What is the story about?
What's Happening?
Clinically managed fertility benefits are being adopted by companies like Universal Music Group to improve fertility outcomes and reduce healthcare costs. Unlike traditional programs that merely direct employees to clinics, these benefits involve active medical oversight and care coordination. This approach helps employees make informed decisions, leading to better outcomes and lower costs. A webinar hosted by Maven Clinic's Senior Director of Clinical Outcomes, Julie Anderson, and Universal Music Group's Vice President of Benefits, Christopher Smith, will discuss the advantages of clinically managed care and its impact on employee retention and experience.
Why It's Important?
The shift towards clinically managed fertility benefits is crucial for both employees and employers. For employees, it means receiving comprehensive support throughout their family-building journey, which can lead to better health outcomes and reduced stress. For employers, it translates to lower healthcare costs and improved employee satisfaction and retention. As fertility benefits become a key component of employee wellness programs, companies that adopt this model may gain a competitive edge in attracting and retaining talent.
What's Next?
Companies may increasingly adopt clinically managed care models to enhance their fertility benefits offerings. This could lead to a broader industry trend where medical oversight becomes standard practice in employee health benefits. Employers might also explore partnerships with healthcare providers to streamline the implementation of these programs, ensuring minimal administrative burden while maximizing benefits for employees.
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