Health Insurance

4 Health Plan Trends To Lower Costs and Improve Outcomes

UPDATED ON
March 4, 2023
Abbey Dean
Abbey Dean
— Written By
Print Friendly and PDF

Health analytics platform Springbuk recently released its 4th annual report, which highlights 4 trends that employers have been utilizing to lower health care costs across the board while achieving better health outcomes for employees at the same time.

Those trends are implementing programs with virtual health care options, which can be more convenient and lower in cost than in-person appointments; using advanced analytics to evaluate and manage employees with significant high-risk factors, which in turn also leads to improved health outcomes; introducing or further incorporating mental health and wellness programs, which has a number of tangential benefits for employers and employees alike; and prioritizing a value-based approach to health plans that emphasizes care quality above a laundry list of covered services.


Want more insights on how your employee benefits compare to companies in your region, industry, and similar employer size?
Download Your Custom Benefits Report Now
See How Your Employee Benefits Compare

Next Up

Federal Court Ruling May Put Millions of US Companies In Breach of ERISA Fiduciary Duty
A Texas court ruled that American Airlines breached its ERISA duty of loyalty by failing to properly oversee BlackRock’s ESG-driven investment decisions. The decision could put millions of employers at legal risk if upheld. Are ESG investments in retirement plans now a liability?
The Employment Situation for February 2025
The latest economic release from the Bureau of Labor Statistics reports that the U.S. job market added just under 150 thousand jobs last month while unemployment ticked down one-tenth of a point to 4% to close out the last such economic report with data collected under the Biden administration.
Are Centers of Excellence On the Decline?
Centers of Excellence (COEs) may have peaked. While mid-sized employers increased adoption, the largest companies are scaling back. Is this a temporary dip or a shift in employer healthcare strategy?