The Institute for Healthcare Consumerism (IHC) focuses on innovative health and benefit management and helps employers to engage their employees in their own health and well-being.
TripleTree is an independent merchant bank focused on mergers and acquisitions, financial restructuring and principal investing services. Since 1997, the firm has advised and invested in some of the most innovative, high-growth businesses in healthcare.
Healthcare is becoming more and more consumer directed. We’ve all seen or experienced consumer driven health first-hand, in some way – whether it is determining which health plan is right for our family, making care decisions for a parent or loved one, receiving an unexpected bill for services, or trying to determine if a health benefit account (FSA, HSA, HRA) is the best vehicle to meet our future healthcare needs.
The shift to healthcare consumerism is well underway. Trends continue to point to increased financial responsibility for consumers with rising deductibles, increased consumer out-of-pocket responsibilities, and accelerated adoption of consumer directed healthcare plans (CDHPs), health savings accounts (HSAs), and other account-based benefit offerings. According to Mercer, enrollment in CDHPs among large employers nearly doubled in the past three years from 15 percent to 28 percent of covered employees.
Employer adoption of these consumer-directed benefit designs will continue to grow for the foreseeable future, driven by the need for cost control, the impact of healthcare reform and the looming excise tax. The costs of providing healthcare continues to rise, surpassing $25,000 for an average family for the first time in 2016 (Milliman Medical Index).