Modern Health customers see cost savings in year one as a result of our high engagement, and our full spectrum of care. These savings compound over time and can be seen across a wide range of healthcare categories.
Assumes self-funded healthcare plan with 5K employees with a 22% engagement rate. Outcomes are listed as examples only and can vary for different customers. (SBA, 2022)
We look at all our benefits programs through a lens of low-cost and high-caring to focus on programs that matter most to people. Given the current state of the economy, many companies are looking at the low-cost aspect more to ensure they are spending benefit dollars wisely. Still, I believe providing strong mental health support and investing in your employees’ mental health does bring a good return on investment.
Modern Health is unique in its global approach to providing culturally concordant mental health care. The continuous expansion of offerings and content makes the program dynamic and easy to return to. There is something for everyone - it really meets people wherever they are in their mental health care journey
The reality is that individuals with untreated mental health concerns require more care. They may have more outpatient visits, tests, and prescriptions. These costs are often buried within healthcare spending for organizations.
Untreated mental health concerns lead to excessive and avoidable medical spend
Rising Employer Healthcare Costs are a Preventable Issue
Employee mental health benefits can contribute to happier and healthier employees while improve your organization's bottom line. Modern Health customers may save $84k in healthcare costs in their first year, and see an increase in cost-savings year over year.
With greater price sensitivity comes greater transparency. Modern Health works with customers to navigate financial constraints and tailor mental health support to the needs of their organization.
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