American Express, PwC among the top 10 companies with the most supportive adoption benefits
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FAMILY TIME: Family-friendly benefits have become a pressing need in the HR space, and employers have realized that every kind of family — no matter how it's built — deserves the same support.?
Nonprofit organization The Dave Thomas Foundation for Adoption released its 16th Best Adoption-Friendly Workplaces list, scoring survey participants on three criteria: financial reimbursement (45%), paid leave (45%) and the percentage of employees eligible for those benefits (10%).?
"All kinds of adoption should be eligible for benefits — whether it's international adoption or domestic adoption," says Rita Soronen President & CEO of Dave Thomas Foundation for Adoption . "This means encouraging and providing financial benefits for families who adopt as well as paid leave for families who adopt, so that there is time for the family to bond without it being a penalty to the family because that's still a requirement — whether it's an infant that comes into the family through birth or if it's a child that comes to the family through adoption."?
COST OF CARE: Increases in global healthcare benefit costs are expected to hit their highest levels in roughly 15 years, according to a new survey of insurers, conducted by WTW . Worldwide, a 10% increase is expected for 2023.?
WTW's 2023 Global Medical Trends Survey found that 78% of global insurers are bracing for higher or significantly higher cost increases in the next three years. Those projections vary by region: Europe can anticipate an 8.6% increase next year; cost increases for Latin America are expected to hit a staggering 18.9%. North America is the one outlier within the report, with cost growth expected to drop to 6.5% over 2022's 9.4% increase.?
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INNOVATING ACCESS: Earlier this year, Hinge Health — a digital platform that treats musculoskeletal conditions — launched its women's pelvic health program, addressing often overlooked conditions that one in four women will experience.?
Development of the virtual program was led by Karen Stander, FACHE , VP of physical therapy and women's health at Hinge Health. The platform connects users to physical therapists, as well as videos, customized assignments and goals to help them complete exercises in the privacy of their homes. For Stander, a recipient of EBN’s 2022 Excellence in Benefits award, it’s not just about adding ease. It’s about expanding access.?
“Digital-first access reduces barriers to care, from transportation to time off,” Stander says. “It also suits a world in which people are no longer distrustful of telehealth. Plus, there are just not a lot of pelvic floor therapists in the U.S., especially in rural areas — wait lists to connect with a provider can be months long. This is, in contrast, nearly instantaneous access.”