Approximately 77% of employers spend 16% or more of their total healthcare budget on pharmacy benefits for their employees. Let's dive into one of the most expensive types of drugs - specialty medications.
Six in ten adults in the U.S. are struggling with a chronic disease according to the Centers for Disease Control and Prevention. And four in ten adults are suffering from more than one chronic condition. These statistics are alarming for benefit leaders who are trying to manage rising healthcare costs. See how they're doing it with data.
With the rising popularity of telemedicine services, benefits teams are also tasked with making sure they’re getting the most from their investment. Here are a few ways our customers are using data to track the success of their telemedicine benefits.
Some benefit professionals are working on puzzles with the pieces missing. They tell us, “We have our carrier reports, so we don’t need a data partner.” But if you’re relying on carrier reports, you aren’t getting holistic, actionable insights.
Galileo suggested that we “Measure what is measurable, and make measurable what is not so.” Easier said than done. Because every business and population face unique challenges, unique situations, and unique needs, it’s a big ask to “make measurable what is not so.”
You’ll find members suffering from low back pain in just about every member population, and it can be a high-cost condition for both employers and employees. Here’s how we’re addressing it with benefits data.
When you rewatch the classic holiday movie “Home Alone” as an adult, it’s hard to understand why those burglars were so persistent. Sure, little Kevin and his house made a great target, but one might think after the first BB-gun shot to the face, you’d find an easier target (and seek care at an emergency room).
Time and resources. It’s one of the top five things we hear from employers when we ask why they’re not using a benefits data tool. However, even with the barrier of time, 89% of employers said they’re very likely or somewhat likely to use benefits data analytics in the next 12-18 months.
With healthcare costs rising each year, the obvious temptation is to roll costs onto employees.While we do see this concern around costs among our clients, Artemis also talks to a lot of employers, consultants, and brokers who are instead finding ways to reduce costs without affecting employees. So how are they doing it?
I’ve dedicated my career to ensuring a great experience for customers. It’s a passion for me. I believe any organization that puts the needs, desires, and experiences of customers first is one that will succeed. So how can healthcare put "customers" first?