In our recent Conference Board Employee Healthcare presentation, Return to Care: How Clinical Navigation Can Bridge Gaps in Care in a Post-COVID World, I had the pleasure of speaking alongside Lesley Leiserson, Senior Director of Benefits for The Home Depot. I discussed the challenges facing employers and members in the current healthcare system, especially in the face of COVID. Leslie then went over the positive results her company has experienced by partnering with Grand Rounds.
Members Struggle to Navigate the Healthcare System
The winding journey members must take to get the care they need triggers a host of questions including:
- What health condition or illness do I have?
- What are the possible treatments?
- How much do the medications cost?
- Who’s the best at treating this condition or illness?
- What ongoing care and precautions do I need to take?
- What are the health risks?
- When can I get back to living my life?
Getting the right answers to these questions pose big problems for employers, such as:
- A rising health costs trend—record employer spend of $20,000+ per family on 2019 premiums.
- Poor health outcomes—lowest life expectancy and highest infant mortality in the U.S. as compared to other high-income countries.
- Under-resourced benefits teams—HR teams manage two to three times more vendors than other functions do.
- Unhappy members—health insurance average Net Promoter Score (NPS) ranks only above internet/cable providers.
Employers in aggregate waste about $300 billion in annual healthcare spend. And they’re now experiencing the profound effects of the coronavirus pandemic with:
- One out of three members deferring or canceling care.
- Over 41 million unemployment claims filed.
- 56% of adults reporting mental health declines.
Health Impacts Outlast Those of the COVID-19 Virus Itself
It’s expected that 97% of patients will reschedule appointments and procedures once the worst of the COVID-19 pandemic subsides. High-risk members will be in urgent need of care, but will find in-person specialties simply aren’t available. Mental health needs will also be unmet as supply will fall well short of demand.
The need for full-person care has never been higher.
One thing’s for certain: Employers along with the over 2.6 million lives on the Grand Rounds platform are feeling a lot more confident than those who don’t have a full-service navigation partner. But don’t take our word for it. See what Lesley has to say about her company’s experience with Grand Rounds.
Grand Rounds Helps The Home Depot Keep Employees Healthy and Safe
The Home Depot’s number one priority is to create an atmosphere where its associates and customers are safe. Grand Rounds, said Lesley, has played an integral part in achieving that goal for about 120,000 associates in the United States.
“Take care of the associate, they’ll take care of the customer, and the rest will take care of itself.”
The Home Depot’s Health and Wellness Strategic Pillars
- Increase high-quality care and support to improve health outcomes
- Support associates on their healthcare journey
- Create the best healthcare experience possible
- Evaluate and embrace new ways to treat medical conditions
To support these pillars, said Lesley, Home Depot decided to “date other vendors and see what we might find.” What the company found was a marriage that became “a one-stop shop” for their associates’ healthcare needs. She added:
“We got married, had a baby and bought a house. … The good news is we’re stronger than ever. The foundation is amazing, and I will tell you having Grand Rounds as a partner … has been tremendous.”
The Home Depot’s Associates and HR Team Reap Grand Rounds Benefits
- 24% improvement in quality among those seeing recommended providers
- 38% clickthrough rate on 2,800+ benefit recommendations
- 88% satisfaction with high-touch Grand Rounds services
- 51% utilization of Grand Rounds services
Associates receive 24/7 clinical, administrative and advocacy support. Take a look at two testimonials from The Home Depot team:
- “The clinician spent time with me. He made me feel important and that no question I asked was dumb or a waste of time.”
- “Very easy to find my doctor and urgent care network availability. Actually this is the easiest search I have ever done when choosing a new plan. This search experience gets 5 stars!”
In addition, Home Depot’s HR team has easy access to clinical insights to support the company’s strategic planning. Dr. Todd Thames, Grand Rounds’ Senior Regional Medical Director, collaborates with Home Depot to provide:
- Wellness program review and guidance
- Advice on COVID-19 response plans
- Population health insights
Having all of the Grand Rounds services—expert medical opinion, navigation, telemedicine and urgent response—has significantly raised The Home Depot’s standard of care.
Want to learn more about Grand Rounds’ solutions? Email us at firstname.lastname@example.org.