The Changing Landscape of Employer Health Benefits — The Transition From Cost to Value
•
1 j'aime•900 vues
Employers are at a line of demarcation in how they structure and deliver health benefits. Many are focused solely on financing/coverage of health care and do not understand the importance and business impact of health outcomes such as absence, disability, performance and productivity. Thomas Parry, president of the not-for-profit Integrated Benefits Institute, will discuss the full costs of health, how to make the business case to senior leaders and how to track key results.
Recommandé
Recommandé
Contenu connexe
Tendances
Tendances (20)
Similaire à The Changing Landscape of Employer Health Benefits — The Transition From Cost to Value
Similaire à The Changing Landscape of Employer Health Benefits — The Transition From Cost to Value (20)
Plus de Human Capital Media
Plus de Human Capital Media (20)
Dernier
Dernier (20)
The Changing Landscape of Employer Health Benefits — The Transition From Cost to Value
- 1. #WFwebinar The presentation will begin at the top of the hour. A dial in number will not be provided. Listen to today’s webinar using your computer’s speakers or headphones. The Changing Landscape of Employer Health Benefits — The Transition From Cost to Value
- 2. #WFwebinar Speaker: Thomas Parry President Integrated Benefits Institute Moderator: Kellye Whitney Associate Editorial Director Workforce magazine The Changing Landscape of Employer Health Benefits — The Transition From Cost to Value
- 3. #WFwebinar Tools You Can Use Audio Control – A dial in number will not be provided. – Adjust the volume by sliding the indicator in the Media Player box to the left. – Also check your computer’s volume for external speakers or headsets.
- 4. #WFwebinar Tools You Can Use Question & Answer – Type in your question in the “Q&A” box to the left. – These queries are visible by the presenter ONLY. – Type your question in the space at the bottom. – Click “Send.”
- 5. #WFwebinar Tools You Can Use Twitter - Click “Post” in the Twitter widget. #WFwebinar @WorkforceNews
- 6. #WFwebinar Tools You Can Use Speaker Bios Resources Media Player Q&A Slides Twitter Help Post Event Evaluation Share This
- 7. #WFwebinar 1. May I receive a copy of the slides? YES! Click on the resource list located on the top left portion of your screen. 2. May I review the webinar recording at a later date? YES! You may log in again using today’s link to review the presentation on-demand. Frequently Asked Ques6ons
- 8. #WFwebinar Kellye Whitney Associate Editorial Director Workforce magazine The Changing Landscape of Employer Health Benefits — The Transition From Cost to Value
- 9. #WFwebinar Thomas Parry President Integrated Benefits Institute The Changing Landscape of Employer Health Benefits — The Transition From Cost to Value
- 10. The Changing Landscape of Employer Health Benefits -- From Cost to Business Value -- Thomas Parry, Ph.D. President Integrated Benefits Institute
- 11. A New Employer Setting • Responding to the ACA: Why stay in? • Show the C-suite the value of improved workforce health • Dead end: attempting to control claims costs in separate program silos • Looking for best strategies to improve workforce health, reduce lost time, enhance productivity and impact business • Limited data, time and dollars
- 12. Where Employers Started: Cost Shifting Health CostsPlan Design
- 13. Trying to Get on the Front End of Cost Treatment Health CostsPlan Design Chronic Health Conditions Health Risks
- 14. Understanding Outcomes Treatment Health CostsPlan Design Chronic Health Conditions Health Risks Work Absence/ Disability Work Performance Lost Productivity
- 15. Next: Encompassing a Broader View Treatment Health CostsPlan Design Chronic Health Conditions Health Risks Work Absence/ Disability Work Performance Lost Productivity EE Health Behaviors & Engagement Corporate Culture & Structure Business Performance Wellbeing
- 16. What’s at Risk for Employers?
