Competitive Advantage: 5 ways health plans can help employer customers attract and retain top talent via family health benefits

At a time when over 71% of employers report struggling to attract the talent they need, health plans are uniquely positioned to improve employer and employee satisfaction, as well as health outcomes. How? It starts with reevaluating current family health benefits, with a specific focus on maternity and infant care management. Below are 5 ways these benefits are changing the game for employer customers:

81% of employers plan to expand or improve family benefits to make their organizations more attractive to new hires

1. Enhanced Talent Attraction and Retention: Family benefits are a key factor in attracting and retaining top talent. According to a recent survey, 81% of employers plan to expand or improve family benefits to make their organizations more attractive to new hires. Additionally, nearly three-quarters of employees say they would switch companies to secure better family-oriented benefits.

2. Increased Employee Satisfaction and Reduced Absenteeism: Family-oriented benefits significantly contribute to employee satisfaction and reduce time away from work. A study found that 89% of employees say these benefits directly contribute to their job satisfaction. This leads to a more engaged and productive workforce, ultimately benefiting the employer’s bottom line.

3. Improved Health Outcomes for Mothers and Infants : Comprehensive maternal and infant care management programs lead to better health outcomes. Throughout an employee’s pregnancy, a dedicated case manager works to assess risk and ensure a healthy pregnancy. Should a NICU admission occur, ProgenyHealth’s NICU Utilization Management services have been shown to reduce NICU Length of Stay by an average of 10%, ensuring infants are discharged and transitioned safely to home more quickly. This not only improves health outcomes but also reduces healthcare costs.

ProgenyHealth's NICU utilization management reduces average NICU length of stay by 10% in the populations we manage.

4. Cost Savings through Accurate Claims Management: Effective family benefits programs can lead to significant cost savings for employers. ProgenyHealth’s NICU Payment Validation & Assurance experts found that 30% of NICU claims contain inaccuracies, resulting in savings when reviewed. This is particularly important for employers with self-funded health plans, as it helps manage and reduce overall healthcare expenses.

5. Comprehensive Support and Education: Providing continuous support and education through family benefits programs empowers employees to make informed health decisions. Comprehensive maternity case management and NICU care management provide employees with access to skilled case managers, who act as knowledgeable and trusted partners through every stage of pregnancy and postpartum.

Enhanced Talent Attraction and Retention: Family benefits are a key factor in attracting and retaining top talent. According to a recent survey, 81% of employers plan to expand or improve family benefits to make their organizations more attractive to new hires. Additionally, nearly three-quarters of employees say they would switch companies to secure better family-oriented benefits.

Increased Employee Satisfaction and Reduced Absenteeism: Family-oriented benefits significantly contribute to employee satisfaction and reduce time away from work. A study found that 89% of employees say these benefits directly contribute to their job satisfaction. This leads to a more engaged and productive workforce, ultimately benefiting the employer’s bottom line.

Improved Health Outcomes for Mothers and Infants : Comprehensive maternal and infant care management programs lead to better health outcomes. Throughout an employee’s pregnancy, a dedicated case manager works to assess risk and ensure a healthy pregnancy. Should a NICU admission occur, ProgenyHealth’s NICU Utilization Management services have been shown to reduce NICU Length of Stay by an average of 10%, ensuring infants are discharged and transitioned safely to home more quickly. This not only improves health outcomes but also reduces healthcare costs.

Cost Savings through Accurate Claims Management: Effective family benefits programs can lead to significant cost savings for employers. ProgenyHealth’s NICU Payment Validation & Assurance experts found that 30% of NICU claims contain inaccuracies, resulting in savings when reviewed. This is particularly important for employers with self-funded health plans, as it helps manage and reduce overall healthcare expenses.

Comprehensive Support and Education: Providing continuous support and education through family benefits programs empowers employees to make informed health decisions. Comprehensive maternity case management and NICU care management provide employees with access to skilled case managers, who act as knowledgeable and trusted partners through every stage of pregnancy and postpartum.

Interested in taking a deeper dive on the intersection of health plan benefit design, employer/employee satisfaction, and comprehensive maternity and infant care management?

We invite you to read our latest white paper, Today’s Business Imperative: Prioritizing Family-Focused Benefits.

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