Benefit leaders are in the people business: 69% see the immense value of adding a comprehensive women’s health benefit to their benefits ecosystem, both in terms of employee satisfaction and the ability to recruit and retain quality talent.1
But healthcare costs are expected to rise nearly 6% in 2025,2 which means adding any new benefit can have a significant impact on the bottom line. With these environmental factors in mind, it’s crucial for benefit leaders to continue to be in lockstep with CFOs as they work to balance financial obligations with exciting opportunities to drive employee engagement and retention, such as providing a comprehensive women’s health benefit.
Progyny recently surveyed a network of 30 CFOs to learn how they weigh the short- and long-term costs of specific employee benefits. The good news: CFOs believe providing the right women’s health benefit offers long-term gains in employee engagement and healthcare cost savings – and that this is a benefit they are likely to green light.
A deep dive into how CFOs evaluate the costs and rewards of a new women’s health benefit
- 59% of CFOs have implemented a new benefit to improve the inclusivity of their benefits ecosystem or make their company more competitive when it comes to employee recruitment and retention
- 53% of CFOs say the impact on employee recruitment, retention, and engagement is the most important factor when considering new benefits
- 50% of CFOs say it’s good business to provide good benefits that support downstream cost avoidance, even if it requires a higher investment in the short term
- 60% of CFOs seek a women’s health benefit partner, not just a vendor, who can help them understand cost-benefit analysis and project ROI
The CFOs’ inputs support Progyny’s 99% retention rate across more than 530 clients. Year after year we deliver superior clinical outcomes for members and healthcare cost savings for employers. Our entire program is designed to help you make an impact, both in employee engagement and in cost savings:
- Progyny is the only solution on the market that delivers actual outcomes to clients, so you understand, down to the dollar, how our benefit helps you avoid high-risk maternity and NICU spend.
- Our extensive network and leadership in the market means we can negotiate discounted rates with each of our practices individually.
Fill out the form to get access to the full report on the CFO’s perspective—and why Progyny is the ideal partner on your journey to provide a comprehensive women’s health benefit. Our team is also available to answer your questions about our ability to help you deliver superior outcomes from preconception, fertility, and family building through to pregnancy, postpartum, and midlife. Get in touch at sales@progyny.com.
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1 CVS Health Study 2 Mercer National Study of Employer-Sponsored Health Plans