How To Lower Your Healthcare Costs

July 10, 2014
# min read
Janice Giannini

Why would I select this title for an article with Paradigm Associates? We are not in the business of negotiating better healthcare contracts with your providers. I would offer that we are in the business of assisting our clients to lower their healthcare costs as one of the positive outcomes for their business, gained from working with us. How so you ask?

UPI recently reported that those engaged in their work tend to report excellent health, but emotionally disconnected workers tend to report poor health. A special Gallup daily tracking series was conducted to explore American workers' engagement levels. Based on worker responses to 12 workplace elements, there is a direct connection to performance outcomes: including productivity, customer service, quality, retention, safety and profit.

Engaged employees are involved and enthusiastic about their work, while those not engaged are satisfied, but not emotionally connected to their workplaces, and are less likely to put in discretionary effort. The actively disengaged are emotionally disconnected from their work and workplace, and jeopardize the performance of their teams, Gallup officials report.

So what does engagement look like?

· Are people proud of where they work and what they do?

· When you are walking down the hallway in your business, do your coworkers look you in the eye to acknowledge you?

· If a worker drops a sheaf of papers or books in the middle of the hallway, do others stop to help or just move on past?

· If you count the smiles and the frowns on people's faces, on any given day, what is the ratio?

· Would you give morale a thumbs up, thumbs down, or a neutral in your business?

· Is attrition going up as the economy improves?

· When was the last time you asked for something versus informing you needed it?

So what are some actions that you can take to increase employee engagement?

Focus on the workplace elements with proven linkages to performance outcomes, including:

· Productivity- Is the environment respectful and conducive to thinking and innovation? What is the instantaneous reaction if somebody has a new off the wall idea to share?

· Customer Service- In addition to the vision statement saying customers are number one, do people from CEO on down to the janitor really behave that way? Do you notice it? What have you done lately to change the culture?

· Quality- Are your coworkers really proud of the quality produced or do they just say that's what management tells us to do?

· Retention- Research says people don't start looking for another job because of money they do so because of the environment. As an aside they will negotiate when leaving but that is not the driver. Is your environment inclusive and open?

· Safety - Is this in the DNA of the business or is it an afterthought? What have you done lately to change the culture?

· Profit- Is it profit at all costs no matter how you get there? Or is it high expectations in an ethical way?

One of the areas that your competitors are investing in is improving employee engagement. Why are they doing this? They are investing in it because they recognize that with increased engagement comes improved results, innovation and growth. It was reported recently that innovation and growth and talent development for the future is the number one concern for CEO's today. The other benefit based on the above report indicates that they are also benefitting from decreased health care costs.

Are your health care costs higher than you would like? So what's to stop you from engaging your employees to lower your health care cost? In addition you may also produce the 6 I's:

1. Increased productivity,

2. Improved customer service,

3. Improved quality, 

4. Increased retention, 

5. Improved safety 

6. Increasedprofits

If you want to have the 6I's- what stops you from starting today?

Read the next article in the series:
Share this post
Building Teams & Employee Engagement

Continue Reading Additional Articles

6 Leadership Actions to Enhance Positive Employee Involvement

With heavy emphasis on high quality services and products, the most effective business leaders are recognizing that employees really are valuable resources in achieving daily business success.

How To Choose Your Organizational Structure

Often, their employees work longer and harder than if the formal organizational design was adapted to fit the new direction.

Are You More Productive Than You Were Five Years Ago?

The biggest culprit of lost productivity is uncertainty. People simply need to know where the organization is going and how it's going to get there. When you answer these two questions and, more importantly, when you communicate your objectives continuously throughout the organization, you will witness employees overcome what once seemed to be insurmountable obstacles.

Contact Us, and let's discuss how we can help you.

Discover for yourself how powerful "Breakthrough Thinking for Your Real World" can be.

In our never-ending quest to serve you to the fullest, please do not hesitate to call, write, or email us with any of your pressing issues or concerns. Your thoughts and suggestions enable you to make us the absolute best in professional services!

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.