Collective Health

Optimizing your healthcare strategy

See how your employee healthcare strategy compares to other leading US employers

Employee healthcare is approaching a crisis point. Can your strategy survive?

Complete this 3 minute survey to see how your strategy compares to other leading businesses.

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As companies grapple with the rising cost of employee healthcare, executive teams are showing skepticism around how efficiently their investment is being managed.

According to a recent study by Harvard Business Review, only 17% of executives believe their healthcare investment is being managed efficiently, while 83% believe that they can cut waste in their spend given the right conditions.

But there’s also promise—a recent Mercer study shows that benefits teams using cutting-edge practices and innovations are paying 4.6% less per employee on healthcare.

So what are leading businesses doing differently?

Complete this 3 minute survey to see how your company stacks up.

I am a ________.
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My company has _______ employees.
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Our employee healthcare program is currently _______.
Did you know

63% of American employees are on a self-funded plan

Source: Kaiser Family Foundation

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Do you know how much your company spends on healthcare annually?
Did you know

The total cost of healthcare is projected to rise to an average of $14,156 per employee in 2018

Source: National Business Group on Health

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Could you confidently explain to your CFO and CEO what’s driving your healthcare costs?
Did you know

The price of providing medical and pharmacy benefits is expected to rise by 5% for the fifth consecutive year in 2018

Source: National Business Group on Health

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Do you face pressure from your CFO to better contain your healthcare costs?
Did you know

A study of large companies found that those using more leading-edge practices, such as defining centers of excellence for particular procedures and offering web- or app-based wellbeing programs, and covering telemedicine, paid 4.6% less per employee on healthcare in 2015 than companies that used fewer.

Source: Mercer

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How aligned are your Benefits and Finance teams on how to control costs?
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Could your C-Suite explain how your healthcare strategy is tied to your workforce strategy?
Did you know

Only 50% of business leaders believe that their benefits leader plays an important strategic role at their company

Source: Harvard Business Review

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With better tools and technology, I see an opportunity to more effectively and efficiently administer our company’s health benefits.
Did you know

Only 17% of business leaders believe their healthcare investment is being managed efficiently

Source: Harvard Business Review

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Do day-to-day tactical items keep your benefits team from being able to focus on their more strategic work?
Did you know

Companies have reported a 60% reduction in benefits-related questions from their employees after partnering with Collective Health

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Does your benefits organization have the tools and technology they need to efficiently manage your healthcare investment?
Did you know

51% of business leaders say their benefits team doesn’t have access to the same kind of tools or resources as their Sales or Finance teams

Source: Harvard Business Review

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Do you think your C-Suite believes that your healthcare strategy is as data-driven as your compensation strategy?
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Do you have the data insights you need to confidently defend your healthcare strategy against an internal skeptic?
Did you know

83% of business leaders believe they can cut waste in benefits spending given the right conditions

Source: Harvard Business Review

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I could do my job more efficiently if I had better access to real-time data.
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How would your employees rate the customer service of their current health insurance carrier?
Very poor Excellent
Did you know

The Net Promoter Score for the healthcare industry is 8; Collective Health’s is 76

Source: Temkin Group Insights & Collective Health

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Do your employees understand how their health benefits work?
Did you know

In a recent study, only 14% of respondents could correctly answer four multiple choice questions about the four components of health insurance design: deductibles, co-pays, co-insurance, and maximum out-of-pocket costs

Source: Journal of Health Economics

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Is your health insurance experience a good representation of your employer brand?
Did you know

75% of U.S. adults say healthcare benefits strongly factor into their decision of where to work

Source: Collective Health Harris Poll Survey

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I could more efficiently craft our company’s health benefits strategy if I better understood our employees’ healthcare needs.
Did you know

Nearly 90% of employees enrolled in employer benefit plans agreed that getting health benefits through work is as important as getting a salary

Source: Mercer

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Do you believe there is a clear connection between employee health and productivity?
Did you know

Poor employee health is estimated to cost $576 billion a year

Source: Integrated Benefits Institute

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Do you have the tools you need to improve health and productivity in the workplace?
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Do you believe that there is value in innovative health programs like near-site clinics, condition-specific services, and wellness apps?
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Do your employees use the innovative healthcare programs your company has invested in?
Did you know

Activision Blizzard increased engagement in Grand Rounds by 4X after partnering with Collective Health

Source: Collective Health CareX Reporting

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I could justify the value of our investment in health programs to my CFO.
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See how your results stack up.

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