The cost of healthcare in the United States is at an all-time high and continues to rise. New reports show that Americans spent $3.65 trillion on healthcare in 2018 alone. The cost and availability of quality healthcare has been a burden on American individuals, but it has also created a roadblock for American businesses that want to offer affordable policies to their employees.
Betr Health offers employers the opportunity to enrich their corporate lifestyle while also saving costs on healthcare. By providing solutions working with at-risk patients through a pay for performance employer model, Betr Health is only reimbursed when clinically significant results are met, such as 5% weight loss, reduced A1C levels, etc.
Let’s take a look at the cost-benefit analysis of the Betr Health program in a corporate setting.
Primary health costs in the United States come from complications related to obesity and diabetes. These costs are largely taken on at the state and federal level.
According to the Center for Disease Control and Prevention, obesity affects almost 1 in 5 children, and 1 in 3 adults, costing the US healthcare system over $147 billion a year. Obesity also puts people at risk for chronic diseases such as diabetes, heart disease, and some cancers.
More than 30 million Americans have diabetes, and another 84 million adults have a condition called prediabetes, which puts them at risk for type 2 diabetes. Diabetes can cause heart disease, kidney failure, nerve damage, blood flow complications, and even blindness. Moreover, it costs the US healthcare system and employers $237 billion every year.
The Betr Health program is tailor-made to fight obesity and reverse the onset of type 2 diabetes and prediabetes while reducing symptoms of chronic diseases. This pay for performance model ensures that reimbursements are only triggered when clients reach concrete milestones. The existing partnerships with major healthcare providers have given Betr Health the visibility and scope needed to be accessible and affordable for both individual clients and US businesses.
Implementing the Betr Health protocol for employees could help businesses save money on healthcare costs and reduce the number of health-related liabilities. Please visit Betr Health’s website if you have any questions or would like to see how you could bring Betr Health to your workplace!