Albuquerque, N.M. — What are benefits of Direct Primary Care for ABQ employers and employees? How is Direct Primary Care bringing more value for businesses and their employees? How is it a recruiting advantage from other companies?
Direct primary care or DPC is an alternative to traditional fee-for-service. Here are the top 10 benefits of Direct Primary Care for businesses and companies:
1. Offers cost-effective healthcare
A DPC provider, such as Well Life ABQ, provides various services for a flat rate of $75 a month and $30 for additional members. It includes the following:
- Healthcare for the whole family
- Discounted medications
- Acute care
- Chronic disease management
- Discounted labs and prescriptions
- 24/7 telemedicine
DPC has no co-pays, and the rate is lower than traditional fee-for-service. The money saved on traditional insurance converts into your savings.
2. Delivers quality care at lower cost
DPC costs lower than traditional fee-for-service with more personalized healthcare service. Your employees get to talk to a medical practitioner longer without hurrying.
In 2017, the University of New Mexico reported that 40% of residents lived in places with severe shortages of primary care. It is on top of the medical practitioner shortage in the state.
However, WLABQ has in-house medical practitioners to cater to the needs of your employees. The flat rate covers immediate and unlimited access to personalized medical care, unlike traditional fee-for-service, which costs every visit or medical procedure.
3. Provides accessible and convenient services
Your employees don’t have to leave work to get an appointment or a consultation. Other than on-site visits to the clinic, your employees can take advantage of virtual consultation and telemedicine.
Their work won’t be affected since they can call anytime during their break or at night when they’re home. Your employees can also reach a DPC, such as WLABQ, through e-mail and text messaging.
Your employees won’t have a reason to file for sick leave with the menu of communication channels they have. Their workload and productivity won’t be affected.
4. Lessens absenteeism and presenteeism
Absenteeism is away from work. While presenteeism is being physically present but functionally absent. Your business can incur more minor losses from employee absenteeism and presenteeism due to sickness.
Absenteeism impacts your business in many ways. Productivity may decline, which increases production cost and inversely lowers your profit margin. Your human resources (HR) staff may face the burden of disciplining consistent absentees.
They may increase the workload of other employees to compensate for the slack. Absenteeism can also cause higher employee turnover and immediate hiring of unfit employees.
Based on Circadian Technologies, the top reason for unscheduled absences for a shift worker is personal illness at 30%. For example, if you manage a healthcare facility of about 500 employees working on shifts, you can lose up to $1.3 million annually due to absenteeism.
If you offer employees a DPC package, you assure them they have the medical and health services they need to prevent them from getting sick. You won’t be bothered by employees filing sick leaves and disrupting the workflow in your business. At the same time, it converts to savings instead of losses for your business.
5. Improves employee productivity
According to the CDC, absenteeism causes loss of productivity estimated at $225.8 billion a year. Specifically, chronic health conditions cause impaired performance which costs about $211 billion based on the IBI.
DPC offers acute and long-term treatment or management of chronic illnesses. Remember Maria? DPC manages her hypertension, diabetes, and osteoarthritis to perform better at work and take fewer sick leaves.
You won’t have to shoulder expenses for additional wages, leave benefits, and worker’s compensation. And you won’t have to spend on incidental costs in case of hiring a replacement employee.
6. Entices competent recruits and retains best employees
You can replace sickly employees who have resigned, but there’s a price to it. Studies reveal that hiring a new employee in the USA can cost you. It includes actual hiring and workdays to fill the position.
The average cost of hiring a new employee is $4,129 based on the Society for Human Resources Management. Moreover, it takes about 42 days to fill the vacancy. A reputable recruitment platform pins it at $4,000 in 52 days.
If replacing a worker is certain, you can present DPC as a benefit to potential hires. It gives you a competitive edge that attracts the best candidates. Healthcare is one of the critical benefits other than paid leaves and retirement plans.
Owning a medical-related business puts you in a challenging situation. Your employees are more susceptible to developing acute or chronic illnesses due to the nature of their job. Keeping their health in check becomes a priority.
Health benefit is what potential candidates are looking for in your company. DPC also helps retain the best employees, knowing their health is your priority.
7. Enhances job satisfaction and morale
It takes more than salary to make your employees happy. They feel secure as DPC serves as a security blanket to their medical and health needs. This sense of security lessens their worries about getting sick. It relieves them from paying medical bills that come with being sick, too. As a result, they focus on their job and reach their full potential.
DPC manages a healthy workforce for you in terms of cost and employee satisfaction. You get quality medical care for your employees. They remain productive and contribute to the overall success of your business.
8. Promotes a culture of health and wellness
As they say, employees reflect how you manage your business. You can tell how good a company is doing through the employees. DPC promotes a culture of health and wellness with its various services. It is not just for your sick employees.
Think of Maria. DPC manages chronic diseases to allow your employees to function in their work. Fewer absences and improved productivity mean less cost on your part. Instead, you gain a healthy workforce that keeps the culture in your business alive and well.
DPC, such as WLABQ, offers a holistic approach to health, including prevention and chronic illness management. Other than medical screenings and lab tests, WLABQ also has weight loss programs, integrative medicine options, women’s wellness, and nutritional counseling. These services aim to nurture the health of your employees proactively.
9. Less administrative work and spending
The National Health Expenditure Projection for 2020-25. projects health spending to rise by 6%. It can be costly for you, especially if you have a business of barely 200 employees.
DPC offers a membership package at a fixed rate. You pay the membership package directly to a DPC, bypassing insurance companies. It eases your work since you won’t have to deal with third-party providers.
It also eliminates third-party billing. Having fewer employees work on processing insurance claims and reimbursements lowers your overhead cost.
10. Cuts overall healthcare costs
Healthcare continues to rise as business owners like you find ways to lower their operational expenses. DPC saves money as it complements an existing health insurance plan or other medical programs. It can cut costs by 15% to 20% annually.
DPC saves cost from overutilization of diagnostic lab works and facilities. Instead of cashing in on labs per visit, a DPC package covers these services practically at a fixed rate.
A medical survey points out members enrolled in a DPC program have fewer surgeries, ER visits, and hospital admissions. DPC saves money otherwise spent on these preventable medical situations.
Retain Employees and Provide Quality Healthcare with NO COPAYS
DPC is not insurance. You may still need additional insurance to cover services outside of DPC, like hospitalization.
As an employer, you’d want to lower healthcare expenses for quality service that helps manage the wellness of your workforce. You might want to consider DPC as a benefit for your employees, like Maria, who drive your business to become profitable.
Well Life ABQ takes care of people who take care of others. LEARN more how we can take care of your employees!