Each year, Business Group on Health celebrates organizations making measurable, sustainable impact in the lives of employees through two distinct honors: the Best Employers Award: Excellence in Health Care Value and the Best Employers Award: Excellence in Health & Well-being. The Best Employers Award: Excellence in Health Care Value award honors organizations achieving impressive results in delivering high-value health care, while the Best Employers Award: Excellence in Health and Well-being highlights distinct ways employers are setting new standards in health and well-being.
While both award categories recognize leadership and innovation, this article explores what sets organizations apart in health care value and what it takes to earn the Best Employers Award: Excellence in Health Care Value.
What Does Excellence in Health Care Value Really Mean?
As the health benefits landscape rapidly evolves, the organizations that stand out are those that innovate, take bold risks and collaborate most effectively with partners to generate meaningful results.
At its core, employers drive health care value through promoting and adopting models delivering high-quality, cost-effective care that leads to meaningful improvements in health outcomes. Employers that are driving value in their health benefits strategies work with their partners to enhance the quality of care their employees receive and curate a favorable patient experience, while ensuring that benefits continue to remain affordable.
Celebrating Excellence
The importance of value-based care and the profound impact it can have on employee health and well-being inspired Business Group on Health to recognize and celebrate the organizations that are leading the way in this area. Earning recognition for the Best Employers Award: Excellence in Health Care Value signals an organization’s commitment to delivering measurable results, driving innovation and shaping the future of employee health benefits. Specifically, the award recognizes employers who:
- Take bold, innovative approaches to health benefits, which can include the adoption of new models and strategies to improve patient outcomes.
- Implement value-based purchasing and build outcome-oriented partnerships that drive measurable improvements and accountability.
- Sustain long-term improvements in quality, employee experience, and affordability, moving beyond quick fixes to create lasting impact.
How Employers Can Stand Out: Pillars of Value-based Excellence
Employers committed to excellence in health care value distinguish themselves across several critical pillars.
Adopting Innovative Strategies to Drive Value
- There are many examples of how employers are doing this, including value-based delivery models such as Advanced Primary Care models, centers of excellence (COEs) and high-performance networks (HPNs). Other leading employers are deploying global captives, comprehensive navigation, and pharmacy innovations to steer employees toward high quality, cost-efficient care. These approaches leverage data and partnership to guide employees to the best care, drive results and mitigate unnecessary spending.
Prioritizing Employee Experience and Engagement
- Employee and patient experience are key components of the value equation. Value-based approaches need robust communication and engagement strategies to drive adoption and increase impact.
Focusing on Measurable Outcomes
- Employers delivering high value benefits must track performance across several key outcomes, including employee health, patient experience and, of course, cost and affordability.
Leading with Thoughtful Perspectives and Collaboration
- Employers drive industry-wide improvements by sharing actionable insights and proven strategies with their partners and stakeholders. Proactively communicating successes and challenges encourages adoption of value-based approaches and accelerates progress across the health care ecosystem.
As the pursuit of health care value becomes critical, we invite leading employers to apply for a Best Employers Award: Excellence in Health Care Value. Applications open on September 3 and are a prime opportunity to showcase your organization’s commitment to innovation, impact and value-driven health care.
To learn more about the Best Employers Award: Excellence in Health Care Value and the Best Employers Award: Excellence in Health & Well-being, visit our Awards overview.
