The document discusses return on investment (ROI) for wellness programs and strategies for 2017 cost containment. It provides 2016 statistics showing rising healthcare costs for businesses. The Optimity digital platform produces ROI through holistic employee health support 24/7 via mobile coaching. Case studies show clients achieving engagement increases, cost reductions, and savings of $1.50-$6.50 for every $1 spent on wellness programs. The presentation recommends gathering data, identifying health issues, and tracking results to realize estimated ROI over 2-5 years.
3. About Optimity
The Optimity Digital Wellness Platform is used by organizational leaders to
produce an ROI through holistic health support for their employees 24/7.
The digital platform is mobile-first and strategically targets high-cost issues to
proactively coach employees on making better lifestyle choices, everyday.
4. 2014-08-14 somen.mondal@idealcandidate.com | 1-416-450-7585 4
Easier Management and Better Data
Our customers can run more initiatives, faster and
easier, and coordinate multiple sites. The cohesive
database allows them to be data-driven on their
intiatives to adapt and drive outcomes
Reduced Benefits and Claims Costs
We hace proven results in targetted wellness
programs that reduce drug claims, absenteeism,
STD/LTD. Clients are getting $1.50 to $6.50 back
for every $1 spent on wellness.
● 7x previous year engagement
● Improved employee health
during audit season
● Reduced attrition
● Promoted PwC culture
● Saved 200 hours for HR in 2016
● Ran 3x number of successful programs
● 4x engagement prior to Optimity
● 25% improvement from previous year
engagement on Optimity
● Drug costs went from 20.3% YoY
increase change to 7.4% YoY
● Reduction of absentism
● $1.80 back for every $1 spent
● 6x previous year engagement
Control drug claims, benefits costs, and boost engagement
Results & Case Studies
5. ● Jane: Wellness ROI and Industry trends
○ Top ROI challenges and HR technology trends
○ Best practices on effective wellness programs - Industry benchmarks and statistics 2016
○ Expected ROIs for different types of initiatives
○ 2017 checklist to of cost-containment strategies for management
● Trista: Optimity Digital Wellness Implementation Strategies
○ 4 Tips on getting the highest participation, and strongest returns for every $
● Q&A
Agenda
6. Webinar Tips
● Connect to audio using your computer’s microphone and speakers OR
Select “Use Telephone” after joining the webinar to turn on sound
● All guest lines are muted to avoid background noise
● Type in your questions in the tool and we will answer them in the Q&A period
● Polls are available to all guests and we will share the results with you live
● The slides and webinar recording will be sent out to you to share with others
● In the handout section there is a Willis Wellness Industry Trend report and
Optimity Case Studies available as BONUS downloadable materials
7. About Trista Chan & Jane Wang
Trista is an Advisor for Corporate Wellness Strategies at Optimity. Her
background is nutrition and health promotion programs. She works
with clients to customize wellness programs for targeted health
support and to drive better outcomes.
tchan@myoptimity.com
Jane is the CEO of Optimity. Her background in global clinical trial
management and proactive disease flagging provides the backbone
for the cutting-edge disease prevention IP of the Optimity system.
jwang@myoptimity.com
8. HR’s Top Challenges and Opportunities
• 60% hold HR
accountable for
business results
• “technology is making
data-driven HR
decision making
possible”
• HR is strategic for
cost-containment and
organizational success
9. Wellness’ Top Trends
Digital coaching model
• Mobile-first
• Wearable and app syncing
• Personalized content delivery
• Holistic health content
Data analytics
• Wellness engagement gets “big data
treatment” so C-level sponsors can
easily identify the best programs to
return real results >> outcomes focus
10. Cost to businesses in North America each year
$1,100,000,000
Milken Institute, CA, USA
EMPLOYEE HEALTH COST
Costs per employee per year
$11,304 and growing at 6.5%
9.3 days absenteeism
7-20% YOY increase in Rx costs
Aging population
11. ● Drug claims
● Benefits Utilization
● Stress & sick leave, short-term disability, long-term disability
● Absenteeism
● Turnover
● Tracked ROI for Current Wellness Initiatives
Why a Strategic Focus on Outcomes
12. Average SickSuper Fit
DEMENTIA
Only Optimity focuses on the middle majority,
where the bulk of the prescription drug, benefits
utilization, absenteeism costs come from
Traditional
Wellness
Programs
Disease
Management
Programs
18. OPTIMITY HELPS COMPANIES THROUGH
★ Baseline Claims and Cost Analysis to identify top issues
★ Reduce Drug Benefit Costs of unhealthy employees
★Reduce Absenteeism, Turnover with targeted programs
Boosted engagement, more visible benefits,
reduced admin cost and time in running wellness programs
19. Building a Solid Business Case - Large Enterprise
5-Year Investment - 2500 employees
● Flex Benefits Plan
● Employee Health Review
● Chronic Disease Mgmt
● Disability Mgmt.
