Keenan 2009 Health Care Benefits Strategy Survey Profiles Challenges and Responses From California Organizations Representing 217 Hospitals
Posted on: Wednesday, 19 August 2009, 18:15 CDT
TORRANCE, Calif., Aug. 19 /PRNewswire/ -- Keenan & Associates, the largest privately held insurance brokerage and consulting firm in California, has released the findings of its 2009 Health Care Benefits Strategy Survey. This annual survey has become benchmark research for the health care industry in California, with implications for the sector nationwide.
The 2009 Keenan Health Care Benefits Strategy Survey provides chief financial officers, human resource executives, benefit managers and others with a wealth of industry specific information to assist them in their 2010-2011 benefit program planning. Ninety California health care organizations participated in this year's survey, representing 217 hospitals.
Health care organizations in California, as in all states, face unprecedented challenges that include managing costs in a very difficult economic environment as well as adapting to new governmental legislative and regulatory initiatives.
"More than one-third of health care organizations expect health insurance increases they are not able to absorb in the coming year," according to Steve Richter, senior vice president of Keenan HealthCare and project leader on the survey. "At the same time, hospitals are finding it difficult to grow revenues, due to the reductions in government health care reimbursements, reduced elective admissions and increased uncompensated care. They have difficult challenges, and they require creative solutions that will work within the limitations of budget constraints, staffing requirements and labor relations."
To address cost issues, organizations are considering a variety of approaches, including:
- Auditing dependent eligibility
- Reducing health risk of employees
- Increasing cost borne by employees
- Channeling employee care back to their own facilities
- Enhancing employee appreciation of the benefits they already have
For information on Keenan insurance brokerage and consulting programs, visit www.keenan.com. For a copy of the Executive Summary of the 2009 Health Care Benefits Strategy Survey, contact Tim Crawford tcrawford@keenan.com
About Keenan
Keenan is the 14th largest insurance consulting and brokerage firm in the United States and the largest independent broker in California. Keenan provides insurance products and services to healthcare organizations, schools, community colleges, and municipalities for employee benefits, third-party claims administration, workers' compensation, integrated disability, risk management, and property and liability. Keenan has throughout California and a staff of more than 650 insurance specialists.
SOURCE Keenan & Associates
Source: PR Newswire
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