The company's current benefit situation
With high pharmacy costs, increased emergency room visits and rising chronic condition treatment expenses, a large employer in the food distribution industry saw its healthcare costs increasing.
The employer began searching for a new consultant that could provide comprehensive and competitive benefits strategies for developing an effective communication strategy to ensure employees understood and appreciated their benefits, as well as for implementing strategic and proactive financial data management.
Case Study |
Client ProfileIndustry Food Distribution Number of employees 2,500 Geographical region Northeast US |
The Gallagher team compiled all the employer's data as inputs to Gallagher Drive®, our premier data and analytics platform that helps us gain a deeper understanding of the workforce. That deep understanding enabled our consultants to measure the effectiveness of the current strategy and identify opportunities for maximizing savings that aligned with the organization's goals.
Data-driven solutions
Gallagher presented five targeted strategies aimed at achieving cost savings while elevating the holistic wellbeing of employees in the realms of physical, emotional, career, and financial aspects. These multifaceted recommendations encompass diverse initiatives, from precision marketing and pharmacy management enhancements to incentivizing preventive healthcare and advocating for cost-effective surgical centers.
The ultimate objective was to drive substantial cost savings for the organization while fostering a healthier and more fulfilled workforce.
Through the implementation of highly tailored, data-driven solutions, the organization was poised to realize the following outcomes.
Pharmacy savings
Anticipated 3-6% savings in the pharmacy domain through meticulous data-driven strategies
Healthier workforce
Expected increase in utilization rates of health facilities by 15-20%, promoting a proactive approach to employee wellbeing
Disease management impact
Implementation of disease management strategies with a projected average employer savings of $1,500 per engaged member*
*Projected savings are based on average savings. This is not a guarantee of savings. Actual savings depend on a number of factors including employee population, utilization and current wellness programs.
By adopting Gallagher's recommended data-driven approach, the company developed a benefits strategy that maximized cost savings while also prioritizing employee satisfaction and engagement. It also aligned seamlessly with the unique needs of the organization.
Contact your Gallagher consultant to learn how Gallagher's data-driven approach can help your organization.