Episode 5: Digital Health Solutions & Cost Management with David Fosgate

In this episode of Bending the Trend, host Norm Volsky interviews David Fosgate, the Senior VP of Employee Benefits at Lockton and a consultant in the healthcare space. Norm and David discuss innovative strategies to combat rising healthcare costs. They explore successful digital health solutions, cost management strategies, and the importance of supporting employees through healthcare challenges. The conversation highlights the need for transparency in healthcare and the potential for future innovations. Takeaways🏃‍♂️ Hinge Health is a leading provider of digital physical therapy. 💰 Avoiding unnecessary surgeries can lead to significant cost savings. 🎗️ Cancer care programs are crucial for self-funded groups. 💊 Pharmacy costs are a growing concern for employers. 📊 Data analytics can validate the ROI of healthcare solutions. ❤️ Emotional ROI is as important as financial ROI in healthcare. 🔄 Redirecting savings can improve employee benefits. 🚁 Airflares are a new area of interest in healthcare funding. 🤝 Collaboration among employers is essential for change. 💡 Identifying gaps in healthcare solutions can inspire innovation Chapters00:00 Innovative Strategies in Digital Health05:41 Cost Savings and ROI in Healthcare Solutions10:07 Future Opportunities in Healthcare Solutions