Globalization of the economy, employee mobility, high cost of employee replacement, and the need to retain valuable employees, have posed new challenges for companies. At the same time cost of medical treatment is escalating at an alarming rate. Healthcare episodes range from high frequency low-cost conditions, through to major surgical events requiring intensive care costing Rs. 200,000 or more. Today, employees demand and choose to work for companies that offer medical benefits.

Some companies have offered medical benefits to their employees by maintaining an accounts ledger of medical expenses and reimbursing claims. They have not only experienced steadily rising costs but also sudden peaks in expenses caused by major medical events. Managing health care requires a combination of clinical knowledge, contractual administration, tracking systems and healthcare management expertise. As their primary focus is to make a profit in their core business they neither have the time nor the resources to undertake healthcare management on their own and then there is also the risk associated with major medical events.

The answer is to out-source your medical benefits to a healthcare specialist. The healthcare specialist for a growing number of leading businesses in Pakistan is EFU Life.