Despite the U.S. spending roughly a fourth of GDP on healthcare, the wellness of Americans is still lagging. With 80% of an individual’s health being driven by outside factors of traditional healthcare, benefits leaders are narrowing in on Social Determinants of Health to change the trajectory of the health of their populations.
Is Uncompensated Care Driving Costs for Employers?
Large, white collar employers are likely to provide insurance benefits as a means of attracting valuable employees and retaining this talent. But it’s often argued that employers are also indirectly paying the bill for those who do not have health insurance through a market factor known as “uncompensated care.”
13 Reasons Why You Need a Mental Health Benefits Strategy
Mental health is a hot topic for employers now, and many are struggling to find the right means to help employees get access to quality care. Since May is Mental Health Month, let’s explore 13 reasons why employers should make this a priority in their benefits strategy.
How to Spend Wisely: Specialty Medications
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.
Can Employer-Provider Partnerships Work to Reduce Costs and Improve Care?
It seems like just about everyone has an idea for reducing the cost of healthcare in the U.S. - hospital groups, advocacy organizations, tech startups like Artemis Health, and employers large and small. One such idea that’s gaining traction? Directly negotiating in-network services between health systems and employers, also known as “employer-provider partnerships.”
Artemis Health Raises $8.3 Million Series A Round to Expand Benefits Optimization Platform
Artemis Health, a health data analytics company, raised $8.3 million in Series A funding to empower employers with needed transparency and insights into their benefits data in order to provide better benefits to its workforce.
4 Items to Watch on your Formulary
One of Artemis Health’s most important goals is to help benefits administrators better understand their pharmacy benefits. As the Chief Clinical Officer at Artemis Health, I help benefits teams get a sense for how best to work with their Pharmacy Benefit Manager, how to identify opportunities to eliminate waste, and how to work with data to tell effective stories about pharmacy spend.