For most organizations, spending on employee healthcare represents their second largest investment, trailing only payroll. Yet, it continues to be an extremely challenging part of the budget to manage.
The already significant investment just seems to increase like clockwork by at least 5% every year with little correlation to broader wage or inflation trends
Spending on employee healthcare seems impervious to the performance-oriented fiscal controls used to manage other parts of the company, like marketing or technology infrastructure.
At Novus Benefit Advisors we find opportunities for employers to improve the total performance of this massive investment.