Every organization that employs other individuals needs a strategic solution for the health care coverage of their employees. It needs to be part of their package and something employees look up to as a positive component of their employment package. Often, having a health care package means they get less in monetary benefits so [...]
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| | Loss of productivity due to medical (sick) leave One of the main reasons for loss of productivity in any industry is absenteeism from work. Though most employees take sick leaves they may not always be telling the truth. According to reports only 20% of cases are genuine enough to warrant absence from work. Most of the [...] A third (3rd) party administrator (TPA) is a business unit, company or organization that processes medical, dental and or insurance claims for a client or insurance company. Third Party Administration is in fact a form of ‘outsourcing’ for companies who farm out tasks and administrations which are not part of their core area of competency. Third party administration is a form of outsourcing services provided by external parties to [...] Every year about 68% of our government health subsidy goes towards inpatient and day surgery health care expenditures. Only 10% of the subsidy is spent on primary care outpatient visits at the polyclinics. Every one in 11 Singaporean gets hospitalized each year. But each adult is likely to make 4 to 6 visits to the [...] |
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