As employers face cost increases and deferred surgeries while guarding the health of their employees and offering rich benefits, a new business model is necessary.

According to the Health Care Cost Institute’s (HCCI) annual Health Care Cost and Utilization report, health care spending rose 20% over the last five years. On top of that, companies today are in the tightest hiring market in recent history, one in which offering a rich benefits package is crucial to attracting top talent.

Pile on a backlog of more than 1 million musculoskeletal (MSK) surgeries that were deferred during the early months of COVID-19, and employers are facing another health care crisis they may not even be considering. McKinsey recently released a study showing that surgical volume has recovered to its 2019 levels and is expected to increase even more in 2022 and 2023 as hospitals work to address pent-up demand.

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