How an Aerospace Company Delivered Topflight Mental Health Benefits & Saved 39% on Care Costs
A leading aerospace manufacturer, known as a pioneer in the industry, came to Lyra when it found itself shouldering costly mental health-related insurance claims through its medical plan – costs that were soaring despite the many obstacles to in-network care employees faced. The company partnered with Lyra to deliver fast access to high-quality care for their 15,000+ employees and their families, and in just two years, the partnership reduced their mental health care costs by 39% while increasing the number of employees getting mental health support.
The case study highlights:
- The company cut their mental health care costs by 39% in just two years while increasing the number of employees getting mental health support
- Fast access to care reduced the number of members getting care in costly in-patient, residential, and intensive outpatient programs
- Employees got rapid access to care for common mental health conditions like anxiety and major depression as well as non-clinical yet significant challenges including stress, burnout, and relationship problems
- Lyra became a beloved benefit for the entire workforce