“PEPY”. If you do not know what this means, then you may not know what your total healthcare plan spend is per employee per year. It is a critical number to know.
The higher it gets means higher utilization, higher utilization means your population is not getting any healthier.
How is your healthcare plan positioned to improve the health of your population? What medical management strategies are in place to answer the previous question?
We all know what the rule of 72 is, right? It means that if your healthcare plan costs are increasing at 10% per year, your costs will double every 7.2 years. This is fine for your investment portfolio, not for your healthcare portfolio.
Aren’t you ready to start using data analytics paired with a highly developed medical management strategy? The old ways will not cut it anymore!
Contact Midwest Benefit Advisors to have a compassionate conversation on how to improve the health of your population and drive down costs.