Catastrophic Health Costs Are Coming
In this video, Daniel Satchkov, co-founder of WellAI, explains the catastrophic health costs that many employers will be facing a few years from now.
Read moreIn this video, Daniel Satchkov, co-founder of WellAI, explains the catastrophic health costs that many employers will be facing a few years from now.
Read moreAs companies are getting close to the end of their open enrollment period, they are thinking at least about two things:
2020 has been unbelievably tough on my employees. How do I boost their morale? How do I make my employees happy?
2020 has been tough for my company financially. How do I make my employees happy without breaking a buck? Is there still a way to squeeze some savings out of health costs?
We all know there are online symptom checkers such as WebMD. Everyone uses them sporadically, but the results are frequently confusing. (I have written about this in one of my previous blogs ‘Human doctors have been more accurate than digital symptom checkers. Until now…’.)
Read moreThis is part 5 of the series on the WellAI’s health cost savings calculator for CEOs, CFOs and heads of HR. Today we will very briefly explain how cost savings from an elaborate symptom checker calculated.
Read moreJust a few months ago it was hard to envision how much the world would change. Whether we like it or not (and I emphatically don’t) there are new realities that we have to deal with. And of those realities is that healthcare is radically different.
Read moreAccording to a recent survey 71% (!) of Americans are fearful of visiting a doctor due to the pandemic. How will this affect your bottom line? At first glance, it seems that the number of doctor visits will fall, so claims are lower.
Read moreThis is part 4 of the series on the WellAI’s health cost savings calculator for CEOs, CFOs and heads of HR. Today we will very briefly explain how cost savings from HRA ((Health Risk Assessment), wellness plans and chronic disease management programs for companies of various sizes are calculated.
Read moreThis is part 3 of the series on the WellAI’s health cost savings calculator for CEOs, CFOs and heads of HR. Today we will talk about health inflation and how it plays into WellAI’s ‘34% to 45% health cost savings estimate for a typical US company’.
Read moreThis is part 2 of the series on the WellAI’s health cost savings calculator for CEOs, CFOs and heads of HR. When we do our modeling for the cost savings calculator, it is important to stay humble, so (hopefully) no one would blame us being biased and in making up numbers – e.g. “What kind of crazy assumptions did you make to come up with a 45% savings number?”
Read moreThis is part 1 of the series on the WellAI’s health cost savings calculator for CEOs, CFOs and heads of HR. When we talk to a CEO or a CFO and tell them we have the greatest technology ever and that every employee should have this cool new app, their response is either “Yeah, right” or they just hang up the phone.
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