Healthcare costs, the second-largest business expense after compensation, present significant challenges for both HR and finance teams. By fostering collaboration, these departments can work together to manage and reduce healthcare costs while aligning with broader business objectives. In this session, we’ll explore strategies for engaging the C-suite in meaningful conversations about healthcare expenses. Learn how finance and HR can frame healthcare costs within the context of overall business priorities, demonstrating the strategic value of cost management initiatives and driving informed decision-making. Join us to gain practical insights for building stronger partnerships and presenting healthcare data in a way that resonates with executive leadership.

Key Takeaways

• See an example of a strategic forecasting tool that shows real-time financial implications of plan design changes.
• Explore how healthcare costs influence global business budgets.
• Implement specific strategies that align HR and finance objectives to optimize healthcare benefits and illustrate their impact on financial planning.