- 17. The True Costs of Health • 10,000 life manufacturing company • 71% male • 19% of employees 55 years or older • 61% skilled/semi-skilled laborers
- 18. Healthcare Costs – The Traditional View
- 19. Health Costs – Adding Lost Time Costs
- 20. The Total Costs of Health
- 22. Number of Chronic Conditions
- 23. Chronic Conditions & Treatment
- 24. Chronic Condition Prevalence -- Top Five --
- 25. Lost Productivity Costs: Top 5 Chronic Conditions $5.5 $4.3 $3.8 $3.2 $3.0
- 26. Chronic Conditions & Co-Morbidities
- 27. Linking Healthcare to Productivity Outcomes
- 28. Going Beyond Medical & Pharmacy to Absence and Presenteeism $0 $50,000 $100,000 $150,000 $200,000 $250,000 $300,000 $350,000 $400,000 Costper1000EEs Medical Pharmacy Absence lost prod Presenteeism lost prod
- 29. Co-Morbidity and Lost Time
- 30. IBI Research: Making Health the CFO’s Business
- 31. Principal Findings • CFOs are key participants in benefits decisions • Health is an organizational priority • Productivity is critical to the bottom line, but the role of health is less clear • CFOs understand that health impacts performance • Internal information is most credible • Critical information for health-investment decisions is lacking
- 32. The Impact of a Health-Focused Culture • Improving health is seen as very important to productivity • Health’s impact on business goes beyond healthcare costs and includes sick leave, “opportunity costs” of health, turnover, and absence payments • Broader information available to make investment decisions: EE satisfaction, health risks, performance impact, ROI
- 33. Strength of Health Culture
- 34. The Impact of a Health-Focused Culture • Improving health is seen as very important to productivity • Health’s impact on business goes beyond healthcare costs and includes sick leave, “opportunity costs” of health, turnover, and absence payments • Broader information available to make investment decisions: EE satisfaction, health risks, performance impact, ROI
- 35. Linking Health & Financial Performance: Putting Results in the CFO’s Terms • Healthcare costs • Sick days • Turnover • “Opportunity costs” • Absence payments
- 36. Broad Information is Useful … But Not Very Available
- 37. MGM Mirage Case Study
- 38. IBI Health & Productivity Snapshot Results 1.8 lost days per FTE/Year 6.2 lost days per FTE/Year Lost worktime = 8 days per FTE/Year or $2,598 per FTE/ Year in Lost Productivity
- 39. Lost-Time Improvement’s Impact on EBIDTA Reducing 1 lost day/FTE = $15 MM to EBIDTA* from Productivity Gains *Earnings before Interest, Depreciation, Taxes and Amortization
- 40. The Bottom Line Savings $15.0 MM Wall-Street Multiple 10.7X Outstanding Shares 284.3 M Gain in Stock Price $ .56/share Principal Owner (56%) $90 MM One Day of Productivity Improvement
- 41. The Challenge of “Big Data” to Employers
- 42. Workforce Key Health Dimensions* Ø Financial (cost) Ø Program participation Ø Biometric screening Ø Health risks Ø Utilization Ø Preventive care Ø Chronic conditions Ø Lost worktime Ø Lost productivity Ø Employee engagement * Thomas Parry and Bruce Sherman, A Pragmatic Approach for Employers to Improve Measurement in Workforce Health and Productivity, Population Health Management, Vol. 15, No. 2, 2012
- 43. The Temporal Dimension Leading indicators ü Health risks ü Biometrics ü Chronic condition prevalence Treatment indicators ü Preventive care ü EE engagement ü Health services utilization ü Program participation Lagging indicators ü Financial ü Lost worktime ü Lost productivity
- 44. Dimensions & Dashboard Metrics Dimension Summary Metric Financial Program cost/EE Program participation EEs participating/All EEs Biometrics EEs reaching target/All EEs Health risks # of health risks/EE Utilization # EEs getting care/All EEs Preventive care # EEs getting screened/All EEs Chronic conditions # EEs w/ chronic conditions/All EEs Lost worktime # of lost workdays/EE Lost productivity Lost productivity $/EE Employee engagement Engagement score/EE
- 45. Thinking about Metrics as Hierarchies Dashboard metrics Component metrics Contributing metrics
- 46. For more information: Thomas Parry tparry@ibiweb.org 415-222-7282
- 47. #WFwebinar Please complete the webinar evaluation.
- 48. #WFwebinar Join our next Webinar! The Recruiter Makeover — 7 Ways Recruiters Can Reinvent Themselves as Marketers Wednesday, August 13, 2014 Webinars start at 2 p.m. Eastern / 11 a.m. Pacific Register for all upcoming Talent Management Webinars at www.workforce.com/webinars