Steel Dynamics: Saves an estimated $870k on medical spend using Castlight

Steel Dynamics

Steel Dynamics is one of the largest domestic steel producers and metals recyclers in the United States based on estimated annual steelmaking and metals recycling capability, with facilities located throughout the United States, and in Mexico.

Goals

Help employees become more informed healthcare consumers.
Increase engagement with health benefits and stay engaged in their health journey.

Key Metrics: Value on Investment (VOI)

After investing time and resources into implementing a benefits program, Steel Dynamics wanted to be sure the investment was worthwhile. However, just like healthcare, measuring the value of a benefits program is complex. Castlight demonstrates Value on Investment (VOI) to Steel Dynamics using three key pillars:

Direct cost savings
Program engagement
Employee satisfaction

VOI gives a comprehensive view of Castlight is making an impact on Steel Dynamics’ diverse employee population. This continual assessment enables Steel Dynamics to make data-driven decisions, set program benchmarks and justify investment in their employees’ health journey.

Results

1.5%
reduction in medical spend
86%
of employees registered with Castlight
50
Net Promoter Score

Ready to get started?

Let’s optimize your benefits.

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