You might have already noticed significant changes in the healthcare industry. But there’s a whole lot more to come in the future. Specifically, we’re talking about how the specialty vendor healthcare market will be shaking things up.
The paternalistic health insurance model is outdated. Specialty vendors are entering the market at a rapid rate in order to meet the needs and answer the demands of health plan sponsors and employees alike. No longer will you need to choose among only 10 group insurers for employee benefits. You’ll soon have greater choices, more flexibility, and the potential for a higher ROI.
This change in the employee benefits market could help your company:
- Better manage employer provided benefits costs
- Enhance your employees’ engagement and health outcomes
- Improve healthcare navigation
Though you should be excited about this shift to specialty healthcare providers, you should also be prepared. The disruptions to the healthcare market are coming quickly. You’ll need to find a way to manage vendors and find time to better understand best-in-class technology to stay ahead of the curve. You’ll have to consider factors you may have never had to think about before, including predictive modelling and diagnostics. You’ll have to determine exactly what type of help you’re going to need to successfully adapt to these transformations, learn how much cost savings are to be generated, find out how the changes might impact your talent management strategy, and so much more.
Don’t worry, though. Our predictions for the future of the specialty healthcare vendor market will arm you with the knowledge you need to predict and create an effective strategy to take advantage of all this new market will have to offer in order to succeed in the future of healthcare.
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