits program landscape, specifically the trends and practices in using data –driven solutions
- 212 HR and benefits professionals at large employers
(5,000+) whose health plans are self-funded
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10% 14% 15% 23% 25% 26% 33% 33% 34% 34% 36% 36% 36% 38% 43% 48% 58% 65% 66% 79% 80% 88% 90%
Sleep programs Musculoskeletal wellness program Time management Fertility coverage and wellness On-site health clinics Nutrition Health club memberships or on-site gym Health coaching Telemedicine Weight management Financial/credit management Chronic disease management Biometrics screenings Stress management Mental health wellness programs Smoking cessation Health, fitness, and wellness incentive programs Employee Assistance Program Vision insurance Dental insurance Pharmacy benefits Retirement (401k) Health insurance
Benefits Offered
Q: Which of the following benefits does your organization offer to employees? Please select all that apply. n=212
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A term coined by the Institute of Healthcare Improvement The framework calls for:
- Improve the patient experience
(better care)
- Improve the health of populations
(better health)
- Reduce the cost of healthcare
(better value)
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10% 11% 11% 13% 22% 23% 24% 26% 45% 45% 53%
Customize benefits for specific worker demographics Increase employee presenteeism Improve worker safety Reduce employee absenteeism Competitive advantage Attract talent Improve company culture Increase engagement/productivity Improve employee retention/employee satisfaction Reduce costs Improve overall employee health and well-being
Top Objectives for Benefits
Q: What are your organization's top objectives when considering which benefits packages to offer employees? Please select up to three. n=212
Sponsor Content From Hosted By 13% 16% 18% 21% 22% 28% 27% 25% 33% 44% 45% 47% 11% 17% 20% 22% 22% 24% 27% 29% 35% 45% 57% 58% Reference-based pricing Clinical decision support Concierge health advocate Centers of excellence (COEs) Cost-transparency tools Decision support tools Mobile apps or health/fitness… Consultant/advisor resources Benefits data analytics tool Employee incentives Health savings accounts (HSAs) Benefits communications tools/services
How organizations are optimizing employee healthcare benefits programs
Current In 12 months
Q: Which of the following does your organization currently use to optimize its employee healthcare benefits program? Please select all that apply for each time period. n=212
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23% 25% 31% 33% 33% 40% Providing targeted interventions for specific worker population health issues or needs Positively changing/influencing employee health outcomes
- r behaviors
Predicting or forecasting future healthcare spending Engaging employees with their healthcare benefits Using benefits data to drive decision making Budgeting for healthcare spending
Healthcare Benefit Program Effectiveness (Indicated “Extremely effective”)
Q15 - Now, how effective is your organization in each of the following areas? Please select one for each. n=212
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26% 30% 31% 31% 36% 37% 39% 39% 41% 43% 44% 47%
Refine our network / Centers of Excellence Provide user-friendly visualizations/dashboards/metrics Provide customized employee benefits packages Justify our benefits spending to stakeholders Identify gaps in employee care and wellness Allow us to add new healthcare programs Forecast future healthcare spending Help manage health outcomes Help budget for employee benefits Help identify and manage chronic diseases Save money/cuts costs on benefits Help address wasteful healthcare spending
Significance of Data Analytics Benefits (Indicated as “Very Significant”)
Q19 - How significant do you think each of the following advantages of using benefits data analytics is, or could be, for your organization? Please select one for each. n=212
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12% 12% 14% 14% 15% 19% 26% 28% 28% 32% 33% 36% Too many data feeds Lack of information about benefits data analytics Lack of interest or need for this Lack of management support Overlap with consultant/advisor roles Lack of analytic skills Cost/no budget for this Providing an ROI for benefits data analytics Lack of time and resources to implement or manage Employee privacy liability concerns Security concerns Data accuracy
Top Perceived Challenges in Implementing Benefits Data Analytics Solution
Q20 - What do you see as the top challenges in implementing or using a benefits data analytics solution at your organization? Please select the top 3 challenges. n=212
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Thank you!
Practical tips:
- Choose a data partner built around the needs of employers
- Look for a tool that provides actionable next steps
- Consider the ease of sharing, collaboration, and building visualizations