Employer Solutions
Do not accept that your healthcare spending will inevitably increase.
We provide straightforward solutions to bring your company’s health expenses back under control and give you an actionable plan to decrease your healthcare spending up to 10% annually.
As an employer, you are faced with the challenge of managing rising healthcare costs while ensuring that your benefit plans deliver meaningful value to your workforce. The key to success lies in proactively identifying employees at risk of future health issues and supporting them in improving their health and well-being.
At Converging Health, we provide you with innovative tools to achieve this. Our Whole Person Risk Score™ enables you to accurately assess and predict health risks within your employee population. By partnering with My Personal Health Assistant™, we help you address these risks and achieve measurable results, including an average reduction of $1,548 in annual healthcare claims costs per high-risk employee.
Additionally, the Consolidated Appropriations Act of 2021 has introduced new fiduciary responsibilities for employers offering health plans, with significant penalties for non-compliance. To help you navigate these requirements, we deliver comprehensive reporting insights, empowering you to make informed decisions, ensure compliance, and mitigate risks such as government fines or potential class-action lawsuits.
With Converging Health, you gain the tools and expertise to lower costs, enhance employee health, and safeguard your organization.
Spend less and get more.
No, You're not dreaming
Converging Health offers employers solutions centered on predictive and actionable clinical risk analytics to facilitate early identification of illness and improve health outcomes while reducing overall healthcare spending. Their approach emphasizes moving from reactive treatment to proactive, preventative care.
Key components of Converging Health’s employer solutions include:
- Data-driven risk assessment: Converging Health assesses the health risks of each employee to understand their challenges and support needs. This involves looking at various factors, such as fitness, musculoskeletal health, energy balance (obesity, diabetes, hypertension, etc.), exposure to toxins, and emotional health. They then use data to determine what an individual would benefit from most.
- Focus on prevention: A primary goal is to provide proactive, preventative care to reduce complications and unnecessary spending on hospitals and specialists.
- Emphasis on primary care: Converging Health promotes a return to “hometown” family medicine, where doctors connect with patients and focus on preventative care and behavior change for long-term health.
- Nationwide network: The company has created a network of primary care providers across the country, allowing them to serve a distributed employee base. They are selective with the providers who join this network, focusing on quality of care.
- Alignment of interests: The company aims to align the interests of employers, employees, and primary care doctors for better care at a fair price.
Converging Health’s approach is designed to address several challenges employers face:
- Rising healthcare costs: By identifying and addressing health risks early, Converging Health aims to reduce overall healthcare spending for employers.
- Lack of transparency: The company seeks to provide transparency in healthcare by using data to understand where costs are going and what outcomes are being achieved.
- Distributed workforce: The company’s nationwide network helps ensure that employees in different locations have access to the same benefits.
- Ineffective point solutions: Unlike some carriers that immediately offer point solutions, Converging Health emphasizes assessing an individual’s needs first, and then determining which point solutions might be best.
- Complex healthcare system: The company seeks to help employers navigate the complexities of the healthcare system.
Rising costs are not your fault.
But you can stop them.
As a client, be reassured to know that your approach goes beyond just data analysis and cost reduction. What truly stands out is the focus on the human side of healthcare—personalized care that builds trust and loyalty among employees.
We share a belief in returning to a model of personalized, preventative care—one that prioritizes improving overall health outcomes by addressing individual needs before they develop into expensive medical challenges. This proactive approach resonates with us because it aligns with the values we hold for our organization: fostering a healthier, more engaged, and productive workforce while managing healthcare costs effectively.
Your philosophy not only supports cost control but also demonstrates a commitment to the well-being of employees, helping us create a workplace culture that values both the individual and the collective. That alignment makes your approach compelling and one we’re eager to explore further.
It is important for employers to understand their data and hold their partners accountable for outcomes. They are working to get employers to understand that the rising costs they are facing are directly related to not looking at the individual needs of their employees.