Lately, it seems harder than ever to open up a business and have it succeed. Between the shocking amount of small businesses that closed during the worst days of the pandemic, to the supply chain problems that continue to plague many businesses big and small, it may seem like a difficult time to open the business you have always dreamed of. But what if the actual biggest threat to your business has nothing to do with cargo ships stuck at port, labor shortages, or poor management? What if the biggest threat to your business actually lies in your ability to provide healthcare. For many small businesses, this is becoming a huge problem. Let’s take a deep dive into how a lack of healthcare for employees is the biggest threat your business could face.
The hidden threat to the success of your business.
It’s no secret that providing healthcare and insurance plans is a huge bonus for potential employees looking to come on board. But for many small businesses, providing access to a good medical benefits plan is not a possibility, as there are often too few employees for it to be financially possible. Lack of good healthcare is not only a problem for small businesses but also a challenge facing larger companies. Oftentimes, the plans offered through larger corporations have not been recently evaluated and may not work as well as they should for the employees who use these medical benefits. These healthcare plans can often be the deciding factor for new employees so it is important to find one that works for the needs of everyone at your business.
How health plans can save your business money.
While offering quality healthcare to your employees can seem financially difficult, it pays off in the long run by eliminating the threat to your business.
This particular threat is twofold, the first being dissatisfaction among employees and the second being the loss of employees due to this dissatisfaction. Poor healthcare can make those working at your business feel a lack of respect from the business. It is important to keep your employees happy and healthy so that they can do the best job possible. Providing good, preventative healthcare reduces the number of employee sick days, as well as a high rate of employee turnover that can be so harmful to businesses. It’s quite simple, in today’s job market many larger companies are able to offer high-quality medical plans, and if your employees feel taken advantage of they may begin to look at other job opportunities. This creates a high turnover rate as well as a feeling of unease and discontentment that can be a huge threat to the overall wellbeing of your business.
Finding the right health plan for your employees.
In order to keep your employees happy and healthy, it’s important to create a medical plan that is tailored to your needs. This plan should reflect the size of the company, age of employees, as well possibly include families or other additional elements that go beyond just regular primary care. These could include benefits like dental care, vision care, and even prescription drug coverage. These benefits should be based on the overall makeup of your company and what your employees require to remain healthy and help your business succeed. The key to making sure that healthcare is not a threat to your business is to stay ahead of the medical trends. By anticipating the rising costs of healthcare, you will help keep your employees in good working shape, and your business thriving.
If you are a small business owner looking to add health benefits to your business, you should look no further than Karis Medical. Karis has low-cost, straightforward, corporate plans that allow you to provide your employees with high-quality direct primary care. Take a look at our subscriptions page to learn more about how Karis can bring direct primary care right to your business.