Three Ways CEOs Can Fix Company Healthcare Plans

CEO of Orriant. Helping CEOs lower costs and increase productivity by aligning healthcare to work for them instead of against them. Imagine if the healthcare system focused on the needs of the individual rather than financial gain. There would be far fewer clinic visits and hospitalizations if the system invested more in assisting individuals in taking control of their health and living healthier lives. This approach, supporting each individual’s health aspirations versus fixing problems when they arise, has been proven to be far more effective, both improving health and costing less. CEOs can fix company healthcare plans through three simple strategies: alignment, choice and relationship.

Most CEOs fumble their fiduciary responsibilities by allowing enormous perverse incentives to exist throughout the healthcare system. By instead defining their business objectives for buying healthcare and then aligning all parties involved to support those objectives, CEOs could get what they want. Simply align your internal team as well as your external consultants to work for you. Reward them when they help you meet your business objectives. This requires implementing monitors to measure how well you are reaching your objectives.