3rd Party Study | Cost Efficiency
Collective Health Reduces Healthcare Cost Trend by Half Over Five-Year Period
Better employee healthcare at a lower cost is possible.
In this new third-party study conducted by Aon, Collective Health's integrated health benefits solution was found to cut the healthcare cost trend by 50% over a five-year period and drive increases in member engagement rate for customers in the study. Savings were greatest for members with two chronic conditions, whose costs improved from $57 per member per year above matched control in year one to $1130 below control by year five.
In this third-party study, you'll discover how:
- Healthcare costs over a five-year period for Collective Health customers in the survey were 7.2%, less than half of the 14.9% seen in matched controls.
- Cost efficiencies were seen across all of the top 10 most prevalent conditions, including diabetes, hypertension, musculoskeletal, and behavioral health.
- Members on the Collective Health platform engaged at high rates compared to industry benchmarks reviewed by Aon and engagement increased for members with multiple comorbidities.
- High engagement rates correlated to favorable reductions in claims costs, especially for those with complex conditions.