Healthcare costs are on the rise, and more than ever, businesses must remain strategic when it comes to assembling their benefits package. Will Spong discussed this trend with In Business magazine, providing insights into the factors contributing to the increase and tips to help businesses stay competitive while keeping costs manageable.
In the article, Will outlines the key drivers of healthcare costs, from inflation and drug prices to the growing demand for specialized care. He also explains how businesses can improve their healthcare processes through avenues like billing reconciliation and employee plan advocacy. Additionally, he discusses creative ways employers can keep employees engaged with their benefits.
“The bottom line: An informed workforce is an educated workforce,” Will said. “Simply putting in the requisite effort to get employees fully engaged and understanding their benefits goes a long way to lower costs for all.”
Will is the Managing Director of Employee Health & Benefits at Marsh McLennan Agency’s Scottsdale office. With extensive experience in employee health and benefits, Will works with businesses of all sizes and industries to develop comprehensive benefits strategies, focusing on innovative solutions that meet the evolving needs of today's workforce while controlling costs.
Read the full In Business magazine article for more insights.
