Improved data integration allows for better tracking of health outcomes and the effectiveness of employee health programs, leading to more informed decision-making and cost savings. Electronic health records (EHR) and data integration enhance the coordination of care and streamline health management.
Predictive analytics can improve health outcomes and reduce costs by predicting chronic disease onset and tailoring interventions. AI and predictive analytics are being used to personalize employee health plans and identify potential health risks. A survey by HealthITAnalytics found that 93% of healthcare organizations believe predictive analytics is crucial for future healthcare management.
Digital health apps provide employees with tools for managing health conditions, mental health support, and overall wellness. In a survey by Mercer found that 59% of employers offered access to digital health management tools in 2021, up from 52% in 2020. Further as per the data reported by The Business Group on Health, 86% of large employers offered tele-mental health services in 2021, highlighting the growing recognition of mental health as a critical component of employee health benefits.
Authors:
Mariam Faizullabhoy, Gauri Wani
Frequently Asked Questions (FAQ) :
The U.S. employee-sponsored healthcare market was valued at USD 586.7 billion in 2023 and is expected to exhibit 3% CAGR from 2024 – 2032 due to the increased availability of telehealth services.
The large-scale organization segment in the U.S. employee-sponsored healthcare market is expected to reach USD 361.9 billion during 2024-2032 owing to the increasing integration of advanced healthcare solutions.
East South-Central market accounted for USD 149.6 billion revenue in 2023 due to the increasing need for employee-sponsored plans.
Anthem Insurance Companies, Inc., Blue Cross Blue Shield Association, Cigna, ComPsych, EXOS, Highmark Inc., Health Net of California, Inc., Independence Blue Cross, Kaiser Foundation Health Plan, Inc., Marino Wellness, Nationwide Medical Insurance, and Privia Health.