Health Conditions Costing Employers Handsomely
Population health analytics vendor Healthentic has discovered employers pay more than $113,000 in medical expenses for "high-cost" people they cover compared to $2,751 for everyone else.
Population health analytics vendor Healthentic has discovered employers pay more than $113,000 in medical expenses for "high-cost" people they cover compared to $2,751 for everyone else.
The findings were released in a report detailing some of the numbers surrounding high-cost workers and their families--those with costs of $50,000 or more--compared to the market at large.
Healthentics analysis has found that three biggest contributors to the high-cost category include cancer, chronic kidney failure, and complicated births. To help alleviate the high-costs resulting from these conditions, Healthentic recommends:
*Promoting evidenced-based cancer screening
*Effectively managing diabetes and hypertension
*Making case management available for high-risk pregnancies and complicated births
The fact that employers can save more than $110,000 by preventing just one high-cost member is pretty eye-opening and shows why its so important for organizations to understand their populations health and how it impacts their bottom line, said Healthentic COO Sean Gallivan.
The findings were released in a report detailing some of the numbers surrounding high-cost workers and their families--those with costs of $50,000 or more--compared to the market at large.
Healthentics analysis has found that three biggest contributors to the high-cost category include cancer, chronic kidney failure, and complicated births. To help alleviate the high-costs resulting from these conditions, Healthentic recommends:
*Promoting evidenced-based cancer screening
*Effectively managing diabetes and hypertension
*Making case management available for high-risk pregnancies and complicated births
The fact that employers can save more than $110,000 by preventing just one high-cost member is pretty eye-opening and shows why its so important for organizations to understand their populations health and how it impacts their bottom line, said Healthentic COO Sean Gallivan.
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