The CFO’s Guide to Predictable Healthcare Costs: Risk and Reward

There are growing concerns among CFOs regarding the unpredictability of healthcare costs, with 72% finding these expenses more volatile than others. Despite their increasing involvement in cost discussions, many CFOs are hesitant to invest time in fully understanding and controlling these costs. The conversation emphasizes the need for innovative and non-traditional strategies, such as working with new brokers and adopting alternative cost management approaches to improve predictability and savings.

Drawing parallels with strategic decisions in historical events like the Battle of Midway, the discussion encourages CFOs and HR managers to take calculated risks and explore new methodologies. A recent success story demonstrates how a small company saved $10,000 monthly by implementing a non-traditional healthcare plan. The same strategy has saved larger companies six to seven figures. By embracing innovative approaches and moving away from traditional methods, companies can better manage healthcare expenses and improve long-term outcomes.

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