According to the annual survey of the National Business Group on Health, big businesses are gradually integrating digital technologies and treatment services into employee benefits programs. Creating virtual care to curb healthcare costs in an era of rising healthcare costs that have long been the bugaboo for corporate America. Employers ‘ No. 1 goal in 2020 is to implement more provisions on virtual care.
According to the NBGH, a research group that represents large employers, this includes things like behavioral health over video chat, digital coaching, condition management, and sleep therapy. According to the report, overall healthcare expenses are expected to increase by 5 percent by 2020. Actual costs rising grow at a slower pace than the estimate of 5 percent implies, because businesses generally build in a hedge, Marcotte said. Cost inflation in 2018, for instance, turned out to be just 3.6% in 2018, while the forecast was 6%. Digital or virtual care, treatment systems minimize the use of emergency services by delivering front-line care to people lacking connectivity, such as rural communities, or individuals like shift workers and post-partum moms who have difficulty making appointments in person. A new study carried out by Willis Towers Watson showed that 81% of companies are currently offering and intending to provide tele-behavioral health programs by 2020, thus boosting virtual care to curb healthcare costs for employees across different geographies.