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Flexible benefits plans. Perceptions of their effectiveness
1School of Allied Health Sciences, Florida A&M University, Tallahassee, USA.
Hospital Topics
|January 1, 1995
Summary
Flexible benefits plans help healthcare organizations control costs and meet diverse workforce needs. This study examines their perceived effectiveness and challenges in hospitals.
Area of Science:
- Healthcare Management
- Human Resources Management
Background:
- Flexible benefits plans, introduced in the 1970s, aim to manage healthcare expenditures and cater to diverse workforces.
- Healthcare organizations are increasingly adopting flexible benefits to address similar objectives.
Purpose of the Study:
- To investigate the perceived effectiveness of flexible benefits plans in hospitals.
- To identify the challenges associated with implementing flexible benefits in healthcare settings.
Main Methods:
- Data collected from human resources executives at hospitals.
- Comparison between hospitals with and without flexible benefits plans.
Main Results:
- Analysis of executive perceptions regarding the advantages and disadvantages of flex plans.
- Evaluation of the impact of flexible benefits on cost control and workforce satisfaction.
Conclusions:
- Flexible benefits plans offer potential solutions for healthcare cost management.
- Addressing implementation challenges is crucial for maximizing the benefits of these plans in hospitals.