The single most unappreciated asset in the design and management of employer-sponsored health benefit plans is transactional-level claims data. In addition to the more obvious benefit of optimizing the financial performance of the plan, the less intuitive value of accessing and utilizing transactional-level claims data is its utility as a strategic planning tool and measuring return on investment. What makes the set of transactional-level claims data even more exciting in 2013 is the ability to more easily integrate drug claims (by far the most numerous and robust from a data perspective), with short-term disability and long-term disability data sets.
More experts now seeing parallels between 2011 and 1931.
Employees with depression who are receiving treatment while they’re still working are significantly more likely to be productive, according to a study by the Centre for Addiction and Mental Health (CAMH).
Look past the Depression for a mirror of our times.
One of the biggest potential upsides to containing costs through an optimally designed plan is that plan sponsors then have the budget to ensure better health for their members. Let’s consider the case of a common source of absenteeism, short-term disability and long-term disability in the workplace: depression. What’s frightening is how common both mild […]
A recent Canadian study finds $33 billion per year is lost in the workplace from employees suffering from emotional disorders. Dr. Robert Wilson, presenter at The Canadian Health and Wellness Innovations Conference in Las Vegas, hosted by the International Federation of Employee Benefits Plans, got the room’s attention when he revealed this astounding number during […]
Policymakers are taking a "wrong turn" - deflation is the real threat.