In collaboration with Bank of America Merrill Lynch
Hospitals and health systems are seeing a year-over-year increase in workforce healthcare costs. In a survey of hospital and health system leaders conducted by Becker’s Hospital Review, nearly 80 percent of respondents said the cost of healthcare benefits at their organizations grew in the past year. The increase comes from both higher premiums and greater care utilization.
To counter premium increases, some organizations have made high-deductible health plans a benefit option for their workforce. To offset or reduce care utilization costs — visits to out of network providers and the hospital emergency room, or inconsistent chronic care management — many employers are also investing more in employees’ financial literacy and physical wellness.
This Becker’s Healthcare e-book, based on survey responses from financial executives and a roundtable discussion with four hospital and health system CFOs and a healthcare benefits expert, discusses several strategies healthcare organizations are deploying to better manage their healthcare expenses.
To read and hear the CFOs’ insights and download the E-book, click here.
