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Kathryn Mayer Kathryn Mayer is Editor-in-Chief of Employee Benefit News. She previously served as EBN’s Executive Editor after joining SourceMedia in January 2016. She has been covering the benefits industry for the past six years, and is currently responsible for developing EBN’s editorial strategy and overseeing the magazine’s and website’s day-to-day operations. An award-winning journalist, she has written for numerous national publications as well as managed a handful of print and online publications. Sponsor Content From Hosted By
Linda Cheung Linda manages SourceMedia’s full-service market research programs. She has 15 years of experience leading primary research studies and providing data-driven insights for business and consumer industries. Linda earned her Bachelor’s degree from the University of Michigan and an MBA in Marketing and Finance from Fordham University. Sponsor Content From Hosted By
Emilie DeBaie Emilie DeBaie received her Bachelor of Science Degree in Health Policy and Management from Providence College. She’s since worked in a variety of healthcare industry roles for both providers and benefits vendors focused on healthcare data analytics. Emilie joined Artemis Health in 2017 as our Solutions Engineer. In this role, she works to design and implement benefit analytics strategies and best practices across multiple teams. Sponsor Content From Hosted By
Background • Online survey conducted in August 2018 among Employee Benefit News audience to better understand the benefits program landscape, specifically the trends and practices in using data –driven solutions • 212 HR and benefits professionals at large employers (5,000+) whose health plans are self-funded Sponsor Content From Hosted By
Benefits Offered 90% Health insurance 88% Retirement (401k) 80% Pharmacy benefits 79% Dental insurance 66% Vision insurance Employee Assistance Program 65% Health, fitness, and wellness incentive programs 58% Smoking cessation 48% Mental health wellness programs 43% 38% Stress management 36% Biometrics screenings 36% Chronic disease management 36% Financial/credit management Weight management 34% Telemedicine 34% Health coaching 33% Health club memberships or on-site gym 33% 26% Nutrition 25% On-site health clinics 23% Fertility coverage and wellness 15% Time management 14% Musculoskeletal wellness program 10% Sleep programs Q: Which of the following benefits does your organization offer to employees? Please Sponsor Content From Hosted By select all that apply. n=212
A term coined by the Institute of Healthcare Improvement The framework calls for: • Improve the patient experience (better care) • Improve the health of populations (better health) • Reduce the cost of healthcare (better value) Sponsor Content From Hosted By
Top Objectives for Benefits 53% Improve overall employee health and well-being 45% Reduce costs Improve employee retention/employee satisfaction 45% 26% Increase engagement/productivity 24% Improve company culture Attract talent 23% 22% Competitive advantage 13% Reduce employee absenteeism 11% Improve worker safety 11% Increase employee presenteeism 10% Customize benefits for specific worker demographics Sponsor Content From Hosted By Q: What are your organization's top objectives when considering which benefits packages to offer employees? Please select up to three. n=212
How organizations are optimizing employee healthcare benefits programs 58% Benefits communications tools/services 47% 57% Health savings accounts (HSAs) 45% 45% Employee incentives 44% 35% Benefits data analytics tool 33% 29% Consultant/advisor resources 25% 27% Mobile apps or health/fitness… Current 27% 24% Decision support tools In 12 months 28% 22% Cost-transparency tools 22% 22% Centers of excellence (COEs) 21% 20% Concierge health advocate 18% 17% Clinical decision support 16% 11% Reference-based pricing 13% Sponsor Content From Hosted By Q: Which of the following does your organization currently use to optimize its employee healthcare benefits program? Please select all that apply for each time period. n=212
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Healthcare Benefit Program Effectiveness (Indicated “Extremely effective”) Budgeting for healthcare spending 40% Using benefits data to drive decision making 33% Engaging employees with their healthcare benefits 33% Predicting or forecasting future healthcare spending 31% Positively changing/influencing employee health outcomes 25% or behaviors Providing targeted interventions for specific worker 23% population health issues or needs Q15 - Now, how effective is your organization in each of the following Sponsor Content From Hosted By areas? Please select one for each. n=212
Significance of Data Analytics Benefits (Indicated as “Very Significant”) Help address wasteful healthcare spending 47% Save money/cuts costs on benefits 44% Help identify and manage chronic diseases 43% Help budget for employee benefits 41% 39% Help manage health outcomes 39% Forecast future healthcare spending Allow us to add new healthcare programs 37% Identify gaps in employee care and wellness 36% Justify our benefits spending to stakeholders 31% Provide customized employee benefits packages 31% Provide user-friendly visualizations/dashboards/metrics 30% 26% Refine our network / Centers of Excellence Q19 - How significant do you think each of the following advantages of using Sponsor Content From Hosted By benefits data analytics is, or could be, for your organization? Please select one for each. n=212
Top Perceived Challenges in Implementing Benefits Data Analytics Solution Data accuracy 36% Security concerns 33% Employee privacy liability concerns 32% Lack of time and resources to implement or manage 28% Providing an ROI for benefits data analytics 28% Cost/no budget for this 26% Lack of analytic skills 19% Overlap with consultant/advisor roles 15% Lack of management support 14% Lack of interest or need for this 14% Lack of information about benefits data analytics 12% Too many data feeds 12% Q20 - What do you see as the top challenges in implementing or using a benefits data analytics Sponsor Content From Hosted By solution at your organization? Please select the top 3 challenges. n=212
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Thank you! Practical tips: • Choose a data partner built around the needs of employers • Look for a tool that provides actionable next steps • Consider the ease of sharing, collaboration, and building visualizations Learn more: artemishealth.com/benefits-landscape Sponsor Content From Hosted By
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