Direct primary care employers enjoy many benefits over providing traditional insurance—including low costs, higher employee engagement, and reduced absenteeism.
In 2021, employers faced sticker shock when paying for their employees’ health insurance. The costs for health coverage rose 3% in 2021, and the bad news keeps coming. It’s predicted that throughout 2023, these costs will increase an additional 6.5%, double what employers are already paying. But there is good news: with direct primary care, employers save money while still providing quality healthcare for employees.
Direct primary care is a revolutionary approach to employer-sponsored health benefits. Employers enroll their employees with a direct primary care practice that provides complete, quality healthcare services for far less than traditional insurance premiums.
Employers provide direct primary care at a fraction of the cost, and employees enjoy an improved healthcare experience with no out-of-pocket costs.
Employers love saving money on health insurance—but they also love the feeling of providing the best healthcare services for their employees, staying competitive in the recruitment field, and promoting a healthy company culture.
Here are just a few ways that, with direct primary care, employers enjoy benefits that traditional insurance can’t offer.
Because direct primary care providers focus on proactivity rather than reactivity, your employees address potential health issues before they become a problem.
The employee benefits from office visits and covered tests with no copayments or deductibles, encouraging them to visit their direct primary care provider for wellness visits and preventative medicine.
You look for the best candidates for your company, but those candidates are looking for the complete benefits package, including employer-sponsored health insurance. If your company is small, you may not be able to afford the benefits packages offered by large corporations. A candidate might be a perfect fit for your job, but they move on to the next employer unless you provide competitive benefits.
With direct primary care, employers can offer the benefits that attract quality candidates, no matter the size of your company.
Did you know that employers pay, on average, nearly $7500 annually for insurance coverage for single employees? That number jumps dramatically for family coverage, estimated to cost employers just over $21,000 per employee.
And the insurance isn’t much more affordable for employees, who shoulder the cost of their contributions alongside ever-increasing deductibles and copays. In addition, office visits are limited to 15 minutes or less because of the role insurance companies play in provider payments.
Memberships are affordable with direct primary care. Employers save money on costly health plans, while employees benefit from having no insurance obligations. Tailored MD, for example, covers employees and their partners for $80 per month, with dependents under 18 covered for an additional $50.
With direct primary care, employers notice improved attendance. Traditionally, employees take time off for doctor visits and find themselves in the waiting room for hours. That’s time away from their jobs and money out of their pocket.
Direct primary care offers a type of on-demand healthcare solution. Appointments are the same or the next day, and smaller practices mean less time in the waiting room. With features like telehealth and availability by email or telephone, your employees may not even need to leave the office.
Additionally, employees are encouraged to visit their clinicians for preventative care. This proactive approach means less sick time.
Because direct primary care isn’t typical health insurance, employees don’t rely on it solely for illnesses or emergencies. With unlimited office visits and covered tests offered at no charge to the employee, your teams are encouraged to stay ahead of health complications and create wellness plans that benefit them now and far into the future.
Through direct primary care, employers display their commitment to employee health and wellness.
With direct primary care, employers aren’t the only ones who benefit. Employees love it, too.
Employees enjoy their health coverage with no waiting period after enrollment. Those with chronic or preexisting conditions can enjoy immediate treatment with no exclusions or premium increases.
Traditional insurance costs employees up to 10% of their paychecks, and the financial obligation doesn’t stop there. The most affordable insurance plans come with high deductibles, co-insurance, and copayments, making employees less likely to use them.
In direct primary care, employers pay affordable membership fees upfront, and employees gain unlimited access to the healthcare they need with no out-of-pocket costs.
When doctors work with insurance, they lose control over patient care. Insurance dictates what treatments are covered and forces providers to validate patient care choices. Many insurance companies require referrals to specialists, further complicating and delaying patient care.
Direct primary care providers believe that insurance companies should never have a say in the healthcare decisions of their patients.
Direct primary care focuses on prevention as much as treatment and disease management. This means employees have the necessary tools to make informed choices that benefit their health and well-being. By proactively intervening for their patients, direct primary care providers stop health concerns and alleviate risk factors before they evolve into more significant problems.
With direct primary care, employers place healthcare where and when it’s needed. Employees love knowing they can access their provider via telehealth, email, and phone call anytime. They also love the same-day or next-day appointments and reduced time in the waiting room.
Your employees will also love the extended time their providers spend with them during office visits.
Tailored MD provides affordable direct primary care employers depend on for employee health and wellness throughout San Antonio.
Learn more about how your company will save money while providing quality healthcare your employees will love! Contact us at 210-796-1914 or online, and let us show you how accessible excellent employee healthcare can be.
Tona Vu, DO, is a board-certified family medicine physician from Houston, TX. She graduated from William Carey College of Osteopathic Medicine and completed her residency training in Conroe, TX.
Dr. Tona Vu has gained experience working in various healthcare environments, and her decision to join Tailored MD stemmed from her belief in a comprehensive approach to healthcare. Her practice philosophy revolves around identifying risk factors for diseases, addressing lifestyle factors, educating patients on disease prevention, and utilizing evidence-based medicine to treat medical conditions.
Outside of work, Dr. Tona Vu finds joy in spending quality time with her family and actively participating in volunteer work. Additionally, she has a passion for cooking and exploring different cuisines, as well as traveling to new destinations.