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Obesity and Lost Productivity

Obesity and Lost Productivity. Thomas Parry, Ph.D. President Integrated Benefits Institute. The Costs of Obesity*. * Preliminary results – not for citation/publication. The Impact of Co-Morbidity*. * Preliminary results – not for citation/publication. Obesity and Co-Morbidity*.

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Obesity and Lost Productivity

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  1. Obesity and Lost Productivity Thomas Parry, Ph.D. President Integrated Benefits Institute

  2. The Costs of Obesity* * Preliminary results – not for citation/publication

  3. The Impact of Co-Morbidity* * Preliminary results – not for citation/publication

  4. Obesity and Co-Morbidity* # of Co-Morbidities Obesity Ranking * Preliminary results – not for citation/publication

  5. Why Productivity?

  6. Hewitt’s 2008 Employer Health Care Survey • 508 employer participants • Productivity: 2nd-most important business issue • Health and productivity measurement key employer challenge • The need to integrate programs across silos

  7. The Real Problem: The Full Cost of Poor Employee Health

  8. The CFO’s View

  9. Linking Health, Productivity & the Bottom Line Source: CFO Survey, IBI, 2002

  10. The Impact of Ill-Health 96% 90% 86% 84% 71% 47% Source: The Business Value of Health: Linking CFOs to Health and Productivity, IBI, 2006

  11. Quantifying Lost Productivity What is the real cost of people being away from work?

  12. Lost Productivity Costs a Function of …. • Ability to replace workers • Time value of output • Degree of team work

  13. Real Costs/Program $3,090 $2,505 $1,796 $660 $392 $178 * Nicholson Lost-productivity modifier

  14. The MGM MIRAGE Case StudyMaking the Business Case for HPM to Senior Executives

  15. IBI Health & Productivity Snapshot Results 1.8 lost days per FTE/Year Lost worktime = 8 days per FTE/Year of $2,598 per FTE/Year in Lost Productivity 6.2 lost days per FTE/Year

  16. The Bottom Line One Day of Productivity Improvement Savings $18.8 MM Wall-Street Multiple 13X Outstanding Shares 292 M Gain in Stock Price $ .84/share Principal Owner (56%)$137.4MM

  17. For More Information Thomas Parry tparry@ibiweb.org www.ibiweb.org

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