Nipping issues in the bud before they get into the unpredictable and skyrocketing costs of in-person care is extremely cost-effective. And if your issue needs in-person care, arranging the most convenient and cost-effective solution for employees simply saves time and money. Access is the best form of cost prevention. By making healthcare easy to access, 70% of issues can be solved virtually without insurance claims and the rest are personally directed to the most appropriate specialist or facility. It's hyper-efficient healthcare. And efficiency is cost-effective.
Here's how employees use and spend on healthcare in your company:
How does in-house, convenient first-dollar care save on the total cost of care?
- For the Super-Healthers 50% of people that spend $200 or less per year, it doesn’t. It’s a convenient benefit they’ll use once a year.
- For the Utilizers, the 40% of people who spend ~$5,000 or less per year, it will reduce the number of employees who spend their entire deductible. Usage/engagement is key in this group. This is where Sherpaa focuses and shines.
- For the Hyper-users, the 10% of people who spend 65% of costs, it can organize their care and prevent any unnecessary usage. Again, usage and engagement is key and also where Sherpaa focuses. But honestly, this is also the most difficult given that most of this care happens inside the walls of hospitals and ERs.