Tips a Fortune 500 Company Used to Cut Healthcare Costs

A fortune 500 client (who will remain anonymous)• Employees must trust the source in order to
is a global manufacturer and marketer ofbe successful.
high-quality foods and simple meals including soup,• Target the top 21 expensive and complicated
baked snacks, and healthy beverages. Thisconditions, mostly heart disease related.
company employs over 8000 workers and• Employees must have access to medical
provides employee benefits. This company, likeproducts and research information specific to their
many other employers was struggling withdiagnosis.
healthcare costs and related medical quality issues• Phone and internet service that provides
linked to employee lifestyle. Many employeescomprehensive decision support.
have recently been diagnosed with high cholesterol* These tips were formulated for this company
and blood pressure. Many of these diagnoseshowever they can be used for all companies
have been linked to obesity.looking to save money in health care costs.
Business ChallengesHealth Care Saving Conclusion
The challenge this company is facing is that threeAfter initiating these tips for a successful strategic
percent of the employee population drove overapproach, this fortune 500 client was able to
50% of healthcare costs. A key strategic decisionachieve a $3:1 ROI in healthcare costs saving. This
was made to actively involve consumers throughfortune 500 company also saw that 88% of its
their medical decision making process.employees became more involved in decision
A Strategic Approachmaking, 76% improved communication with
The challenge of informing employees about theirdoctors, 85% improved peace of mind as a result
medical decision making has now been outlined. Aof the new information gathered. Finally and most
strategic approach is to be initiated to reach theseimportantly, 93% of employees indicated that
goals. The following tips outline was used inrequesting this information saved them time in
consideration when approaching the goal.researching their illness.