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176: Test, fail, and test again: Morgan Health's approach to employer costs

176: Test, fail, and test again: Morgan Health's approach to employer costs

FromRadio Advisory


176: Test, fail, and test again: Morgan Health's approach to employer costs

FromRadio Advisory

ratings:
Length:
39 minutes
Released:
Sep 12, 2023
Format:
Podcast episode

Description

With rising costs and tightening margins, the industry is continually looking for ways to "bend the cost curve" while maintaining, or even increasing, quality and performance. One stakeholder in particular, employers, are feeling significant pressures from inflation, hospital consolidation, the rise of high-cost drugs, and more. While many legacy cost-saving strategies have focused on reducing employer costs, it may be time to shift focus to lowering costs for employees as well.
In this episode, host Rachel (Rae) Woods invites Advisory Board payer expert Max Hakanson and Innovation lead at JPMorgan's Morgan Health Rivka Friedman to discuss what employers can do to rein in healthcare costs, both for themselves and their employees. Throughout the discussion, they discuss why legacy cost-sharing strategies may be insufficient, and what new innovations are showing promise in the market.

Join Rae for a free webinar on Advisory Board's State of the Healthcare Industry. In this webinar, you'll get Advisory Board’s exclusive take on the strategic forces that really matter. Rae will talk about the rise of artificial intelligence and why you should not be asking "what should my AI strategy be?". Save your seat and join Rae on September 18th at 2:00 PM ET.

Links:

Home | Morgan Health
Ep. 165: Employer series: Is the cost of employer-sponsored insurance unsustainable?
Investigating the high costs in employer-sponsored insurance
5 health benefits strategies for self-funded employers
3 things to know about ESI (that you won't find in a benefits survey)


Need a quick answer to a healthcare question? Ask Advisory! Whether it's about where the market is headed, or how to navigate our website our team of experts are just a call or email away. Visit ask.advisory.com or email ask@advisory.com to learn more.
Released:
Sep 12, 2023
Format:
Podcast episode

Titles in the series (100)

Health care leaders just don’t have the time to sift through all of the news, opinions and ideas out there. Making sense of it all is how we can help. Rachel Woods, host of Radio Advisory and seasoned researcher from Advisory Board, talks with industry experts to break down the issues on your mind and offer recommendations on what to do next – each week, in about 30 minutes.