Becker's Healthcare June 11, 2018
Spending on employee health benefits has risen about 5 percent annually in recent years, with U.S. employers expected to spend approximately $738 billion to cover employee healthcare costs in 2018. To help drive down these costs, several major companies are getting more involved in managing their workers’ health.
Here are six things to know:
1. Several major companies have entered direct contracting agreements with health systems as a way to gain more control over employee health benefit design and to realize savings.
2. Instead of looking to health insurers to help control the rising cost of employee health benefits, Cisco Systems, an IT and networking company, directly contracted with Palo Alto, Calif.-based Stanford Health, according to Reuters.
3. Stanford Health physicians...