Many companies offer health benefits with the right intentions. They want to support their employees, stay competitive, and provide quality care. But even with a solid benefits package, your company might still be missing out on valuable savings.
At Prodigy Benefit Management, we help businesses find savings that are often overlooked. These savings do not require cutting benefits or lowering the quality of care. Instead, they come from encouraging employees to take control of their health, leveraging data to make recommendations, and educating them on lifestyle changes or preventative care that may reduce costs.
Key areas where companies often leave savings on the table:
Not Using Preventive Care to Its Full Potential
Preventive care is one of the easiest and most effective ways to avoid high medical costs. If your plan or supplemental benefits don’t encourage early screenings, checkups, or wellness activities, you may spend more later. Encouraging wellness screenings and regular checkups can help catch health issues early and keep costs from rising.
Skipping Predictive Analytics
Predictive analytics uses past data to determine who may be at risk for serious health issues. With this information, employers can offer help early and avoid future claims. Companies that do not use this approach often face higher long-term costs.
Not Helping Employees Use Their Supplemental Benefits
Even the best plans only work when people know how to use them. Many employees are unsure what is covered, where to find information, or how to get started. Simple education tools, like welcome kits or short videos, can help employees make smart choices and reduce unnecessary spending.
Our Take
At Prodigy Benefit Management, we believe that employee benefits should work smarter, not just harder. Most companies can lower costs and improve outcomes by making simple changes and using the right tools.
See how the Paradigm Health and Wellness plan can help supplement existing benefits packages to encourage employees to take charge of their health, preventative care, and lifestyle, helping employers reduce healthcare costs and lost productivity.
