Everyone knows unhealthy behaviors can be costly. Now some of those costs have been calculated into dollars. The Thomson Reuters Workforce Wellness Index estimates that employers spend an average of $670 annually per employee on medical care and pharmacy around six behavioral risk factors, with the top cost drivers identified as: Obesity /body mass index ($400), High blood sugar ($150), Tobacco use ($100).
In March healthcare added another 37,000 jobs – the most so far this year, according to the U.S. Bureau of Labor Statistics…. Even with the new jobs being created, healthcare – like other fields – needs to be carefully considered before a potential employee accepts a job.
With the current focus on supply costs, inventories, and productivity, we sometimes overlook the fact that the senior HR leaders in healthcare have the responsibility to strategically manage the most significant and largest expense and resource of any healthcare organization -– the people who provide the care and service. Even though the CFO does not have complete control or influence over supply costs, it remains their ultimate responsibility to make sure the costs are managed efficiently and wisely. Likewise, the CHRO has the added responsibility of dealing with the tightly intertwined cost of people and the impact any decisions will have on the motivation and engagement level of individuals with emotions and concerns.
White Paper Summary Workforce planning must take into account the availability of the health workforce. It is necessary that health sector employers work closely with the education institutions to produce graduates that meet the competency requirements for employment. The proper skill mix
Article Summary One of the many upcoming changes in the new legislation will be the 2014 requirement that large organizations offer “full-time” employees and their dependents the opportunity to enroll in minimum essential coverage under an employer sponsored insurance plan. It is
Article Summary In the wake of passage of the Patient Protection and Affordable Care Act (PPACA), health care costs continue to mount for employers, according to Towers Watson surveys of U.S. employers conducted in May and August of this year: The anticipated
White Paper Summary The United States is facing an unprecedented crisis in access to care and rising health care costs…. Employer-sponsored health insurance has been declining for almost a decade, but the recession accelerated the drop-off in companies offering coverage. There are
Article Summary More than 51 percent of the current workforce is age 40 or older – a 33 percent increase since 1980 – and 40 percent of the U.S. nurse workforce is age 50. As nurses age, retire or find employment outside
Article Summary Yes, healthcare job growth was slower than in years past. Bureau of Labor Statistics preliminary data show the healthcare sector created 267,000 new jobs in 2009, including 22,000 payroll additions in December. That’s a considerable drop from 2008, for example,
White Paper Summary There was a time when the health care market functioned much like other markets… [A] kind of two-party, market-based transaction [that] rarely occurs in today’s health benefits marketplace. In its place is a consumption process that involves many third