How to Combat the Rising Cost of Healthcare

Healthcare costs are predicted to rise at a rate of 5.5% per year for the next decade. By 2027, overall healthcare costs will rise to $6 trillion. Employers and employees alike are very concerned about the notion of facing rising prices. 

 

One cause of increased healthcare spending for individuals and organizations is medical imaging. According to one survey, MRIs, ultrasounds, CT scans and X-rays contribute to more than 38% of the overall employer healthcare spending. Employers do have access to certain levers of control. One technique involves influencing the type of facility where the medical imaging is performed. Most of the imaging is done at one of two places, a hospital or a free-standing medical imaging center. These centers have been found to cost significantly less than the same exact imaging done at a hospital. This is something one may not know unless they compare and contrast facilities and their services -- which used to take a significant amount of time and effort.  

 

One way to alleviate this problem is to seek support and guidance. With platforms like Nayya’s Companion, employees can now find all in-network providers, receive recommendations based on previous care and costs, and find a plan that provides the most benefit for the least amount of money. Employers can help by providing their employees with health and financial wellness platforms and working to educate and guide their employees to make decisions that benefit not only their physical wellness, but also their financial wellness.

 

Nayya exists to help people do exactly that. For more information, visit nayya.com