Cost efficiency

Aon: U.S. Employer Medical Costs Projected to Increase 5 Percent Next Year

Thursday, October 14, 2021 - 2:00pm

Medical trends are likely to increase at a moderate rate, though COVID-19's impact adds some uncertainty for plan sponsors.

Key Points: 
  • Medical trends are likely to increase at a moderate rate, though COVID-19's impact adds some uncertainty for plan sponsors.
  • "Employers will look to manage plan costs with both traditional and emerging cost containment strategies," said Will Sneden, U.S. practice leader for Health Solutions.
  • It also is providing greater access to new providers and medical tests, helping to build a more resilient workforce."
  • The success of employer benefit cost management goes beyond competitive design, strong medical networks and negotiated pharmacy contracts.

Lyra Mental Health Benefits Lower Medical Claims Costs for Employers According to New Independent Research

Wednesday, October 6, 2021 - 1:30pm

BURLINGAME, Calif., Oct. 6, 2021 /PRNewswire/ -- Lyra Health , the leading provider of comprehensive mental health care benefits for global employers, today announced the results of a study from global professional services firm Aon, which found that employers offering Lyra's mental health care benefits realized significantly reduced overall health care claims costs starting in year one.

Key Points: 
  • BURLINGAME, Calif., Oct. 6, 2021 /PRNewswire/ -- Lyra Health , the leading provider of comprehensive mental health care benefits for global employers, today announced the results of a study from global professional services firm Aon, which found that employers offering Lyra's mental health care benefits realized significantly reduced overall health care claims costs starting in year one.
  • The independent study demonstrates Lyra's transformational approach to mental health care measurably reduces medical claims costs for employers.
  • Lyra drives mental health care utilization, improving clinical outcomes.Members who used their Lyra benefit averaged 12 completed visits with Lyra mental health providers, compared to an average of seven visits for care accessed through traditional health plans.
  • Lyra Health, a leading provider of innovative mental health benefits for more than 2.5 million global employees and dependents, is transforming mental health care by creating a frictionless experience for members, providers, and employers.