Recruit, Retain, Reduce Costs: How a Home Health Company Overcame Their Health Insurance Woes
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About this webinar
Gallagher Home Health Services, a leading provider of in-home care, faced significant challenges due to rising healthcare costs, the fallout of the COVID-19 pandemic, the changes for Medicare reimbursement and insurance revenue streams, and the limitations of traditional group health plans. The company's diverse workforce, comprised of 75% remote field staff and 25% office-based employees, required a flexible and cost-effective benefits solution.
Highmark and UPMC, the primary insurers in their area, were proposing renewal rate hikes of 10-20%, making it increasingly difficult to maintain affordable and satisfactory health coverage for their employees. The combination of a competitive job market, high insurance costs, and the need to offer appealing benefits to attract and retain talent created a perfect storm of challenges for Gallagher Home Health Services.
By implementing an Individual Coverage Health Reimbursement Arrangement (ICHRA) through Take Command, Gallagher Home Health Services was able to:
- Reduce healthcare costs by controlling expenses and avoiding unpredictable premium hikes.
- Improve employee satisfaction by offering personalized health plans that meet individual needs and budgets.
- Enhance recruitment and retention by providing a competitive benefits package.
Join us to learn how Gallagher Home Health Services overcame these challenges and transformed their benefits strategy for the better.
Key Takeaways:
- How to navigate the complexities of healthcare costs in the home health industry
- The benefits of implementing an ICHRA for a diverse workforce
- Strategies for improving employee satisfaction and retention through personalized benefits
