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.
Steve Hartman of CBS News’ On the Road is a masterful story-teller. He has a way of capturing the essence of the stories of the people he meets and turning their unique backgrounds into something we all can relate to. This feature on a family affected by recent hurricanes in Texas is no different. Hartman does a wonderful job of highlighting the joy of helping and inspiring others during this holiday season. We hope you enjoy it as much as we did.
Since September, the Predictive Health Partners team has been working tirelessly to develop, test and fine-tune our intellectual property and business model. Predictive Health was one of the 18 statewide organizations selected to learn from top entrepreneurial minds through the University of Iowa Venture School. At the end of the course, our team was given the opportunity to present a business pitch to a panel of judges and compete for awards and prize money. After advancing to the final round of the competition, Predictive Health was presented with the Judges Choice award, winning $500.
I recently had the rare opportunity to meet with the youngest of "Schindler's Jews," Holocaust survivor, Celina Karp Biniaz, who was saved by Oskar Schindler. At only 13, Celina was marched into Auschwitz alongside nearly 300 women. Now 85, you’d never guess her story began with such trauma and despair, especially while listening to her youthful outlook on life, her message of forgiveness, or her acceptance of others' opinions and hope.