The Employer-Driven Healthcare Economy

Whether you like it or not, you’re in the healthcare business.

For the last 40 years, employers have been paying for the vast majority of private healthcare in this country–acting as a passenger, not a driver. Today, things are different. Employers have taken the lead and are proving that things can be done differently without massive regulatory change. The impact? Greater cost control and a better healthcare experience. The solution? Technology that powers your entire strategy.

Healthcare is a massive investment that most business leaders don’t have a handle on. With costs increasing year over year—it’s eating into your profits and your employees’ pockets.

The Fortune 100’s healthcare bill—in one year.1

8485,808080,808080,808080

That's approximately $1,400 a second.

9.3% of total compensation for employees goes to healthcare costs, up from 5.6% in 2001.2,3

Medical costs have grown 5% per year for the last five years—meaning costs have gone up 27% since just 2013.4

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Employers fund the majority of our private healthcare system, with the most aligned incentives in the industry—to take care of their people.

Outside of those with government-sponsored health insurance, 87% of Americans are covered through their employer. In contrast, the individual market (including the ACA) only accounts for the remaining 13%.5

With so much of the population depending on them for coverage, employers are forking over $1.2 trillion on healthcare every year—a sum equal to Spain’s GDP.6

From 2006 to 2018, the total cost of healthcare per employee has risen 75% from $8,079 to $14,156.7,8

Leading employers aren’t sitting by the sidelines. They’re bringing to market new approaches and tools to get control over their investment.

Telemedicine

96% of employers offer telehealth services in states where it is permitted9

ACOs

21% of employers promote ACOs and that number could double by 202010

Health Centers

54% of employers offer onsite or near-site health centers11

A demand for innovation and mass adoption has created massive market opportunities for a new generation of healthcare companies—presenting employers with more choice and opportunity than ever before.

$23,000,000,000

In venture funding in digital health alone over the last seven years.12

1,028 companies

Creating over a thousand new, standalone companies focused on improving healthcare.13

See how Intel redesigned a local healthcare system in Portland HBR.org
See how Amazon, Berkshire Hathaway, and JP Morgan are teaming up to disrupt healthcare nytimes.com

In order to harness the power of the Employer-Driven Healthcare Economy, employers need a system to bring the pieces of their strategy together. That’s where Collective Health comes in.

Collective Health is the first Workforce Health Management System (WHMS) designed to help companies take advantage of the latest innovations in this new economy—optimizing the health of their workforce and their business.

Today, leading employers across the U.S. partner with Collective Health to drive the performance of their healthcare investment. Our technology, member advocacy, and platform approach helps companies take control of their investment, while taking care of their people. The results speak for themselves.

We have the happiest members in the health insurance industry

By keeping medical trend flat, we’ve helped our clients save millions of dollars

1 Approximate figure, based on publicly available Fortune 100 and Centers for Medicare and Medicaid Services data 2 Bureau of Labor Statistics: Employer Costs for Employee Compensation Historical Listing, March 2004 – September 2017 3 Bureau of Labor Statistics: Employer Costs for Employee Compensation Historical Listing (Annual), 1986 – 2001 4 NBGH Large Employers’ 2018 Health Care Strategy and Plan Design Survey 5 Centers for Medicare and Medicaid Services 6 Centers for Medicare and Medicaid Services 7 NBGH’s Large Employers’ 2018 Health Care Strategy and Plan Design Survey 8 16th Annual Towers Watson / National Business Group on Health Employer Survey on Purchasing Value in Health Care 9 NBGH’s Large Employers’ 2018 Health Care Strategy and Plan Design Survey 10 NBGH’s Large Employers’ 2018 Health Care Strategy and Plan Design Survey 11 NBGH’s Large Employers’ 2018 Health Care Strategy and Plan Design Survey 12 Rock Health’s 2017 Year End Funding Report 13 Rock Health’s Digital Health Company Funding Database
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