According to the 19th Annual Towers Watson/National Business Group on Health Employer Survey on Purchasing Value in Health Care entitled “The New Health Care Imperative – Driving Performance, Connecting to Value”, best performers used the following techniques to curb healthcare costs:
- Viability of private exchanges 41%
- Workplace culture 34%
- Healthy lifestyle activities 34%
- Financial incentives 34%
- New technologies 30%
“Best Performers” are companies that have maintained cost increases at or below the Towers Watson/NBGH median for each of the past four years. With an average of 1.6% increase from 2010 to 2013, these companies are good examples to follow in managing health care costs.