Ma ximizing IBI's Va lue to Your Compa ny & Clients Ke lly McDe - - PowerPoint PPT Presentation
Ma ximizing IBI's Va lue to Your Compa ny & Clients Ke lly McDe vit t Bria n Gifford P re s id e n t Dire ct or, Re s e a rch & An a lytics In t e g ra te d Be n e fits In s t it ute In t e g ra te d Be n e fits In s t it ute
Ke lly McDe vit t P re s id e n t In t e g ra te d Be n e fits In s t it ute KMcDe vit t@ib iw e b .org w w w .ib iw e b .o rg Bria n Gifford Dire ct or, Re s e a rch & An a lytics In t e g ra te d Be n e fits In s t it ute Bg ifford @ib iw e b .org w w w .ib iw e b .o rg
Nation
al r resear arch a and educat ation
al n nonpr profi
foc focused on
linking wor
heal ealth, pr produ
vity y an and d bus business per performance
1,200+ corporate members covering 20 million
include:
Deve Develop & & pr provi vide de indu dustry l leadi eading: g: So bu business l leader eaders c can an:
employee productivity
leaders about why this holistic view is important for their business objectives Research Data Tools Learning
AN ALYTICAL TO O LS
IBI’s tools and calculators are an easy way to show benchmarking data that they won’t get elsewhere. Use them to get in the door or support your client stewardship meetings.
CO N N ECT
Exchange ideas and solutions with IBI's 1,200+ employer and supplier members and interact with employer benefits decision makers at our annual forum, regional events, and online platforms.
CO N VER S ATIO N S TAR TER S
IBI provides independent unbiased research on key topics that are top of mind for your clients and their employees.
R ES EAR CH
Help employers understand that the integration of Health, Wellness, Disability, Pharmacy and Behavioral programs is the key to meeting their business objectives while keeping employees at work and healthy.
ABS EN CE MAN AGEMEN T
Group
Harbor
CONSULTANTS/ BROKERS
HEALTHCARE
Corp
Partners
EMPLOYERS
Insurance
PHARMA
Johnson
CO MP LETED W O R K
UP CO MIN G
performance
disability claims associated with osteoarthritis
productivity costs
policies
Industry Benchmarks Statistical Cost Models Drill Down Tools Chronic Conditions
R ES P O N D TO CLIEN T R FI
have a lot of people on disability … what’s typical?”
changing to a 2-week elimination period … how is that going to affect our costs?”
survive if states adopt paid leave laws?”
AN TICIP ATE CLIEN T N EED S
programs to companies in your industry to help prioritize your needs?”
your company’s lost productivity?”
the costs and benefits of family leave?”
IN TR O D UCE P R O S P ECTS TO TH E H &P VALUE P R O P
illness costs you in lost
medication adherence programs be worth the costs?”
H O W AR E D IS ABILITY P R O GR AMS P ER FO R MIN G? Indu dustry r repo eports an and d Dat DataB aBase Qu Quer ery show how w whe here re a a cl client nt s stand nds a and nd whe here re t to
roving
D ATA IN CLUD ED
(STD)
(LTD)
Leave Act (FMLA)
(WC)
Q UES TIO N S AD D R ES S ED
(incidence rates)
leave? (productivity loss)
a leave? (wage replacements)?
reasons for leaves? (diagnoses)
CO MP AR E W ITH IN & ACR O S S …
w w w .ibiw eb.org/benchma rking/
TH E N ATIO N ’S LAR GES T D IS ABILITY & LEAVE D ATABAS E Leveraging 9+ millio illion cla laim ims from more than 100,000 empl 100,000 employe yer po policies es, spanning over 2,300 2,300 indu dustry gr groups ps
Standard/Matrix
w w w .ibiw eb.org/benchma rking/
Claim information: Claim information: a ge, sex, sta te, dia gnosis, w a ge repla cement costs, lost w ork time Employer characteristics Employer characteristics : industry, disa bility pla n design, covered lives Program Program # of # of carriers/TPAs carriers/TPAs # of reportable # of reportable industry codes industry codes # of employer # of employer policies policies # of claims # of claims STD 15 822 41,500 2.0M LTD 12 842 60,200 536K FMLA 9 183 2,600 2.0M W C 5 523
W H AT D O YO U D O W H EN CLIEN TS AN D P R O S P ECTS D O N ’T H AVE D ATA? Use bas e basic empl employe yer demo demogr grap aphic descr criptor
chang nge t the he conv conversation
from rom cos costs t to
Model dels l lost w t work ti time, e, w wage age repl eplac acemen ents, an and d oppo pportunity cos costs of
Us Uses b benchm nchmarking ng a and nd na nationa
repr epresentat ative dat data: a: https://w w w .ibiw eb.org/full-cost-estima tor/
IN P UTS
ustry ry
dcount
O UTP UTS
STD, WC, FMLA, LTD, presenteeism/performance
MODEL THE TOTAL IMPACT OF HEALTH ON YOUR CLIENTS’ COMPANIES https://w w w .ibiw eb.org/full-cost-estima tor/
Healthcare benefits $114.8 WC spend $19.6 Sick day wages $13.7 STD benefits $5.7 LTD benefits $5.1 FMLA $3.4 Presenteeism $33.4 Opportunity costs $20.5
https://w w w .ibiw eb.org/resource/ disa bility-dia gnosis-a na lyzer/ CONNECTING HEALTH TO STD & LTD
disease?
https://w w w .ibiw eb.org/resource/ disa bility-dia gnosis-a na lyzer/ CONNECTING HEALTH TO STD & LTD
disease?
https://w w w .ibiw eb.org/resource/ fmla -dura tions-by-sta te/ UNDERSTANDING W HY EMPLOYEES TAKE LEAVE & HOW IT DIFFERS BY STATE
state?
differ by state?
https://w w w .ibiw eb.org/med- a dherence-ca lcula tor/ ESTIMATE POTENTIAL HEALTHCARE AND PRODUCTIVITY SAVINGS FROM IMPROVING MEDICATION ADHERENCE
https://w w w .ibiw eb.org/med- a dherence-ca lcula tor/ ESTIMATE POTENTIAL HEALTHCARE AND PRODUCTIVITY SAVINGS FROM IMPROVING MEDICATION ADHERENCE
https://w w w .ibiw eb.org/med- a dherence-ca lcula tor/ ESTIMATE POTENTIAL HEALTHCARE AND PRODUCTIVITY SAVINGS FROM IMPROVING MEDICATION ADHERENCE
N ATIO N AL H EALTH & P R O D UCTIVITY FO R UM
Board with over 500+ employers & industry leaders in attendance
Care/Delivery
Productivity
R EGIO N AL P R O GR AMS
Programs include:
Data & Analytics
Pharmacy/Biosimilars
W EBIN AR S O N LATES T R ES EAR CH
Projections
Health
Centered Outcomes with Benefit Design & Strategy
https://w w w .ibiw eb.org/events-ca lenda r/
ABO UT IBIBR ID GE
experiences and solutions with peers
supplier member subject matter experts
questions to hear what others are doing at their respective
IS S UE AR EAS
and delivery
productivity
ONLINE COMMUNITY FOR EMPLOYERS TO CONNECT W ITH EACH OTHER ON COMMON HEALTH & PRODUCTIVITY ISSUES https://w w w .ibiw eb.org/ibibridge/
Kelly McDevitt
President Integ ra ted Benefits Ins titute KMcDevitt@ibiw eb.org w w w .ibiw eb.org org