For Employers
As an employer, you probably struggle to balance your desire to build a healthy workforce with the economic constraints brought about by ever-increasing healthcare costs. You want to provide benefits that have practical and emotional significance to your employees and new recruits, but don’t cripple your business financially.
The very first VitalKey holders were clients of The Executive Health Evaluation – business leaders who prioritize their health and invest in protecting it. Now, businesses are starting to view the VitalKey as a healthcare benefit that fits nicely into this complex picture.
Will the VitalKey pay for itself as an employee benefit?
We believe that it will in three important ways.
Experts estimate that 10% of tests ordered by doctors are unnecessary or duplicative and are ordered simply because prior results are not accessible when they are needed. Looking only at laboratory testing in the U.S., this equates to $4 billion in annual waste. The VitalKey eliminates this waste by making test results available whenever they are needed.
Medical errors are among the leading causes of death in the U.S., and they cause billions in wasted expense to the millions of patients who are injured every year by errors. The VitalKey reduces significantly the likelihood of errors for those who carry it.
The VitalKey engages people in their own healthcare. If you have ever looked at your credit report online, you know how simply having access to this information engages you in keeping your financial house in order - scouring for errors and inaccuracies. The same is true of the VitalKey.
For most people, the VitalKey creates their first opportunity ever to see their medical records. Everybody wins when employees become engaged in their own healthcare.
Other things to consider as an employer
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The VitalKey subscription can be paid from a Flexible Spending Account (FSA) or Health Savings Account (HSA).
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It can be used as an incentive for employees to move to a high-deductible, self-directed health plan.
If you think the VitalKey may play a role within your company,
contact us.
Order Your VitalKey
This is the easiest precaution you can take to protect yourself and your family.
