Synchrony’s Post

Preventable cardiometabolic conditions are a major contributor to the costs of health insurance premiums and employee medical claims. These costs are at an all-time high and continue to rise in the United States. Employers can help their employees to manage chronic health conditions and improve their overall health by offering convenient access to care solutions, like an AI-driven, multi-condition digital health platform. Learn more in a recent article from Medical Economics: https://lnkd.in/eHpXBtp2 #welldoc #digitalhealth #chronicconditions

Health insurance has traditionally been regarded as a reactive benefit, providing help when employees are facing a difficult time.   Things are changing, however, and in this article we look at why companies are taking a more proactive approach to healthcare, employing insurance products and adopting strategies that promote better wellbeing among their workforce. https://lnkd.in/ek-GHwum #employeebenefits #employeewellbeing #privatemedicalinsurance #VintageHealth

The days of employers making all of the important health insurance and #wellness program decisions (beyond budget) are a thing of the past. Consider surveying your #employees about specific program elements they like and don’t like. Ask for their ideas on potential future benefits. You can do this in an individual setting, or as part of a focus group. By making employees part of the decision-making process, they are likely to feel more empowered to take advantage of their benefits. https://lnkd.in/du8Y85tY

Providing high-quality benefits isn’t just a health matter, it’s a happiness matter. Employer-sponsored insurance offers a 47% return on investment, mostly direct medical costs and productivity gains. Companies that leverage group benefits to improve mental health and wellness see even greater returns. Lower financial stress and rates of illness avoid an employee discontent spiral. Studies also show people in poor health are less satisfied with their benefits. Naturally so — they’re halfway to “sick and tired” already. When employers step up early and secure coverage from trusted brokers, they have a chance to address the mental health challenges that have become so prominent.             https://lnkd.in/gpVdasKw

There are steps you can take at the start of the new year to get the most out of your workplace health plan and to avoid surprising bills, experts say. You’ll want to make sure you know the full cost of your coverage, including co-insurance rates and deductibles. https://lnkd.in/egt924UA

Financial incentives, such as reduced health insurance premiums or gift cards, can be effective in motivating employees to participate in wellness activities. Sometimes though, you can even incentivize employees without money. #wellnessincentives #healthyemployees #wellnessprogram https://lnkd.in/gB6aUAx2

Thanks Cheryl Martin A very important distinction to understand about CWO “The goal of this work is to address what is wrong with the practice environment, not to make individuals better able to tolerate a broken system.” #CWO #systemschange #Skills #SystemsThinking #Evidence #Data #BothAnd #Coaching #SeeThinkClearly

A big thank you to Insurance Edge for sharing ABI data on private health, revealing a rising demand in the workplace. This insight sheds light on the increasing importance of workplace health initiatives. Check out Unum's insights on the significant increase in people seeking musculoskeletal (MSK) support, as highlighted in today's ABI report. Learn about the ongoing challenges individuals face and how employers can support musculoskeletal health. #MSKSupport #WorkplaceWellbeing #UnumUK #EmployeeHealth #Ergonomics #InsuranceEdge #WorkplaceHealth #EmployeeWellbeing

"The health care CWO role was established to reduce widespread occupational distress in clinicians by improving the work environment rather than by promoting health behaviors to reduce health insurance costs. A complex array of system-level drivers has contributed to clinician distress. Developing and overseeing the execution of a strategy to address these challenges and working in partnership with other operational leaders to improve well-being require a correctly placed senior leader with the appropriate authority and resources, such as a CWO.Health care CWOs must focus primarily on improving their organizations' work environment and culture, not on developing individual-level interventions, such as personal resilience, mindfulness, and self-care offerings. The goal of this work is to address what is wrong with the practice environment, not to make individuals better able to tolerate a broken system. " https://lnkd.in/g737S425

Breaking: 2023 Health Insurance Premiums Surge 7% 🚀 The Kaiser Family Foundation ("KFF") has unveiled some serious numbers. In 2023, health insurance premiums for families and individuals are climbing by a significant 7%. Employers are passing along more of the rising premiums to employees than in years past. On average, employees are contributing an extra $500 compared to 2022. The 7% hike is the steepest since 2011, largely due to increased post-pandemic utilization and inflationary headwinds. The chart below takes you on a journey from 2018 to 2023, Over 2,000 US companies were surveyed, spanning across a diverse cohort of size and sector. 📊 Join the conversation on the changing landscape of US health insurance. Stay informed and engaged! 🏥 #healthinsurance #KaiserFamilyFoundation Source: https://lnkd.in/ebpfC9FS