The 8.5 percentage-point gap in cost increases between a best-performing and a poor-performing company is very significant. Through focused initiatives such as building data warehouses and using hard-dollar ROI calculations, best-performing companies lower cost trends, minimize employee absence and earn higher rates of employee satisfaction with their programs.
More Quotes from Ted Nussbaum:
Health care consumerism is about more than high-deductible plans. The best-performing companies are using various tactics to engage employees and lower cost trends because they recognize that all employees may not be driven by financial incentives alone.Ted Nussbaum
Despite slower increases and better budgeting, health care costs remain a financial burden for most U.S. employers. Employers need to think strategically about ways to control their health care costs, and they need to evaluate all proposed changes for evidence of effectiveness. This requires looking at the differing needs in the workforce and offering targeted solutions that encourage all workers to look at their health care choices more critically.
Ted Nussbaum
Rather than using financial incentives to encourage seriously ill hospital patients to reduce plan spending, directing them to high-quality delivery centers will be far more effective in making them better consumers and controlling plan costs. In some areas of the country, using high-quality care centers may cut plan expenditures for the most expensive cases in half.
Ted Nussbaum
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Based on Keywords: best-performing, poor-performing, warehousesWhen we speak the word "life," it must be understood we are not referring to life as we know it from its surface of fact, but to that fragile, fluctuating center which forms never reach.
Antonin Artaud
Just because your voice reaches halfway around the world doesn't mean you are wiser than when it reached only to the end of the bar.
Edward R. Murrow
A book reads the better which is our own, and has been so long known to us, that we know the topography of its blots, and dog's ears, and can trace the dirt in it to having read it at tea with buttered muffins.
Charles Lamb