HCW Benefits Blog

Contributor:
Carol Wagoner, VP Administration
Hill, Chesson & Woody

Surprisingly, opinions taken from 540 North Carolina executives reveal that healthcare costs are not what keep them awake at night. Statewide employer input gained from Hill, Chesson Woody’s 2011 North Carolina Trends in Healthcare Strategies Survey has revealed that containing medical costs is not among the top three concerns organizations are considering within the next 18 months.

A main objective of the survey was to identify specific employer concerns. Based on the data, the top concerns of employers are associated with the Communication, Medical Management, and Underwriting & Risk Management constructs. Specifically, most employers are concerned over:

1. How to communicate the value of benefits plans to employees (95%)
2. Understanding risk factors within an employee population (94%)
3. How to implement a culture of wellness within an organization (93%)

Business executives were asked to rank 18 varying statements of concern across six facets of any well-managed employee benefits plan including: strategy, communications, benefits administration, medical management, compliance, and underwriting and risk management. Survey participants were also asked to rate their organizations on whether they saw themselves as low, medium or high performing within the next year and a half, as well as providing information on their industry and employee size.

The survey, which was deployed and analyzed in conjunction with HCW’s human resources partner CAI, asked business executives if they viewed their companies as growing with regard to profitability, revenue, capital investments and other factors.

To receive more information on this exclusive and unique analysis of the employee benefits state in North Carolina including where your organization ranks, fill out this form to have an executive debrief at your location.