Business Value of Health

Illness-related lost productivity costs employers $530B

Nov 15, 2018|

Employers put a lot of time and energy into managing their health care spending. But does anyone believe they put even a fraction of that effort into reducing the impact of illness on their bottom line? IBI's Full Cost Estimator (FCE) model reminds us why they should. Using millions of disability claims in IBI’s Benchmarking [...]

Improved productivity contributes to assessments of pharmaceutical value

Nov 12, 2018|

The Institute for Clinical and Economic Review (ICER) is a non-profit organization that weighs the costs of prescription drugs against their clinical and social value. Their method is complex, but essentially it designates drugs as "high value" if they deliver an additional, quality-adjusted life year (QALY) for less than $50,000, and "low value" if the [...]

New Report: Employer’s role in using research-based healthcare evidence

Sep 6, 2018|

Using research-based evidence in making health and health care decisions seems logical. Yet, the journey from the research setting to the provider’s office is convoluted, takes an inordinate amount of time and often doesn’t make safe passage at all. To make this process more effective, employers must be included in the discussion given their significant [...]

Connecting Wellbeing to Business Performance

Dec 2, 2016|

Two forces are converging in the management of employer‐based health and related benefits. As benefits professionals recognize the need to treat workforce health as something more than simply healthcare costs, they are expanding their focus to include dimensions such as absence from work, disability, employee performance and productivity. This broader view is influencing how these [...]

Happiness and the Bottom Line: The Happy Worker Prescription

Apr 12, 2016|

In this white paper, Lincoln Financial Group introduces the “Happy Worker Prescription.” Lincoln Financial Group reviews the research literature connecting employee happiness and productivity, explore the components of happiness, and describe why the findings are critical to employer success in the modern economic environment. Lincoln Financial Group concludes with a 10-step “prescription” for maximizing employee [...]

Health-Related Lost Productivity: The Full Cost Of Absence

Feb 11, 2016|

Traditionally, absence and disability management programs have been marketed with claims of increasing the productivity of the employer's workforce. The challenge is how to translate these programs and services into specific employer gains. In this paper, we explore the productivity loss caused by employees who are away from work for medical reasons (absence and disability). [...]

Health-Related Lost Productivity: Causes and Solutions

Feb 10, 2016|

HR managers, brokers and consultants have an opportunity to view disability carrier products and services in a different light. In the past, the focus was primarily on how one could obtain STD, LTD and absence management services at the lowest price. Often, the relationship between these services and the Health-Related Lost Productivity has been overlooked. [...]

Expanding the Case for the Business Value of Health, Wealth, and Productivity

Dec 11, 2015|

On October 27th, the Integrated Benefits Institute (IBI) and the Bank of America convened a meeting of regional employers and IBI supplier partners to discuss linkages among employee health, wealth and productivity. The workshop addressed reasons for and methods of connecting investments in the financial health of a company’s workforce to the goals of the [...]