Nonwage compensation provided to employees. The National Compensation Survey groups benefits into five categories: paid leave (vacations, holidays, sick leave); supplementary pay (premium pay for overtime and work on holidays and weekends, shift differentials, nonproduction bonuses); retirement (defined benefit and defined contribution plans); insurance (life insurance, health benefits, short-term disability, and long-term disability insurance) and legally required benefits (Social Security and Medicare, Federal and State unemployment insurance taxes, and workers’ compensation). Health benefits made be more widely defined within the scope of value-based benefit design to include for example, free or reduced gym memberships, health education and smoking cessation classes, and free vaccinations.
Nonwage compensation provided to employees. The National Compensation Survey groups benefits into five categories: paid leave (vacations, holidays, sick leave); supplementary pay (premium pay for overtime and work on holidays and weekends, shift differentials, nonproduction bonuses); retirement (defined benefit and defined contribution plans); insurance (life insurance, health benefits, short-term disability, and long-term disability insurance) and legally required benefits (Social Security and Medicare, Federal and State unemployment insurance taxes, and workers’ compensation). Health benefits made be more widely defined within the scope of value-based benefit design to include for example, free or reduced gym memberships, health education and smoking cessation classes, and free vaccinations.
An advanced primary care model in which physicians actively work with patients to help them manage and improve their health status. Also referred to as ""patient-centered medical home."" Definitions of medical home vary, but typically include features such as care coordination, use of healthcare information technology, convenient communication (e.g. email), tracking and acting on gaps in care, and open scheduling.
Value-based insurance design bases an individual's out-of-pocket costs according to the value of a medical service or product for a specific patient population. Although cost-sharing still occurs in this design, it is used to encourage use of the clinical intervention, mitigating adverse health consequences that may lead to even higher cost interventions. The value of the clinical intervention will vary across patient groups and their demographic differences and therefore be subject to different cost-sharing levels.
Value-based insurance design bases an individual's out-of-pocket costs according to the value of a medical service or product for a specific patient population. Although cost-sharing still occurs in this design, it is used to encourage use of the clinical intervention, mitigating adverse health consequences that may lead to even higher cost interventions. The value of the clinical intervention will vary across patient groups and their demographic differences and therefore be subject to different cost-sharing levels.