Using an Informed Approach to Ensure a Healthier Workforce
Swedish employees and their dependents receive some of the most generous healthcare benefits in the region. For many years, Swedish has paid close to 100% of all employees’ healthcare benefits. As a healthcare provider we value the health and well being of our workforce; however, as healthcare utilization and costs continue to rise, we must take a hard look at how we can control our own medical plan.
At a recent bargaining session, Swedish brought in Dr. Randy Axlerod, a national expert on medical plans, to share the findings of his research that looked at how Swedish could begin to better utilize our healthcare resources. The findings were shocking. We wanted to give all Swedish employees the opportunity to see Dr. Axelrod present his research findings with Dr. Jay Fathi. We are posting short videos of some of Dr; Axelrod’s findings on the Negotiation News website and you can click here to watch online.
Puget Sound Business Journal reports on the Current Economic Crisis Facing Seattle area Hospitals
On Friday, July 29, the Puget Sound Business Journal published a comprehensive look at the financial crisis Swedish and other Puget Sound regional hospitals are experiencing. The article discussed some of the issues we’ve raised in the previous Negotiation News posts such as the impact of growing Medicare enrollees, combined with fewer private insurance enrollees, decreasing state support, increasing treatment of uninsured patients as well as the increasing costs to provide healthcare to employees and their dependents. The article includes quotes from Swedish management and union leadership; both acknowledging that employee benefit costs are “unsustainable” and need to be addressed in the new contract.
If you have not had a chance to read this article, we’ve included a link for you here: click here to see the PDF.
Questions or Comments?
As always, we appreciate hearing from you. Please feel free to submit questions or feedback to email@example.com or here at www.swedish.org/negotiationsnews