With 2023 right around the corner, check out these health and wellbeing trends to watch in the upcoming year! Here are a few key takeaways from this list:
43% of employers have already witnessed an increase in medical services due to care delayed during the pandemic, and another 39% anticipate seeing the same in the future
Employers increasingly recognize the positive impact of health and wellbeing on their overall workforce strategy, with 65% viewing it as having an integral role, up from 27% just five years ago
When the primary driver of financial success is keeping patients healthy – rather than billing for services – providers are more inclined to deploy team-based care
The Business Group on Health has released its "Trends to Watch in 2023" report, highlighting key shifts in the healthcare landscape that employers need to consider. Rising healthcare costs and affordability concerns are significant factors, with employers facing above-average cost increases due to pent-up demand for medical services caused by pandemic-related delays. Cancer has become the leading driver of healthcare costs, and employers are exploring ways to manage these expenses without significantly passing them on to employees.
Workforce dynamics are shifting, pushing employers to invest more in health and well-being offerings. There's a growing recognition of the positive impact of these programs on overall workforce strategy, with an emphasis on affordability and quality. Employers are also addressing health inequities through initiatives that target marginalized populations.
Mental health remains a top priority, and employers are incorporating financial components into well-being strategies to address employees' stress related to money. Value-based payment models are gaining traction as the focus shifts towards improved patient experience and outcomes. Virtual health, including telehealth, is expected to remain a significant trend, with 55% of employers planning to enhance their virtual health offerings.
As policy and regulations continue to evolve, employers are expected to engage with policymakers to improve access, affordability, and transparency in healthcare. The report suggests that large employers will seek opportunities to collaborate with policymakers to address mental health, women's health, pharmaceuticals, and healthcare delivery reform.
In this evolving healthcare landscape, telehealth plays a crucial role in providing accessible and convenient care. Telehealth services can help address affordability concerns by offering cost-effective alternatives for non-urgent medical needs, contributing to employees' overall well-being. Telehealth's flexibility and convenience align well with the shifting dynamics of the workforce and can support efforts to improve health equity and access to care.