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Up to 159 million Americans (52 percent) are covered by employer-sponsored plans. The Affordable Care Act is changing the group health insurance scenario. Employers are concerned about the rising cost of per-employee benefit costs and are expecting their employees to contribute more out of their pay checks to the benefits package. This is borne out by the results of several studies, including ERCs recently published 2011/2012 Policies & Benefits Survey covering Northeast Ohio employers.
Recent Deloitte and the International Society of Certified Employee Benefit Specialists (ISCEBS) research1 indicates that 85% of employers expect new health insurance law to raise per-employee benefit costs. Employees are expected to help employers face this challenge by paying more out of their pay checks to their benefits package. In fact, the focus on controlling healthcare costs is evident: 73% of the employers surveyed said that health care reform will push them to reevaluate their benefits packages over the next 12 months in light of health reform changes. Sixty-two per cent of employers have already made cost-sharing a part of their benefits packages.
Two-thirds of the Deloitte employer respondents are making no immediate changes to their benefit programs and adopting a “wait and see” approach for final healthcare reform provisions that may reduce plan design flexibility.
More controversial was the recent McKinsey & Company survey2 of 1,300 employers in early 2011 which found that 30% said they would “definitely or probably” stop offering employer coverage after 2014. Nearly half of the employers said they would consider alternatives to their current plans, including an insurance option that would only offer coverage only to certain employees.
A survey conducted by the Kaiser Commission on Medicaid and the Uninsured and the Urban Institute3 last year showed that in 2010, employees with coverage contributed a greater share of the total premium, a significant change from the steady share they paid on average over the last decade. In 2010, covered employees on average contributed 19% of the total premium for single coverage (up from 17% in 2009) and 30% for family coverage (up from 27% in 2009).
According to ERCs 2011 survey, Northeast Ohio employers report that the average health insurance deductible paid by employees has risen significantly since 2009. As organizations strive to cope with the increase in costs, they are resorting to greater cost-sharing with employees. The survey indicates that employees’ co-pay amounts and contribution to group health insurance premiums also increased in the last two years.
Competing objectives are complicating matters. Deloitte/ISCEBS rates employers top five total reward priorities as:
Cost of healthcare benefits Employees willingness to share more of the benefit Ability of the benefits program to attract, motivate and retain talent Ability to comply with and adjust to PPACA’s mandate Clear alignment of total reward strategy with business strategy and brand
Private healthcare market in Central and Eastern Europe Report ( ) provides the information on Healthcare Market In Europe.
Private healthcare market in Central and Eastern Europe 2009, Development forecasts for 2009-2011 is a comprehensive informational resource that presents and analyses the latest findings of an in-depth study of the private healthcare sectors in the following CEE countries: Czech Republic, Slovakia, Hungary, Poland, Romania, Bulgaria and Russia. The report provides current data on market size and structure within these countries, while providing incisive analysis of major trends and offering solid projections to 2011. The report also features an examination of major players in the private healthcare market in Central and Eastern European countries. It provides profiles of providers and consumers of private healthcare services as well as data on spending trends for various market segments such as inpatient services, dental care or dialysis care.
This report provides data and analysis on: Recent and current private healthcare market trends until 2011 Size of the private healthcare market in each of the countries Profiles of key players in the health insurance markets and in the health medical subscription markets Private hospitals: number, details and prospects for future growth Analysis of other segments of the private healthcare market: dental and dialysis care Legal environment of health insurance and subscription markets Expected changes in legal environment and their market impact
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From medicines to medical instruments and everything in between, just about every company has adopted a healthcare social media approach. To maximize your success with healthcare social media relations you need a firm with the experience to help you produce high-quality and compelling stories and content, navigate shifting landscapes, anticipate opportunities and swiftly execute communication campaigns for maximum business impact.
Marketing and communication in the medical world require continuous attention given the rapid changes that take place and a large part of a healthcare social media effort should involve monitoring the environment. Consider:
*Technology and markets change very quickly;
*The regulatory environment is continuously shifting;
*Target audiences range from concerned consumers to highly-educated and discriminating physicians, other practitioners, technicians and healthcare executives;
*New trends and new competitors emerge without notice;
*Legal restrictions create pitfalls as much as they provide guidance;
*Breaking industry news can require immediate action;
*A crisis can emerge without notice;
*Businesses and consumers respond differently to stories that can appear one day in industry media and break widely the next day in mainstream media.
