With senior executives consistently declaring that controlling health care costs is a top concern, why haven’t they been satisfied with their efforts to do it? More senior executives, who have not previously reined in these costs, will be forced to initiate or revisit this issue.
While tackling the issue of health care costs, employers will also be dealing with health care reform and the instability of a slowly recovering economy this year. There is no debate that health care costs have been rising every year. Given that this issue has been around for more than a decade and employers have not yet been able to make any meaningful impact, the obvious question is: What are employers doing about health care and what should they be doing to control costs?
Optimatum Group LLC is a vendor management firm that focuses exclusively on the HR supply chain. Our turnkey solutions improve financial and operational plan performance through our multidisciplinary approach, including forensic analysis and maintaining existing vendor relationships, while increasing transparency and accountability.
Through our Employer-sponsored Health Care Group, clients reap direct efficiencies of 10-12% of their health care costs within one year, and 5-7% in subsequent years.For organizations with an edict of expense management, coupled with a culture of strong vendor management, Optimatum drives solutions at a time when wastefulness is a luxury we can all no longer afford.