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Healthcare expenses for hospital employees increase in 2020, survey shows

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Healthcare expenses for hospital employees increase in 2020, survey shows

Healthcare expenses are increasing for hospital employees, according to Aon’s 2020 Benefits Survey of Hospitals.

This year, expenses per hospital employee per year grew to $14,466, up 4.2% from $13,881 in 2019. Prices ranged from about $7,700 to $23,600 from the hospital with the lowest claims to the one with the highest.

Each month, the average hospital paid about $500 per covered member for medical claims.

The rising costs of medical expenses are reflected in what the survey respondents said was their top benefits concern. In 2019, health executives said their number one priority was to attract and retain talent. In 2020 that changed with executives reporting they were most concerned about mitigating rising costs for the employer.

Health system executives aren’t just concerned about what these rising costs mean for them. The report showed that health systems are about equally concerned for the hospital (91%) as they are for the employees (88%).

The survey included more than 2.2 million health system employees representing more than 1,000 U.S. hospitals. It was conducted from mid-February to the beginning of June. WHAT’S THE IMPACT In an effort to mitigate what the employee has to pay, 56% of hospitals said they aim to pay at least […]

read more here —> www.healthcarefinancenews.com