Marvin OnumonuHCML has launched two new healthcare trust solutions aimed at giving employers more control over their health and wellbeing strategies.
The business is now offering these solutions to the intermediary market, using its biopsychosocial approach.
The new trusts are HMRC approved, letting organisations manage and fund health benefits for their workforce.
Employers can set their own rules and benefits, with any extra funds able to go towards future healthcare costs.
The sole trust is aimed at large companies with over 1,000 employees.
It allows employers to fully customise healthcare benefits, including both clinical and non-clinical options like weight management, mental health, and sleep programmes.
Employers get access to real-time data on claims and can use this to inform wellbeing strategies.
The solution offers streamlined administration and, if needed, support from HCML’s governance team.
Meanwhile, the master trust is for businesses with at least 500 employees.
It lets multiple employers join a shared trust, offering broader coverage than standard private medical insurance and reducing admin.
Employers put money into a central fund to pay claims for benefits they choose.
This gives more flexibility and control compared to traditional insurance.
Services available through both trusts include GP consultations, referrals, tests, treatments, physiotherapy, mental health support, and wellness programmes.
Employers also get access to HCML’s data insights to help shape future health strategies.
The trust board is chaired by David House, Dr Markus Laupheimer, Jamie Evans and Pamela Gellatly.
The governance team oversees the master trust and can advise sole trust clients needing specialist support.
James Murray, CEO at HCML, said: “We’re really excited to be able to launch this proposition to market. With customisable benefits and real-time management insights, the healthcare trusts are designed to deliver unparalleled support for employee health and wellbeing.
“Harnessing the power of our biopsychosocial approach, through the Trusts we can address underlying workforce issues, reduce illness and absenteeism while cultivating a healthier workplace.
“This approach leads to far more effective outcomes for the organisations we work alongside; reducing the need for unnecessary clinical interventions, preventing reoccurrences, improving productivity and in many cases see significant improvements in overall health and wellbeing within the workforce.”
House said: “HCML puts business in control with smarter, data-driven healthcare solutions and our proactive approach improves employee wellbeing, reduces costs and ensures healthcare trusts deliver real value.
“The HCML Master Trust propositions will give organisations access to a new level of healthcare, enabling them to provide valued employees with the level of healthcare provision they deserve to prioritise their health and wellbeing.”
