Employers
Challenge
Companies know that poor employee health carries both direct and indirect health costs. Directly, poor health increases healthcare expenses and health resource utilization. Indirectly, poor health increases absenteeism and presenteeism (employees who come to work sick) while lowering productivity. Given the realities of the modern workplace, it’s imperative that employers address the wellness issue in the most effective manner possible.
Solution
Used by more than 200 corporations, hospitals and government employers for 14 years, INTERxVENT programs have been proven in more than 80 peer-reviewed studies to reduce both direct and indirect healthcare costs while improving health and preventing disease.
Studies have demonstrated a total reduction in direct costs of $2.30 and productivity loss of over $3.50 for each $1.00 spent on an INTERxVENT program—a return on investment of 130% and 260% respectively. In fact, INTERxVENT has proven to reduce employee healthcare claims by up to 66% in just two years.1
Studies have also consistently shown that by improving employee health and helping people better manage their lifestyle, INTERxVENT makes a substantial contribution not just to employee wellness and quality of life, but also to a company’s operations and profitability. By diminishing the burden of preventable health issues such as obesity and diabetes, INTERxVENT can help employers reduce short- and long-term disability and improve employee engagement. Employers can also improve their return on healthcare investment through robust reports on health utilization and outcomes.
For such reasons, according to a 2008 Forrester Research report, more than 70% of large US corporations (greater than 1,000 employees) currently offer disease-management programs to employees and a further 16% plan to in the next two years. Canadian employers that recognize the cost-savings and competitive benefits of a healthy workforce are becoming similarly interested in such programs, with INTERxVENT Canada engaged in pilot studies to demonstrate return on investment in the Canadian context.
For more information, and to inquire about an INTERxVENT program for your company, please contact us.
1. In US implementations, where employers absorb a greater percentage of direct costs.