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MedBen WellLiving Clients See Lower 3-Year Cost Trend

06/16/17

  08:15:00 pm, by MedBen5   , 210 words,  
Categories: News, Wellness, Reporting, Cost savings, Hypertension, Population health management

MedBen WellLiving Clients See Lower 3-Year Cost Trend

Mike Ketron

By promoting employee wellness, MedBen WellLiving clients are realizing significantly lower health care costs. From 2014 to 2016, employers that integrated WellLiving into their health care package experienced just a 1.6% trend, compared to 8.5% trend for non-WellLiving clients.

Reported at a recent MedBen University roundtable, MedBen noted that even though medical utilization is higher for WellLiving clients (due mainly to a higher volume of wellness exams and preventive care-related doctor visits), clients keep overall spending lower through diagnoses of diseases at their earliest stages.

MedBen employers that offer WellLiving also benefit their bottom line by reducing incidences of chronic conditions that require ongoing and costlier care. A new report from health advocacy organization The Partnership to Fight Chronic Disease (PFCD) says that hypertension, high cholesterol, and other common conditions will cost the U.S. $42 trillion between 2016 and 2030. Americans with five or more chronic conditions make up 12% of the population but account for 41% of total health care spending.

By complementing preventive care with individualized treatment for those at higher risk of developing chronic conditions, MedBen WellLiving focuses on ways to help your entire employee population realize better health and lower costs. Take the first step to promoting a healthier, more productive workplace by contacting MedBen Vice President of Sales & Marketing Brian Fargus at bfargus@medben.com.

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