Employers are becoming increasingly aware that healthcare benefits are purchased in a fragmented way and duplications often exist. With a more integrated approach, better value can be achieved not only in terms of costs but also better employee communication and reduced employee risk.
Fitness Test reviews all healthcare cost drivers within an organisation and assists employers in fully understanding contractual promises, benefits in place, duplications and communication.
Gissings Healthcare and Risk Benefits Fitness Test assesses the investment that employers make in their benefit schemes and examines:
Whether benefits match corporate objectives
Whether the benefits are integrated and cost efficient
If any of the benefits duplicate
If there is a way to reduce adviser and administration costs
John Dean, Director of Healthcare and Risk at Gissings says: Organisations provide healthcare benefits for a number of reasons including to stay competitive, reduce liability and to provide vital support to employees in times of illness. If healthcare benefits are not carefully managed and understood, employers are not achieving best value for their spend.
The test involves examining the objectives behind benefit provision and an audit of the employer’s current approach. It looks to reduce the gap between promised benefits and those received. In addition to these services it will look at the tax implications of providing the benefit and the employees’ satisfaction levels.
Gissings launches healthcare and risk fitness test
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