For more than 30 years, I’ve had the privilege to lead some amazing companies – privately-held, publicly traded, union, non-union, dozens of employees, thousands of employees, millions in revenue, billions in revenue – in a variety of market segments ranging from Waste Management to FinTech.
My story and perception of health benefits are like many C-Suite executives: As health expenditures rise, it can negatively impact both corporate earnings and employee compensation. As benefit costs increase employers are forced to consider plan adjustments, increase employee contribution, and decide how big of a hit the company can absorb to its bottom line and remain competitive in the market, leading many C-Suite executives to think health benefits are broken, impossible to fix, and an uncontrollable expense.
Over the past few years, I have interviewed some of the most innovative people in the healthcare space. What I learned is that health benefits aren’t broken; they’re simply working the way the system was designed. The good news is it doesn’t have to be this way. The strategies and solutions to provide a high-performance health plan for employer-sponsored plans already exist.
Employers and unions have paved the way by pioneering strategies and solutions to reduce their spending 20-40% while improving the quality of care. Some of the leading brands in America have validated the framework which has increased bottom lines, improved health and helped families increase household income.
Businesses are frustrated with the status-quo and want to manage their #2 expense just like any other line item on their P&L.
Hard working Americans deserve access to high quality & affordable healthcare.
The stakes are rising for employers! Cost is just the tip of the iceberg. Plan sponsors are now being put under the microscope with the latest ERISA and CAA legislation. These provisions have increased corporate risk and pressure to enhance compliance.
Benefits Revolution is an executive brief highlighting tools and resources employers need to build a high-performance health plan. This is the place to learn more about what innovative American businesses are doing to gain control and take action of their health plan.
Join us on our journey as we share the blueprint to fixing healthcare, one plan at a time.
Glenn Fisher
CEO, NavMD
About NavMD
NavMD partners with Benefit Advisors, Consultants, TPA’s, and Employers to revolutionize healthcare one plan at a time. Join us so WE can provide better health, better value, and better care to 157 million Americans.