Deploying a Healthcare Social Media program is one of the most efficient ways of dealing with this shifting landscape. In addition, healthcare social media is an excellent avenue for patient care and customer service in addition to delivering important product news. One of the biggest issues for healthcare providers is public perception driven by patients. With or without you, the conversations are going to take place. People want to share their stories and experiences. Engage and embrace healthcare social media discussions by having a dedicated staff member canvas the healthcare social media landscape to respond to questions or concerns about programs, medications, doctors, coverage, etc. The days of voicemails and emails have evolved to live online chat options for customers, but utilizing social media feeds like Twitter takes it a step further. Do you have a staff member that can commit to being your Healthcare Social Media Manager?
To truly maximize the effectiveness of healthcare social media involvement, you need a firm that understands that healthcare social media should be an integrated component of a cross-channel marketing strategy. By combining healthcare social media efforts with targeted tactics like updated promotional materials, email marketing, direct mail, event sponsorships, traditional advertising, search engine optimization and paid search, healthcare providers can tailor messaging to both prospects and current clientele.
US healthcare IT market is going through a tremendous growth phase as countrys government is providing requisite support to the industry by providing huge incentives and formulating various regulations. Moreover, there has been introduction of many programs which would provide significant investments in healthcare IT technical assistance and resources to assist providers with adopting, implementing, and optimizing the use of customizable health IT tools and thus enhancing the adoption rate.
According to our latest report, US Healthcare IT Market Outlook 2018, countrys healthcare IT market is witnessing a tremendous growth owing to declining costs of HIT systems implementation, stricter government regulations and huge incentives for implementation. Moreover, current industry trends such as emergence of cloud computing in healthcare IT, growing strategic collaborations and rapid technological upgradation in the industry are also propelling growth in the industry. Considering the above factors, the US healthcare IT market is anticipated to grow at a CAGR of around 10% during 2014-2018.
Our report provides an in dept analysis of countrys healthcare IT industry, including the current and future market size for various industry segments. The report features market analysis of HIT segments (hardware, software and services) coupled with the in-depth analysis of major HIT components. These components comprises of hospital information system (it covers EMR, CPOE, CDSS, MIIS), pharmacy information system and laboratory information system.
Further, our study delves into the potential growth areas of healthcare IT market in the country which would help the client to get deeper information about the industry. In addition to that, various regulations have been covered in the report which are affecting industry growth or may affect in the future.
Also, we have covered an in-depth analysis of competitive landscape covering business overview, key financials, strength & weakness analysis and recent developments of major healthcare IT vendors of the country. Overall, the report provides an unbiased view into the state of countrys healthcare IT industry which would facilitate clients in analyzing the driving forces and understand the existing opportunities in the industry.
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The US Healthcare IT market is witnessing an astonishing growth with escalating healthcare cost becoming a foremost concern today for the US government. As a result, with stricter government regulations and supporting adoption of healthcare IT systems in hospitals, the industry is offering immense opportunities for players involved in the business.
In their latest research study, US Healthcare IT Market Outlook 2018, RNCOS analysts have identified and deciphered the market dynamics in important segments to clearly highlight the areas offering promising possibilities for companies to boost their growth. The market is slated to grow at a CAGR of nearly 10% during 2014-2018. This remarkable growth of the market will likely be driven by rapid introduction of new products, growing government support and declining implementation cost of healthcare IT. Moreover, with cloud computing widely prevailing, the US Healthcare IT market is poised to reach new heights.
In the report, US healthcare IT market has been studied on two main grounds – by segments and by components where segment wise healthcare IT market section covers in-depth analysis of healthcare IT hardware, software and services market and component wise healthcare market analysis section includes study of major healthcare information systems such as EMR, CPOE, CDS and MIIS coupled with pharmacy and laboratory information systems.
The study further delves into the present regulatory environment related to the industry. And it covers a detailed analysis of the potential growth areas which has helped in clearly identifying and highlighting the segments that offer the maximum opportunity for growth in the country.
Finally, with a view to providing a balanced outlook of the US healthcare IT market to clients, our report also includes the profiles of key industry players with their key financials, strength & weakness analysis and recent activities. In a nutshell, the research provides all the prerequisite information for intending clients looking out to venture into these markets, and facilitates them to devise strategies, while going for an investment/partnership in the US healthcare IT industry.
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