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 KMcDe vit t@ib iw e b .org Bg ifford @ib iw e b .org w w w .ib iw e b .o rg w w w .ib iw e b .o rg
Deve Develop & & pr provi vide de indu dustry l leadi eading: g: Nation onal al r resear arch a and educat ation onal al n nonpr profi ofit focused on foc on l linking wor orkforce h heal ealth, pr produ oductivi vity y and an d bus business per performance Learning Data Tools Research opportunities So bu business l leader eaders c can an: Understand the toll that illness takes on 1,200+ corporate members covering 20 million employee productivity employees. Member engagement opportunities include: Recognize the competitive advantages of investments in employee health National Forum & regional programs Create an impactful story for senior IBIBridge leaders about why this holistic view is important for their business objectives Informative webinars on hot topics
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. 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. W hy IBI? 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. 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.
CONSULTANTS/ HEALTHCARE EMPLOYERS PHARMA ABS EN CE BROKERS MAN AGEMEN T • Anthem • Bank of America • Abbvie • Cigna • Boeing • Amgen • Guardian/Reed • AJ Gallagher • Healthcare Service • Comcast • Exact Sciences Group • Aon Corp • Costco • Johnson & • Lincoln Financial • Mercer • Teladoc Health • Grainger Johnson • Prudential Financial • MMA-Trion • United Healthcare • Ikea • Novo Nordisk • Sedgwick • Willis Towers Watson • UPMC Work • Progressive • Pfizer • Standard Insurance Partners Insurance • Sun Life Financial • Shell Oil • The Hartford • World Bank • Zurich/Benefit Harbor
CO MP LETED W O R K • Lost work time costs form employee COVID-19 cases • The business value of the patient-provider relationship • How employers can shape patient-centered health outcomes IBI 2020 • Demographic risks for disability leaves UP CO MIN G Resea rch • The CFO’s view of workforce health and business performance • Health engagement and operational outcomes Ag end a • Risk of Workers’ Compensation and short-term disability claims associated with osteoarthritis • Role of preventative screenings in reducing health and productivity costs • The productivity burden of family caregiving • Business implications of paid parental and family leave policies
IBI Tools
Industry Statistical Benchmarks Cost Models Drill Down Chronic Tools Conditions
R ES P O N D TO AN TICIP ATE CLIEN T IN TR O D UCE CLIEN T R FI N EED S P R O S P ECTS TO TH E H &P VALUE P R O P • “Can we compare your • “Our company seems to • “Do you know how much programs to companies in have a lot of people on illness costs you in lost your industry to help disability … what’s output and missed revenue prioritize your needs?” typical?” opportunities?” • “Do you know what kinds • “We’re thinking of • “Can RTW/wellness/ of conditions are driving changing to a 2-week medication adherence your company’s lost elimination period … programs be worth the productivity?” how is that going to costs?” affect our costs?” • “Have you looked closely as the costs and benefits of • “How are we going to family leave?” survive if states adopt paid leave laws?”
IBI Ind ust ry H O W AR E D IS ABILITY P R O GR AMS P ER FO R MIN G? Benchm a rks 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 o focu ocus on on improv roving
D ATA Q UES TIO N S CO MP AR E W ITH IN IN CLUD ED AD D R ES S ED & ACR O S S … • How many claims? • Industries • Short-term disability (incidence rates) (STD) • Plan designs • How long is the average • Long-term disability • Company size leave? (productivity loss) (LTD) • Self- and fully-insured • What are financial costs of • Family and Medical • Diagnoses a leave? (wage Leave Act (FMLA) replacements)? • States • Workers’ Compensation • What are the most common • Sex and age groups (WC) reasons for leaves? (diagnoses) • How do claims end? 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 • Anthem • Lincoln Financial • The Standard • Broadspire • MetLife • Sedgwick • Cigna • Prudential • Sun Life Financial • DRMS • ReedGroup • Unum • ESIS • Reliance • Voya Standard/Matrix • The Hartford • York Risk w w w .ibiw eb.org/benchma rking/
# of # of # of reportable # of reportable # of employer # of employer Program Program # of claims # of claims carriers/TPAs carriers/TPAs industry codes industry codes policies policies STD 15 822 41,500 2.0M LTD 12 842 60,200 536K FMLA 9 183 2,600 2.0M W C 5 523 --- 4.8M Claim information: a ge, sex, sta te, dia gnosis, w a ge repla cement costs, lost w ork time Claim information: Employer characteristics : industry, disa bility pla n design, covered lives Employer characteristics
IBI St a t ist ica l 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? Cost Mod els Use bas e basic empl employe yer demo demogr grap aphic descr criptor ors to o cha chang nge t the he conv conversation on from rom cos costs t to o value
Uses b Us benchm nchmarking ng a and nd na nationa onally Model dels l lost w t work ti time, e, w wage age repr epresentat ative dat data: a: repl eplac acemen ents, an and d oppo pportunity cos costs of of: Sick days STD LTD FMLA WC Presenteeism https://w w w .ibiw eb.org/full-cost-estima tor/
MODEL THE TOTAL IMPACT OF HEALTH ON YOUR CLIENTS’ COMPANIES IN P UTS O UTP UTS • Indus ustry ry • Healthcare costs • Headco dcount • Lost workday and cost summary • Lost-time details for sick days, • Input adjustments STD, WC, FMLA, LTD, FTEs presenteeism/performance Average wage • Full cost detailed results Eligibility for benefits Wage replacement rates Opportunity cost assumptions https://w w w .ibiw eb.org/full-cost-estima tor/
--15,000 LIFE HOSPITAL Opportunity costs $20.5 Presenteeism Mod eling t he $33.4 FMLA Tot a l Im p a ct of $3.4 Healthcare LTD benefits benefits Illness $5.1 $114.8 STD benefits $5.7 Sick day wages WC spend $13.7 $19.6
Drill-Down Tools
CONNECTING HEALTH TO STD & LTD What are the lost time impacts? • How much do STD claims costs? • How long do STD claims last? • How much do LTD claims cost? • How much do LTD claims costs? • What are the total costs of • disease? https://w w w .ibiw eb.org/resource/ disa bility-dia gnosis-a na lyzer/
CONNECTING HEALTH TO STD & LTD What are the lost time impacts? • How much do STD claims costs? • How long do STD claims last? • How much do LTD claims cost? • How much do LTD claims costs? • What are the total costs of • disease? https://w w w .ibiw eb.org/resource/ disa bility-dia gnosis-a na lyzer/
UNDERSTANDING W HY EMPLOYEES TAKE LEAVE & HOW IT DIFFERS BY STATE • How do leave types differ by state? • How do leave durations differ by state? https://w w w .ibiw eb.org/resource/ fmla -dura tions-by-sta te/
ESTIMATE POTENTIAL HEALTHCARE AND PRODUCTIVITY SAVINGS FROM IMPROVING MEDICATION ADHERENCE • Diabetes • Hypertension • High cholesterol https://w w w .ibiw eb.org/med- a dherence-ca lcula tor/
ESTIMATE POTENTIAL HEALTHCARE AND PRODUCTIVITY SAVINGS FROM IMPROVING MEDICATION ADHERENCE • Diabetes • Hypertension • High cholesterol https://w w w .ibiw eb.org/med- a dherence-ca lcula tor/
ESTIMATE POTENTIAL HEALTHCARE AND PRODUCTIVITY SAVINGS FROM IMPROVING MEDICATION ADHERENCE • Diabetes • Hypertension • High cholesterol https://w w w .ibiw eb.org/med- a dherence-ca lcula tor/
Member Enga gement
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