Business EconomyPosted at: Dec 2 2023 5:56PM

Escalating healthcare costs, mental health concerns impacting India Inc: survey

Mumbai, Dec 2 (UNI) A survey conducted by Global Insurance Brokers (GLOBAL) has presented interesting insights into impact of surging healthcare expenses on Corporate India in the post-COVID-19 landscape, revealing that an overwhelming 88 per cent of Corporate India is struggling primarily due to escalating hospital bills.
Key findings of the Annual Health and Benefits Survey 2023 underscore a stark reality -- healthcare expenditure have surpassed revenue growth, economic inflation and wage increases, intensifying financial challenges for organisations.
The upswing in hospital bills and related expenses has played a significant role in driving up healthcare costs.
Beyond financial concerns, the survey spotlights growing apprehension about employee mental health, with 46 per cent of respondents emphasising the pressing need for better mental health support in the workplace.
GLOBAL's comprehensive survey included decision-makers from diverse industries and company sizes. It calls for implementation of smart cost-management strategies and innovative infrastructure to address the rising healthcare costs effectively.
It also underscores the need for insurers, brokers, and third-party administrators to adapt to evolving
employee benefits landscape, a press release said here on Saturday.
UNI JM SS

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Tags: #Escalating healthcare costs # mental health concerns impacting India Inc: survey

Large office spaces dominate leasing activity in Hyderabad for H1 2024 :KFI

17 Sep 2024 | 4:34 PM

Hyderabad, Sep 17 (UNI) Knight Frank India (KFI), a leading real estate consultancy, reported that large office spaces (100,000 sq ft or more) accounted for 61 percent of Hyderabad's total leasing transactions in the first half of 2024 (H1 2024), with 3.08 million square feet transacted.

Escalating healthcare costs, mental health concerns impacting India Inc: survey

Kottayam-Kochi Rubber market rates

Large office spaces dominate leasing activity in Hyderabad for H1 2024 :KFI

India's merchandise exports slide 9 32 pc to $34 71 billion in August 2024; trade deficit in August surges to $29 65 billion

August wholesale inflation dips to 1 31 pc

India wholesale inflation eases to 1 31 pc in August: Govt data

NEW DELHI, SEP 17 (UNI):- Professor Michael Wesley, Deputy Vice-Chancellor, University of Melbourne, and Profssor Nicola Phillips of University of Melbourne at the launch of first Melbourne Global Centre, in New Delhi on Tuesday.UNI PHOTO-150U

NEW DELHI, SEP 17 (UNI):- Professor Michael Wesley, Deputy Vice-Chancellor, University of Melbourne, and Profssor Nicola Phillips of University of Melbourne at the launch of first Melbourne Global Centre, in New Delhi on Tuesday.UNI PHOTO-149U

BHUBANESWAR, SEP 17 (UNI):- Prime Minister Narendra Modi at the inauguration of Subhadra Yojana scheme, in Bhubaneswar on Tuesday. UNI PHOTO-148U

BHUBANESWAR, SEP 17 (UNI):- Prime Minister Narendra Modi at the inauguration of Subhadra Yojana scheme, in Bhubaneswar on Tuesday. UNI PHOTO-147U

BHUBANESWAR, SEP 17 (UNI):- Prime Minister Narendra Modi at the inauguration of Subhadra Yojana scheme, in Bhubaneswar on Tuesday. UNI PHOTO-146U

BHUBANESWAR, SEP 17 (UNI):- Prime Minister Narendra Modi inaugurating of Subhadra Yojana scheme, in Bhubaneswar on Tuesday. UNI PHOTO-145U

CHENNAI, SEP 17 (UNI):- Tamil Nadu Chief Minister M K Stalin paying tributes to Rationalist Leader and Social Reformer Periyar EV Ramasamy on the occasion of his 146th birth anniversary, in Chennai on Tuesday. UNI PHOTO-144U

CHENNAI, SEP 17 (UNI):- Tamil Nadu Chief Minister M K Stalin paying floral tributes to Rationalist Leader and Social Reformer Periyar EV Ramasamy on the occasion of his 146th birth anniversary, in Chennai on Tuesday. UNI PHOTO-143U

SRINAGAR, SEP 17 (UNI):- BJP National spokesperson Shazia ilmi addressing a Press conference in Srinagar on Tuesday. UNI PHOTO- 142U

SRINAGAR, SEP 17 (UNI):- BJP National spokesperson Shazia ilmi addressing a Press conference in Srinagar on Tuesday. UNI PHOTO- 141U

SRINAGAR, SEP 17 (UNI):- BJP National spokesperson Shazia ilmi addressing a Press conference in Srinagar on Tuesday. UNI PHOTO- 140U

SRINAGAR, SEP 17 (UNI):- BJP National spokesperson Shazia ilmi addressing a Press conference in Srinagar on Tuesday. UNI PHOTO- 139U

PATNA, SEP 17 (UNI):- Bihar Chief Minister Nitish Kumar worship Lord Vishwakarma on the occasion of Vishwakarma Puja, in Patna on Tuesday. UNI PHOTO-138U

PATNA, SEP 17 (UNI):- Bihar Chief Minister Nitish Kumar worship Lord Vishwakarma on the occasion of Vishwakarma Puja, in Patna on Tuesday. UNI PHOTO-137U

PATNA, SEP 17 (UNI):- Bihar Chief Minister Nitish Kumar worship Lord Vishwakarma on the occasion of Vishwakarma Puja, in Patna on Tuesday. UNI PHOTO-136U

PATNA, SEP 17 (UNI):- Bihar BJP president Dilip Jaishwal along with Bihar Deputy CMs Samrat Chaudhary and Vijay Kumar Sinha cut the74 kg laddu during the 74th birthday of Prime Minister Narendra Bhai Modi, in Patna on Tuesday. UNI PHOTO-135U

PATNA, SEP 17 (UNI):- Bihar BJP president Dilip Jaishwal along with Bihar Deputy CMs Samrat Chaudhary and Vijay Kumar Sinha during blood donation program to celebrating 74th birthday of Prime Minister Narendra Modi, in Patna on Tuesday. UNI PHOTO-134U

PATNA, SEP 17 (UNI):- Bihar BJP president Dilip Jaishwal along with Bihar Deputy CMs Samrat Chaudhary and Vijay Kumar Sinha during blood donation program to celebrating 74th birthday of Prime Minister Narendra Modi, in Patna on Tuesday. UNI PHOTO-133U

PATNA, SEP 17 (UNI):- Bihar BJP president Dilip Jaishwal along with Bihar Deputy CMs Samrat Chaudhary and Vijay Kumar Sinha cut the74 kg laddu during the 74th birthday of Prime Minister Narendra Bhai Modi, in Patna on Tuesday. UNI PHOTO-132u

PATNA, SEP 17 (UNI):- Bihar BJP president Dilip Jaishwal along with Bihar Deputy CMs Samrat Chaudhary and Vijay Kumar Sinha cut the74 kg Laddu during the 74th birthday of Prime Minister Narendra Bhai Modi, in Patna on Tuesday. UNI PHOTO-131U