8 ways to evaluate point solutions through a cost-containment lens
Finding the best fit for your clients can be a challenge, but assembling a comprehensive package of point solutions can make a huge difference in annual health care spend. Let’s take a look at eight key areas to consider when evaluating point solutions.
By Doug Morse-Schindler |
August 04, 2023 at 07:53 AM
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With health care costs expected toincrease by 6.5% this year alone, more employers than ever are turning to point solutions to address rising costs. These point solutions are a convenient way — often an app or digital tool — for brokers and employers to fill gaps in the benefits they offer. In fact, point solutions are becoming a foundational component in many benefit strategies, with 50% of organizations offering between four and nine solutions.
As a result of the rapid growth and innovation in this space, thousands of new vendors have entered the employee benefit point solution marketplace in the past decade.
And with cost containment at the top of every employer’s mind this year, it’s more important than ever to vet these solutions. Doing so will allow you to understand their capabilities and how they can positively impact your clients’ benefit strategies.
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