Strategies for Rising Health Care Costs

Aug 22, 2019, 12:53 PM

(From CFO) Private employer medical costs are projected to increase by 6% in 2020, leading many large companies to take steps such as employing virtual care, innovating primary care and seeking solutions to specialty drug costs, according to a recent survey by the National Business Group on Health. The solutions suggest a more comprehensive approach to health management, and aim to provide education and support through increased monitoring and virtual services. For example, one company sent a cleaning crew to thoroughly clean an employee’s house after seeing the employee was making frequent visits to an emergency room for treatment of asthma attacks — underscoring that keeping people healthy sometimes requires innovative approaches.

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