● Incentives
● Mental Health Support
● Online / Mobile Wellness Platform
● Strong Communication Plan
● Executive Dashboard
Hard Savings
● Program design cost
● Admin and operational costs
● Number of disability claims
and duration
● Drug and medical consumption
Soft Savings
● Absenteeism
● Turnover
● Cost and time in recruiting
● Productivity
$3.2 M
$13.8 M
ROI: 4.3
20. Building a Solid Business Case - Mid-sized
2-Year Investment - 860 employees
● Comprehensive Online/ Mobile Wellness Platform
○ Incentives
○ Employee Health Self Assessment
○ Holistic Health Support
○ Chronic Disease Mgmt
○ Disability Mgmt.
● Targeted Cultural Intiatives (reduce absenteeism and turnover)
● Strong Communication Plan
● Executive Dashboard
Hard Savings
● Drug and medical
consumption
● Program design cost
● Admin and operational costs
● Number of disability claims
and duration
Soft Savings
● Turnover
● Absenteeism
● Cost and time in recruiting
● Productivity
$150 K
$980 K
ROI: 6.5
21. Building a Solid Business Case - Small Employer
1-Year Investment - 110 employees
● Employee Health Review
● Chronic Disease Mgmt
● Disability Mgmt.
● Incentives
● Mental Health Support
● Online Wellness Platform
● Strong Communication Plan
● Executive Dashboard
Hard Savings
● Program design cost
● Admin and operational costs
● Number of disability claims
and duration
● Drug and medical consumption
Soft Savings
● Absenteeism
● Turnover
● Cost and time in recruiting
● Productivity
$15 K
$31 K
ROI: 2.1
22. “
“
The Optimity platform is our most
highly-adopted program at
89% employee participation! Cost Savings 2016
Sherry MacDonald
CEO
$36K
Year -1 ROI: 1.81
23. * Willis Health Productivity Study 2015
https://www.willis.com/documents/publications/Services/Employee_Benefits/FOCUS_2015/14562_Health_Productivity.pdf
64% of wellness programs have no ROI
ROI
$1.50 for every $1
in year 1
24. More Results From Partners
● 21% reduction in absenteeism over 3 years, 66% reduction in
grievances - Homewood Health
● 10.66 to 6.55 days reduction in absenteeism, 7% reduction in
healthcare costs - Michael Garron Hospital
● 30% reduction in sick leave - Upper Canada District School Board
● 9 % increase in engagement, 12% above industry average for
employee engagement (Ontario Hospital Association) - North York
General Hospital
25. Checklist to Get ROI
● Gather historical numbers
● Understand the top 5 cost health issues
● Identify initiatives and tools to address these issues
● Calculate estimated ROI: 2 to 5 year plan
● Get C-level support, budget and resources
● Engage partners to implement targetted initiatives
● Track results quarterly to ensure ROI is realized
26. Optimity provides gamified wellness solutions to companies
that achieve ROI in employee health through easy and scalable
implementation of best practices in wellness.
27. ● Multiple demands
● Hard to coordinate
● New requirements
● High employee to
HR ratio
● Metrics driven &
data analytics
32. ● Capture attention of the busy
● Boost likelihood of employee engagement
● Micro-habits lead to macro-results
33. ● Get metrics
● Leverage subject experts’ support
● Improve and customize your offering over time
34. 1. Takeaways from the Best Practices in achieving ROI from wellness
● Definition and Facts on ROI calculations
● 2016 Case sample and ROI calculations
● Why this is important
● How to get to started - Checklist to achieve ROI
2. Employee Wellness Digital Platform
Optimity allows HR managers to leverage cutting-edge technology to run
customized, engaging and adaptive employee programs from one hub.
● Digital solutions and best practices
● Holistic health can be scalable and engaging
● Use data to support progress
Healthy Workplace Strategies: Summary
35. Learn more about employee health strategies
and ROI for wellness:
Trista Chan
tChan@myoptimity.com
www.myoptimity.com/case-studies-and-news
Dec Promotion: Get a free historical claims
assessment with Optimity