According to a recent news article by medicaleconomics.com, the US spends approximately $1.3 Trillion more on healthcare than the average country. The average being approximately 10.6 percent of the gross domestic product (GDP).
In order to approach this reduced level of spending without affecting the quality of care, a few shifts are required:
1 – Hospitals must be used only in life-threatening emergencies. Designing plans that encourage the use of primary care as a first-tier of support is key.
2 – Make care closer to home or work. Using technology to make appointments quicker and easier and creating more convenient care centers will help patients keep appointments without risking a loss of income.
3 – Cost transparency. Making it easier for patients to understand what they’ll be charged and where their money will be most effectively spent is important to reduce overall spending.
4 – Ensuring pre- and post-care is obtained. Healthcare is an ongoing engagement and using technology to ensure that patients adhere to all necessary care can greatly reduce re-admissions and relapses.
If you want to learn more about leveraging these tips with your healthcare plan, please contact us today to discuss the programs PEG Benefits has available for healthcare cost reduction.