For this internationally recognized industrial materials manufacturer, rising healthcare costs above industry trends were becoming a major challenge. With a predominantly male workforce, high spousal plan participation, aging demographics, and low turnover, the company's health plan costs kept climbing. They knew they needed to get healthcare spending under control, but not at the expense of supporting its most valuable asset - its talented employees.
They partnered with HealthCheck360 to develop a multi-year strategy, emphasizing health management and incentives, which led to 85% participation by year four, saving $1,062,894.
At no extra cost to employees, the five-year plan achieved the following:
- Savings of $1,062,894 for all programs. The cost of the HealthCheck360 programs totaled $387,320.33.
- Participants in the screening program experienced lower claims of $650 per member, leading to over $214,000 in paid claims savings.
- Members who are compliant with managing chronic health conditions saved over $340,000 by taking a proactive approach toward care.
The multi-year investment paid off with overall health plan savings of over $1 million. This leading manufacturer's journey shows that making employee wellbeing a priority can yield impressive results for an organization's healthcare costs and workforce.
Check out this full case study today to learn how:
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Engaging incentives resulted in a 73% participation rate among plan members.
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Effective communication and program positioning were crucial for employer success.
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The client achieved $1,062,894 in health plan savings.
Dive into the full case study today to uncover more insights today!
