Resources | Connect Healthcare Collaboration

The Business Economics of Reproductive Health Benefits: ARC Fertility's Comprehensive Approach

Written by Connect Healthcare Collaboration | Aug 13, 2024 6:10:11 PM

By: ARC Fertility

Infertility is a deeply personal challenge with significant economic implications for individuals, families and society. As the need for reproductive health solutions grows, so does the importance of innovative and affordable reproductive health benefits and fertility care. ARC Fertility addresses these economic and emotional challenges through customized, high-quality and flexible fertility benefits.

 

Economic Impact on Individuals and Families

Fertility treatments, particularly invitro fertilization (IVF), are costly, with each cycle ranging from $12,000 to $25,000. This high expense, combined with the uncertainty of success—only 30-40% of women achieve a live birth on their first try—often creates significant economic challenges.

 

Issues associated with infertility can impact employee absenteeism, workplace performance and productivity, with a ripple effect throughout the organization. In response, ARC Fertility offers the lowest-cost, highest quality, evidence-based fertility treatment programs, with flexible plan designs, discounted prices and waste avoidance resulting from miscoding and unnecessary testing and treatments.

 

Societal Economic Impact

The impact of infertility extends beyond individuals and families, affecting broader societal and economic structures. According to the World Health Organization, around 17.5% of the adult population – roughly one in six worldwide – experience infertility. And with steep out-of-pocket fertility treatment costs of over $10,000, according to the Kaiser Family Foundation, solutions are often inaccessible to many.

 

Earlier this year, a study published in the British Medical Journal (BMJ) advocated for more inclusive fertility treatment, emphasizing the importance of social action to address the burden of infertility. The paper highlights the critical intersection of societal priorities and individual human rights in addressing the global health problem of infertility and calls for harmonization of these priorities to create a more balanced approach to infertility treatment. This study sheds light on the crucial need to integrate fertility care into broader reproductive health priorities and the importance of ensuring that policies and practices align with both societal needs and individual human rights to build a more inclusive future for fertility care.

 

ARC Fertility’s solutions help mitigate these broader economic consequences. By partnering with leading fertility specialists that have been carefully vetted to ensure adherence to evidence-based fertility care and offering discounted treatments and medications, ARC ensures patients receive high-quality care at lower costs, easing the economic burden on employers, the healthcare system and society.

 

ARC Fertility Key Differentiators

ARC Fertility continues to expand its partnerships with mid-to-large size employers by providing inclusive, flexible and affordable fertility benefits that cater to the diverse needs of employees and employers. The approach is based on three core principles: quality, cost and flexibility.

  • Quality Care: ARC’s network includes thoroughly vetted physicians and clinics that offer individualized, evidence-based care packages. ARC’s Concierge Care Navigators and digital resources ensure an excellent patient experience, reflected in an impressive net promoter score of 80+. Superior outcomes are achieved through data-supported treatments.

  • Cost-effective Solutions: ARC offers fertility services at prices over 15% lower than competitors, with no per member/employee per month (PMPM/PEPM) fees. Discounted prices, waste avoidance through evidence-based treatment plans and a reduction in twin rates by 20-30% further enhance affordability. These measures ensure patients only pay for services when used, making fertility treatments more accessible and financially manageable.

  • Flexible Support: ARC provides customizable and inclusive plan designs, allowing employers to tailor fertility benefits to their employees’ specific needs. Optional services include discounted prescriptions and extend reproductive health services for both women and men. Employers can define subsidy levels and select from various support options, ensuring a comprehensive and flexible benefits package.

 

The Future of Fertility Benefits

ARC Fertility is transforming fertility benefits into a key component of employer recruitment and retention of top talent. Looking ahead, employees will increasingly prioritize access to quality services when considering job opportunities. Offering comprehensive fertility benefits supports employees on their path to parenthood, enhances talent retention and fosters a supportive work environment. By integrating these benefits into employee benefits packages, employers promote inclusivity and equity.

 

A comprehensive report from Resume Builder highlights that 20% of workers are hesitant to seek jobs in states with restrictive reproductive policies, emphasizing the growing importance of fertility benefits. In fact, one study found that 88% of employees would consider changing jobs to access fertility benefits. 

 

Going forward, a growing number of companies of every size and in every industry will be including reproductive health benefits. According to the International Foundation of Employee Benefit Plans, 40% of employers offer fertility benefits, which is an increase from 30% three years ago.

 

David Adamson, MD, Founder and CEO, ARC Fertility says, "Employers who prioritize comprehensive fertility care demonstrate their commitment to their employees' overall health and well-being, fostering a more inclusive and supportive workplace culture." This proactive approach highlights the growing recognition of fertility care as a crucial component of competitive employee benefits packages.

 

Shaping a Supportive Future

ARC Fertility is committed to transforming the narrative around infertility by providing affordable, inclusive and comprehensive fertility benefits. By empowering individuals and families, enhancing workplace productivity and fostering supportive work environments, ARC Fertility contributes to a more economically sustainable path to parenthood.

 

For more information on how ARC Fertility can assist your organization in providing comprehensive fertility health benefits, contact ARC Fertility today.

 

Together, we can cultivate a workplace that embraces inclusivity and places a high value on the well-being of every employee.