7 Primary Ways Companies Plan to Reduce Their Healthcare Costs

1. Health improvement efforts (wellness/disease management, free preventive care, etc.)
2. Increased employee financial responsibility (HDHPs, higher copays, reduced subsidies for retiree/dependent coverage, etc.)
3. Plan design (consumer-directed health plans or utilization management to detect unnecessary care)
4. Network management (narrower networks, direct hospital/physician contracting, accountable care organizations, etc.)
5. Defined contribution (provision of predetermined amount of funding for employee use toward health plan purchased)
6. Reduced benefits/plan value (cuts to covered benefits)
7. Limit/control hours worked (reduce number of full-time equivalent employees)

Source: Beckers Hospital Review
Source URL: http://www.beckershospitalreview.com/racs-/-icd-9-/-icd-10/7...