Report: 88% Of Employers Are Planning Changes to Health Vendor Partnerships

Employers are most interested in switching up their vendor partners for wellbeing programs, the Willis Towers Watson survey found. About 55% of respondents said they will make changes to their wellbeing vendor partners in 2023 or 2024, while 12% already did in 2022. About nine in 10, or 88%, of employers are planning to make changes to their health vendor partners in the next couple of years, a new sur vey found. Another 46% said they’ve already made changes in the last year. The survey was released Tuesday by Willis Towers Watson (WTW). It received responses from 232 employers with 100 or more employees. Employers are most interested in switching up their vendor partners for wellbeing programs, including physical, emotional, social and financial wellbeing. About 55% of respondents said they will make changes to their wellbeing vendor partners in 2023 or 2024, while 12% already did in 2022.

Medigy Insights

The recent WTW survey shows a shift in employers' approach towards vendor partners for wellbeing programs. 55% of employers with 100+ employees plan to change their wellbeing vendors in 2023 or 2024, with 12% having already done so in 2022. 88% are also planning to change their health vendor partners. The survey focused on physical, emotional, social and financial wellbeing and shows employers are seeking better support for their employees' wellbeing. This trend highlights the increasing importance of comprehensive wellbeing programs in the workplace.

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