Ibi -

Databases that integrate medical treatment with disability outcomes represent a powerful health and productivity management tool for employers and their benefits-supplier partners. This IBI study analyzes an integrated database furnished by IBI board member CIGNA, for 183 of its clients. The results demonstrate the power of the resulting database tool for focusing health and disability management: -Disability cases average 3.4 medical episodes (usually related to different medical conditions). These multiple conditions drive medical costs to represent 80 cents of every claims dollar overall for these disability cases. -Just 10% of the disability cases account for more than half the total medical and disability costs. Focusing prevention on claimants with the characteristics of those in the “Pareto group” represents a good business strategy. -Lost productivity associated with disability absence averages $22,800 per disability claim, compared with $13,600 in medical costs and $3,800 in disability payments. Ignoring lost productivity will cause employers to focus management on the wrong conditions.

Related Posts
    Current or Archive

    see all topics
    Tags

    see all topics
    Keyword Search
      Considering Equity and Employee Needs in Benefit Design Strategy
      Jan 19, 2023
      Solving the Challenges of a Remote or Hybrid Workplace
      Dec 6, 2022
      2022 Health and Productivity Forum Highlights Challenges of Remote Work, High-Cost Therapies, and More
      Nov 1, 2022

      IBI Membership

      Sidebar-IBI-Membership

      Get access to the latest tools and research on health and productivity.

      IBI Tools

      Sidebar-IBI-Tools

      Use our resources and proprietary tools to turn data into action.