Where do companies go wrong when it comes to health and productivity management?
There are several areas where companies run into challenges with health and productivity management, mainly: • Not recognizing the value of coordinated management across all benefit programs. • Not identifying the root causes of excessive employee health costs and productivity loss by not analyzing by job type, location, and program specific experience. • Relying on shifting costs to other programs to reduce costs in high-impact areas. The good news is that most of these challenges can be avoided by analyzing an individual’s costs, utilization and clinical profile across multiple benefit programs. Ultimately, the organizations are most open to change that will be successful in implementing health and productivity programs. How does a company improve on or institute health and productivity management? The first step is to collect data to determine actual experiences in key health and productivity areas. These areas include health costs, productivity loss, absenteeism and worker’s compen
