Healthcare Expense per Employee
This PDF report includes benchmarking data (in a visual, chart-based format), an comprehensive KPI definition, characteristics of high performers and technical details on measuring Healthcare Expense per Employee. Purchase and download this easy-to-understand, presentation-ready report immediately to compare performance levels, set attainable performance targets, and push towards best-in-class performance for this KPI.
What is Healthcare Expense per Employee?
The average amount of health insurance expense (premiums paid to health insurers minus any expenses paid by the employees) incurred by the company, for each employee working for the company (regardless of whether or not they are covered under the company's health plan).
Why should Healthcare Expense per Employee be measured?
This metric measures average health insurance costs (to the company) paid by the company for each individual working for the company, regardless of their level of coverage under the company's plan. While companies typically strive to offer competitive health insurance benefits to current and potential employees (in order to retain and attract talented individuals), program costs must be benchmarked against those offered by similar companies (and the market, in general) to ensure that the company is not over or under-serving their workforce. In some cases, employers may look to move to another insurance provider who may offer lower rates for large group programs, or can offer a superior network of healthcare providers (and overall coverage) at a similar cost.
Download a Sample Healthcare Expense per Employee
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