Mercer Urges Employers to Lead Healthcare Transformation
October 17 2016 - 9:00AM
Business Wire
- “Employer-led healthcare
transformation: Vitals for a better tomorrow” gives employers key
insights and strategic action items to drive systemic
change
- Relentless and collective employer
action is required to transform the healthcare landscape
Mercer, a global consulting leader in advancing health, wealth
and careers, and a wholly owned subsidiary of Marsh & McLennan
Companies (NYSE: MMC), announced today the launch of its new point
of view “Employer-led healthcare transformation: Vitals for a
better tomorrow”. This point of view crystallizes Mercer’s thought
leadership and recommended strategies into four core areas that
employers should focus on as the leaders of the required US
healthcare transformation.
Based on Mercer’s decades of healthcare consulting experience,
“Employer-led healthcare transformation” provides the following
transformational framework for employers to better use their
unified voice and influence to drive the market forward:
Pay for value – Aligning reimbursement with value, not
volume.Drive to quality – Delivering the right care at the
right time, in the right setting, error free.Personalize the
experience – Leveraging better data and technology to engage
employees in the right behaviors, every day.Embrace
disruption – Injecting change into the system, with internal
stakeholders and external partners, to be future-ready.
“Employers are pivotal players in today’s healthcare system, yet
their role has remained remarkably passive,” said Sharon
Cunninghis, North American Leader of Mercer’s Health business. “In
fact, nearly two-thirds of all insured coverage is
employer-provided, which translates into a nearly one trillion
dollar annual spend. The time has come for employers to work with
other key stakeholders to translate this potential leverage into
actual market transformation – and we see our point of view as the
roadmap.”
This need for healthcare transformation is further highlighted
by the fact that a healthy workforce is strongly aligned with
business success in such areas as increased productivity, reduced
absenteeism, higher retention, and better overall engagement.
Still, the current market and system is too often failing its
stakeholders.
“Escalating costs, wasteful spending, significant quality gaps
and poor satisfaction ratings are all driving the need for
employer-led transformation – no matter how large or small the
employer, and regardless of the platform used to deliver benefits,”
said Jean Moore, Specialty Practice Leader for North America in
Mercer’s Health business. “The ‘Employer-led healthcare
transformation’ point of view addresses all of these issues with
concrete action steps and strategic opportunities.”
Mercer has already created a number of solutions to support this
transformation including Mercer Complete Care, a personalized
advocacy and clinical care solution; a Specialty Pharmacy PBM
Carve-out offering; and Mercer’s Quality Improvement Collaborative,
an initiative that brings together employers with providers to
improve the quality of hospital care.
“We will be developing more solutions to support this effort and
we are very excited to work with our clients to bring meaningful
change to the healthcare landscape,” said Ms. Moore.
To learn more about Mercer’s “Employer-led healthcare
transformation: Vitals for a better tomorrow” point of view, please
visit
www.mercer.us/our-thinking/employer-healthcare-cost-transformation.html
About Mercer
Mercer is a global consulting leader in talent, health,
retirement and investments. Mercer helps clients around the world
advance the health, wealth and careers of their most vital asset –
their people. Mercer’s more than 20,000 employees are based in 43
countries and the firm operates in over 140 countries. Mercer is a
wholly owned subsidiary of Marsh & McLennan Companies
(NYSE:MMC), a global professional services firm offering clients
advice and solutions in the areas of risk, strategy and people.
With annual revenue of $13 billion and 60,000 colleagues worldwide,
Marsh & McLennan Companies is also the parent company of Marsh,
a leader in insurance broking and risk management; Guy Carpenter, a
leader in providing risk and reinsurance intermediary services; and
Oliver Wyman, a leader in management consulting. For more
information, visit www.mercer.com. Follow Mercer on Twitter
@Mercer.
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MercerBruce Lee, 212-345-0553bruce.lee@mercer.com
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