Employers of all sizes are considering onsite and near site healthcare as a method to expand access to care, while providing their workforce with the same great quality of care they’re used to. According to the National Business Group on Health, it is estimated that nearly 2 out of 3 large companies offered onsite and near site health centers in 2020. In this blog, we’ll discuss the benefits of onsite and near site facilities and why companies are continuing to adopt this model moving forward.
Alternative Reimbursement: You Can’t Pay Less For Healthcare Unless You Pay Less For Healthcare
Thursday, June 10, 2021, 2:00 PM ET / 11:00 AM ET
The only way to pay LESS for healthcare is to pay LESS for healthcare. This simple statement sounds obvious but is ignored by most employers as reflected in their health benefits. For years, we have depended on the carriers to negotiate the price we pay for healthcare, having a more direct and transparent reimbursement (provider compensation model) is the key to immediately lowering your health benefits cost.
In a post-COVID world, even zero change in employees’ healthcare costs will likely still result in them spending a greater percentage of their income on healthcare. Why? Most household incomes are down so the focus shouldn’t be on maintaining the status quo, but on fighting to reduce overall costs and expenditures.
Managing the costs related to health benefits is crucial to executive teams. A study performed by the Agency for Healthcare Research and Quality shows that over 85% of health care spend can be associated with chronic disease. Onsite clinics allow employees to manage both chronic and acute illnesses, reducing the need for expensive operations in the long term.
With a health center onsite or near their workplace, employees are provided with a convenient option to receive care. Rather than spending hours travelling to and from a clinic, full-time workers are better able to fit appointments into their already busy work schedule. According to CDC data, approximately 158 billion dollars in productivity is lost every year due to employee sick days. Establishing onsite health clinics will lead to better overall health of the workforce, while drastically reducing employee absenteeism related to medical care over time.
Improved Company Culture
In the current climate, job seekers are not only comparing salaries between potential employers – company culture plays a massive role in their final decision. Creating a culture of health also helps retain top talent as well. 80% of employees would prefer better health benefits over an increase in pay. Investing in healthcare through onsite clinics will strengthen company culture and establish the employer as a company that’s concerned with the health of their employees.
Numbers don’t lie – the statistics prove that employers who decide to implement onsite and near site health clinics for their full-time workers save money and improve the overall morale of their entire workforce. These benefits aren’t only seen on the company balance sheet, but the everyday environment of the workplace overall. When employers are looking to expand access to care, onsite clinics are a clear winner for the betterment of all parties involved.