Healthcare Management in the US Companies

Personnel health is the most important resource in any company. In economically developed countries, healthcare management is considered as one of the most important methods by which HR departments can minimize company costs and stimulate employees.

Companies have been using healthcare management for decades. Specialists have long calculated that a sick employee costs business much more than saving on working conditions.Healthcare Management in the US Companies

For example, our Merchants Bank cares of employees' health by undergoing a regular medical examination in the following medical institutions:

Our institution sends our customers to the most reliable online pharmacies and regular drugstores to buy drugs. These institutions:

Statistics

So, in the USA, according to Cornwall University estimates, large staff “eat up” about $180 billion annually from company income. Tired of spending money on treating employees, large international companies back in the early 2000s. began to demand from their HR departments the active implementation of healthcare management principles in the corporate structure. According to Cornwall University, the labor losses of the 100 largest American companies in terms of one employee decreased from 7.8 days to 3.5 days for 7 years of implementing healthcare management programs.

World practice shows that properly organized management of employee health can reduce the incidence in the team by 40-50%, the number of days of incapacity for work by 20%, increase the detection of chronic diseases by 10-15%, and as a result, reduce the average period of temporary incapacity for work by 30%. According to the British insurance company Bupa, the productivity of healthy people is 20% higher, which brings hundreds of millions of dollars in additional income.

Healthcare management is a complete corporate system. Previously, it was part of the personnel management services, but recently, it is an independent unit with a wide range of functions. This is not only the functions of daily monitoring of employee health, not only monitoring and periodic prevention, but it is also a kind of risk assessment and planning service. Healthcare management includes:

  • complementary health insurance;
  • corporate psychologist funding;
  • fitness counseling;
  • gym classes;
  • smoking and stress management programs.