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Group and Health Care Consulting
Combining groundbreaking research and Targeted Consumerism solutions that show how to increase health care quality and reduce costs, Watson Wyatt can improve the health of your employees and your bottom line.
THE RIGHT SOLUTIONS: Watson Wyatt stands as the trusted business partner to organizations seeking fresh, evidence-based solutions to control health care costs and improve employee health and productivity. Based on data, technology and a total rewards perspective, we've developed a comprehensive set of services to help our clients in today's transforming health care environment.
Watson Wyatt helps employers segment their covered populations into three cost/risk categories and design interventions for each segment to control costs, create plan efficiencies and change employee behavior. This Targeted Consumerism approach recognizes that all health care consumers are not alike and engages more employees with practical solutions and strategies.
Our consultants combine this pioneering approach with consumer-directed strategies as a way of controlling costs. But our research shows that employers need to do more than just increase employee accountability and cost sharing. Best-performing companies are addressing the root causes of health care costs by combining consumer-oriented health care models and health management initiatives with education and financial incentives to help employees become more actively engaged in their own health and make smarter health care decisions. These employers have achieved impressive results, keeping two-year median cost increases to just 1 percent compared with 10 percent for their poorer-performing peers.
We combine plan design, financial and communication expertise with leading-edge tools to support the cost-control effort. Our BenefitConnect system encourages employees to act as informed consumers while reducing the burden and cost of plan administration. And we keep our eye on health care quality at all times, both for active employees and retirees.
As the best-connected consulting firm in the industry, we team with the National Business Group on Health and manage the National Data Cooperative to provide our clients with the most advanced solutions for cost savings and employee health management. We field the best experts in the business, including physicians, health care managers, and technology and communication consultants.
Together, we deliver integrated solutions that help you:
- Control the cost of health and welfare benefits
- Adopt appropriate financial incentives including health savings accounts (HSAs) and other consumer-directed health care approaches that help change health care purchasing behavior
- Maximize employee health and productivity
- Deliver effective health care information to employees
- Provide efficiently delivered quality care
- Match benefit plans to business outcomes
- Develop a strategic, integrated approach to managing all aspects of your benefits programs
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