Medical costs have been startling for employers over the last several years. The worst recession in a quarter-century was followed by the most extensive change in federal health funding and regulation in decades. Although the long term impact of regulation on the economy remains to be seen, one thing has remained consistent – employee medical costs continue to rise. The primary driver of this is poor employee health. On average, high risk employees cost employers an additional $4,400 in medical costs per year than healthy employees. Want to know more about the cost of risk within your population? Ask for a Riskulator℠ demonstration, EHD’s proprietary risk calculation tool.
In the wake of these changes, our clients are looking to us for innovative solutions for controlling costs and interjecting accountability into their employee benefit and workers’ compensation plans. EHD’s Integrated Wellness Solution powered by HealthCheck360° is designed to dramatically cut health insurance premiums and workers’ compensation costs; two significant employer challenges with one solution.
Historically, wellness programs have only rewarded participation. EHD’s Wellness Solution combines both carrot and stick approaches to drive accountability and progress. The use of incentives has shown to result in 40% higher levels of participation, particularly among the at-risk population. This promotes personal accountability that results in improved health as well as reduced health care and workers’ compensation costs. Our program has the flexibility to work with almost any incentive model and structured program to guarantee HIPAA compliance.
EHD’s Wellness Solution offers an integrated, cost effective and comprehensive approach to employee health. Our focus is on providing employers with objective, actionable data. We work with your available data to identify trends and provide a course of action to reduce risks and lower costs. Our performance based approach includes developing strategic programs for addressing individual and population health risks through awareness, engagement, participation, personal accountability, and tracking and rewarding health improvement.
Spearheaded by EHD’s Clinical Director of Health, Safety and Wellness Julie Evarts, the program has already begun to rollout with the company’s larger clients. Evarts had this to say about HC 360°, “The biggest issues most of our clients face today are escalating health insurance premiums and costly workers’ compensation claims. HC 360° is one of the best wellness programs in the country and EHD is looking forward to a long, impactful partnership.”
To learn more about this exciting initiative, contact Julie at jlevarts@ehd-ins.com.
