Corporate Consulting

In the past five years corporate spending on healthcare has grown by enormous proportions. Many companies now spend more on healthcare costs than any single expense item except salaries.

Corporate America cannot continue to experience the increases in costs as seen in the recent past. We must get a handle on the healthcare expenditures before one of several bad options takes place: (1) the government takes over healthcare, (2) the system is bankrupt, or (3) corporations can no longer afford to care for their employees and dependents.

Why have healthcare costs skyrocketed? The providers of care - doctors and hospitals - are not being paid more. In fact, most doctors today make less money than they did five years ago, and many hospitals struggle to stay in the black. Insurance companies who administer most healthcare plans would tell you that their costs have gone up so drastically that they are not making more money in spite of escalating premiums and decreasing fees paid to providers.

It has been shown in recent analyses of healthcare data that the two areas where there has been the greatest increase in costs are drugs and procedures. More people take more medicine than ever in the history of mankind. Guess where the money is going- the drug companies are making a fortune. Since drug companies began marketing directly to the consumer about eight years ago, there has been a steady increase in the number of prescription drugs taken by Americans.

For they’re to be a significant turn-around in this trend, major corporations need to take steps to improve the health of their employees by treating the underlying cause of disease. Preventive medicine is a concept to which most doctors pay lip service. Most providers are far too willing to prescribe medications rather than take the time and effort to look for and treat the underlying cause of the problem.

To make a major impact on the healthcare spending crisis, corporations must institute strategies that may be considered radical. Carolina HealthSpan Institute has developed strategies, which can be applied to virtually any company of any size. Obviously, the larger the company, the more the potential impact can be.

There are basically four major areas where changes can be instituted. Some of these strategies lead to immediate cost savings and some are long-term commitments, which have an increasing impact every year after being initiated.

Our team of experts has over 70 years of experience in the healthcare industry and incorporates expertise from all aspects of the business of providing medical care. Consultations are available upon request.