CFMA's 2017 Annual Conference and Exhibition


B5 - Controlling Contractor Health Care Costs: The Past, Present & Future


Jun 6, 2017 4:35pm ‐ Jun 6, 2017 5:55pm

Standard: $59.95
Members: $39.95

Description

Controlling employee benefit and health care costs for contractors is critical to profitability, employee satisfaction, and financial forecasting in the bid process. The advent of Total Cost of Care (episodic cost management vs. typical PPO networks) is ushering in a new era of contractor sponsored health care and cost management. Over the coming years, employers will witness a shift in the traditional "PPO and POS” networks offered by insurance carriers and administrators that will significantly impact a range of benefit offerings and cost control measures historically utilized by employers. Using case studies and specific financial measures, this session will cover the historical “supply side” of employer sponsored health care arrangements and how the next 1-3 years will impact the employer and employee health care paradigm. This session will teach contractors the financial management tools of the coming era in employer-sponsored health care and ensure that the continued offering of this benefit is a viable financial option.

Learning Objectives:

  • Redefine how wellness programs will work in the new world - and the contractor mandate due to recent data on workers compensation and obesity.
  • Identify and learn the new tools in managing health care costs for contractors.
  • Define strategic roadmap for next 1 - 2 years for health plan - and handling ensuing Human Resource/recruiting and retention discussions.
  • Define "Total Cost of Care" and how it is changing the employer health care/medicare landscape.
  • Define and update the current & future market realities ("Obamacare" public exchanges, penalties and compliance).

Speaker(s):

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