Crafting a Cost-Effective Employee Healthcare Strategy
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Healthcare costs continue to be the most unpredictable expense for businesses, creating a challenging dilemma for CFOs. While healthcare benefits serve as a powerful tool for recruiting and retaining employees, the escalating costs are forcing many finance leaders to seek innovative ways to reduce expenses without compromising the quality of care or the attractiveness of their benefits packages.
Anisha Sood is the Chief Financial and Strategy Officer at First Choice Health, and has more than 20 years of experience across the healthcare industry. Anisha joined First Choice Health in 2019, where she oversees finance and strategy, including on the company’s goal to offer more cost-effective solutions to employers. In this episode, Anisha talks to host Melissa Howatson about why healthcare costs are rising, and how providers like First Choice are bringing them down without sacrificing quality care.
Discover how CFOs can seek innovative approaches to effectively manage both healthcare costs and employee benefits expenditures during challenging economic times.
Discussed in This Episode
- Recent trends and changes in healthcare benefits, and factors contributing to rising costs
- How First Choice Health is disrupting the traditional healthcare benefits model through expanded partnerships and reduced administrative costs
- Strategies to mitigate healthcare costs, including how insurers can tailor benefits to an employer’s unique needs, considering factors such as geography and remote workforce
- Balancing the CFO’s need to control costs with the CHRO’s goal of recruiting and retaining employees
- The growing importance of mental and behavioral health benefits in comprehensive healthcare packages
Episode Resources
