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Workforce Health -- From Cost to Value --

Workforce Health -- From Cost to Value --. Michigan Purchasers Health Alliance September, 2006. Thomas Parry, Ph.D. President. Integrated Benefits Institute. Today’s Discussion. What’s the issue? Does senior management get it? What are the real costs of health?

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Workforce Health -- From Cost to Value --

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  1. Workforce Health-- From Cost to Value -- Michigan Purchasers Health Alliance September, 2006 Thomas Parry, Ph.D. President Integrated Benefits Institute

  2. Today’s Discussion • What’s the issue? • Does senior management get it? • What are the real costs of health? • Emerging ER strategies to manage health and productivity

  3. What’s the Real Issue?

  4. This?

  5. National Healthcare Expenditures Projected Actual Source: CMS, Office of the Actuary, National Health Statistics Group.

  6. Then, The Solution Plan Design Healthcare Costs

  7. Or This?

  8. Leveraging Human Capital Company

  9. Demonstrating Healthcare Value Health Status Black Box Business Impacts

  10. About IBI • National, non-profit • 400+ corporate sponsors • Programs • Research • Health & productivity measurement • Benchmarking • Education

  11. Can Senior Management be Change Agents? IBI’s CFO Research

  12. Linking Health, Productivity & the Bottom Line

  13. The Impact of Ill-Health 96% 90% 86% 84% 71% 47%

  14. How Much Absence?

  15. How Much Presenteeism?

  16. Lost Worktime Criticality

  17. CFO’s Role in Benefit Decisions

  18. Absence Overtime pay Lost revenue Temporary help Quality lapses Wage replacement Presenteeism Overtime pay Temporary help Quality lapses Lost revenue Additional staff Measuring the Impact

  19. Are CFOs Being Informed? • Absence • 44% never get reports on occurrence • 72% never get reports on financial impact • Presenteeism • 83% never get reports on occurrence • 84% never get reports on financial impact

  20. Healthcare Management Objectives for Next Two Years

  21. Quantifying Health-Related Lost Productivity

  22. Translating to the Business

  23. How CFOs Would Use Productivity Information

  24. Then, the Solution Health Status Healthcare Costs Absence Presenteeism Lost Productivity Business Impacts

  25. The Real Costs of Health

  26. Perceived Costs/Program $3,090 $762 $435 $387 $172 $6 2002 Benefit Data • * Mid-point of lost productivity estimate used

  27. The Opportunity Cost of Absence What is the real cost of people being away from work?

  28. Responding to Work Absence

  29. The Range of Lost Productivity Costs 2002 Benefit Data

  30. Full Costs/Program $3,090 $2,621 $1,890 $675 $418 $178 2002 Benefit Data

  31. Top 15 Health Conditions

  32. Top 15 Causes of Lost Work Time

  33. How are Employers Responding?

  34. Employers Abandoning Silos 44% 17% 21% 18% IBI 2004 Employer Survey

  35. “Most Important” Strategies Today IBI 2004 Employer Survey

  36. Be Careful of This

  37. Managing the Economic Burden of Ill Health IBI 2004 Employer Survey

  38. Approaches to Offering Health Benefits Longer Term IBI 2004 Employer Survey

  39. The Health-Related Data Solution IBI 2004 Employer Survey

  40. For More Information www.ibiweb.org tparry@ibiweb.org

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