Predictive Health Partners is excited to announce the newest addition to its advisory board, Dr. Mike Case Haub, PharmD. Mike, an industry leader in the field of development and implementation of pharmacy clinical services, will bring a unique perspective on the impact of pharmacy on individual health and the healthcare crisis in America.
For most executives, thinking about their company’s healthcare expenses is more troubling than nearly any other topic. The process of healthcare risk management is archaic and reactive at best. It tends to be an annual review of how money was spent tied to preparing for healthcare cost increases.
On July 4, 1776, a group of 56 brave men became treasonous rebels — at least, in the eyes of their ruler — to fight for something we so frequently take for granted: freedom. You might understand why Americans celebrate Independence Day, but you might not know the impact this stand for freedom had on the rest of the world. That July 4th didn’t just inspire our Founding Fathers to fight for our new nation, it inspired people around the world to take their own stand for their freedom — changing the course of human history. Since then, freedom has become what we all aspire to obtain in nearly every aspect of our lives.
Memorial Day can mean many different things to Americans. For some, it’s a day of fun with the family, enjoying a picnic or grilling out. It’s the day children flock to their local swimming pools. For many, the last Monday in May is the unofficial start of summer; the day they can finally break out their white wardrobe. It seems that we may have forgotten what inspired the holiday in the first place. For others, however, the true meaning of the holiday is all too personal.
Gallup released their list of 2018’s biggest healthcare trends last December. According to Gallup, these five disruptive forces also present promising opportunities for healthcare leaders to improve patient, employee and business outcomes. How are you doing in capitalizing on these opportunities? How can you be on the right side of these trends?
First, if you feel overwhelmed or uneasy about today’s healthcare industry, you’re not alone. When asking U.S. adults what they believed to be the most important problem facing the country, Gallup found healthcare among their top two concerns. This should tell you a lot. Employees are as concerned as employers about the healthcare problem, which may surprise some executives.
Did you know that 78% of your employees don’t understand their benefits and 59% don’t know how to use them? That’s the worst of both worlds: poor consumerism and reactive healthcare. What if it was your customer who didn’t understand your product or how to use it? Would you even stay in business? We fail to think about employees as consumers, or at least we used to. Recently, innovators in healthcare technology have been working to change the status quo.
Iowa Spring Manufacturing of Adel, Iowa and its subsidiary, Southern Atlantic Spring of North Carolina, are launching an innovative initiative to help employees save on their healthcare costs. With the help of Predictive Health Partners of West Des Moines, they are providing employees with a virtual healthcare concierge on their smartphones to help them be better consumers of health insurance and better managers of their health.
There is a growing trend in our country’s healthcare system; many companies are shifting more of the burden of uncontrollable health care costs to employees, from higher deductibles to increased out-of-pocket costs. Makes sense, right? When faced with a 10% increase in forecasted costs, companies believe their best option is to have the insured employees share in that increase. While this may seem logical, many do not realize two significant problems that will be disastrous in the long run.
It’s no secret that 2017 will leave many with mixed emotions. It was a year with both great tragedy and great triumph, and Predictive Health Partners can personally attest to experiencing both. However, 2017 will always have a special place in our hearts.