Identifying the Need – Essential Considerations
“Total health care spending is expected to nearly double to $4.6 trillion in 2020, from $2.6 trillion in 2010.”
US Government statement reported by CNN Money 7/27/11
It is reasonable to expect employee health care costs to somewhat parallel this enormous surge.
Understanding that employees’ family illnesses account for approximately 70% of Employer Health Care costs, EHM‘s Health and Wellness Program are carefully designed to filter back into the employees’ home environment. An indirect but significant ancillary benefit here is reduced absenteeism resulting from healthier children at home. Finally here, just learning something new by itself is not necessarily empowering. The old adage of “Knowledge is Power” can only best be realized if that new knowledge is then put into practice for a long enough time to create new and more positive outcomes. The well designed, proprietary ongoing coaching offered by EHM as an option to those employees who would like to go further is created to do just that – to cement the all important continuum of new actions.
The Cost of Procrastination
Although not intended to be drawn to exact scale, the pictorial/graph above shows the widening abyss between the slow-growth business trends predicted by most economic experts, and the certain and alarmingly rapid rise in health care costs thrust upon employers. Up to now, the growing spread between the two lines has been satisfied by redirecting assets out of bottom line revenues. This growing financial challenge represents a threat to the future lifeblood of any organization.
Passing a portion of these costs onto the workforce can relieve a small part of the pressure, but will create a negative ripple effect. Additional new, out-of-the-box methods must now be considered to relieve this strain. The harmful result of neglecting to act in a proactive way will only worsen as time goes on.
This economic challenge has created the genesis of Employee Health Matters, LLC.
For a relatively small investment per employee, our outcome-based solutions are designed to create both short and long-term relief for our client companies. This is achieved through imaginative, proprietary methods of elevating the health of employees and their families.
Many forward thinking organizations like GE have recognized how improving health represents financial opportunities, and have now stepped in this direction. They are already experiencing valuable outcomes that are paying back year after year.
In a recent face-to-face discussion, a prominent, long serving member of the U.S. Congress told EHM’s founder that Washington has growing concerns of the critical issues presented by health care costs. There is an urgent need for unique solutions to this widespread drain on the very survival of many organizations. This Congress member went on to say that EHM is truly unique in its approach, its out of the box thinking, and in the depth of its programs, and offers viable relief to this problem plaguing today’s employment picture.
We encourage your questions on establishing an aggressive and proactive plan for your organization, and we look forward to opening a dialogue of possibilities with you.