72. Future Proofing Your Health Benefits: A Case Study in Multi-Year Planning w/ Julia Watt

In this session, Chelsea Ryckis and Julia Watt, Director of HR at Medical Technology Transfer (MTT), delve into a case study on "Future-Proofing Your Health Benefits." They discuss how MTT, a 125-employee company, achieved a 67% reduction in claims cost over three years through a multi-year strategic plan. This conversation offers a roadmap for employers of all sizes to move away from the traditional, reactive renewal cycle and adopt a proactive, data-driven approach to managing healthcare costs and fiduciary responsibilities.

What you'll learn:

• How a small employer (125 employees) can implement innovative healthcare strategies often considered only for large corporations.
• The limitations of fully insured plans and the benefits of transitioning to level-funded and self-funded models.
• The importance of data transparency in understanding and controlling healthcare cost drivers.
• How to strategically unbundle your health plan and select vendors aligned with your company's best interests.
• The critical role of a fiduciary PBM in managing pharmacy costs, which are often a significant expense.
• Actionable steps to take control of your health plan, negotiate better terms, and reduce costs without compromising employee benefits.

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Finished with the content? Claim your CE credit here:

https://ideas.ethosbenefits.com/continuing-education

SHRM:
Ethos Benefits is recognized by SHRM to offer professional development credits (PDCs) for SHRM-CP® or SHRM-SCP® recertification activities.

HRCI:
Ethos Benefits is approved to offer HRCI® recertification credits for this program. This program has been approved for 0.5 - 1 HR (General) recertification credit(s) toward aPHR®, PHR®, SPHR®, and GPHR® certification.