Stretching the Health Benefits Dollar

Maximizing Return on Employee Health Spending

Topics: Cost Savings, Administration and Finance, Budgeting, Capital Planning, Employee Health and Wellness, Human Resources, Compensation and Benefits

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Questions This Study Addresses

  • What innovative approaches have institutions undertaken to increase generic drug utilization?
  • Among the multitude of incentives we can offer to increase participation in wellness and/or disease management programs, which have been the most cost effective? 
  • What innovative programs have other institutions deployed to manage the top five percent of highest-cost employees?
  • Without visibility into our health benefits data, is there universal insight into the most prevent chronic conditions that exist among employers for which we should develop a disease management program?

Executive Summary

Faced with unprecedented budget pressures, most universities face the difficult challenge of finding meaningful and permanent cost savings across the next few years. And, similar to other employers, universities are struggling to continue providing health benefits to faculty and staff given the escalating cost of coverage. Even though some universities have seen moderation in cost increases in the last few years, most realize that this is likely a temporary pause in the upward climb.

This study includes quick-win ideas and high-ROI tactics to manage health benefits costs in an era of reduced resources.

  • Check out our Disease Management Investment Guide

    Members of the Business Affairs Forum, log in to read Chapter Six, which includes our guide for targeting disease management programs most likely to deliver financial return. Access the guide.

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