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Mastering Healthcare Costs: Strategies for CFOs
Manage episode 431906812 series 3351743
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In this episode, we explore the complexities of managing healthcare costs and expectations within the US, focusing on strategies CFOs can implement to gain better control over expenses. Our guest highlights the importance of having a proactive approach, including regularly checking cost trends and working closely with benefits advisors to analyze claims data. We delve into the significance of selecting the right broker, considering their experience, expertise, and track record. We also discuss the risks of relying on a single broker for too long.
The conversation also covers the unpredictable nature of healthcare costs, as revealed by a recent report where 72% of CFOs expressed concerns over their inability to predict these expenses. We address common issues, such as the need for more access to essential data and the rising occurrence of high-cost claims. The discussion concludes with actionable steps for CFOs, including building self-funded plans and leveraging data for more informed decision-making. This episode provides valuable insights for financial leaders aiming to navigate the challenging landscape of healthcare cost management.
For more information on Elite Benefits of America, contact Butch at 708-535-3006 or visit EliteBenefits.net
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