GETTING STARTED
Health And Productivity
HEALTH AND PRODUCTIVITY BOTTOM LINE FOR EMPLOYERS
Employers Need a New Value Model in Health Care
- The old cost/quality model is inadequate
- Cost and quality are not correctly defined
- As a result, they are not properly measured and managed to produce true value
- The definitions of cost and quality must be expanded
- And the measurement of cost and quality must be improved
The New Value Model: Health and Productivity
- The old model was confined to a medical view of cost and quality
- Direct medical costs of care
- Quality defined clinically and by patient satisfaction
- The new model gets outside the "medical box" to look at the workplace for value
- The value of health benefits-and health care- for employers is seen in healthy employees who are productive
- Cost-savings opportunities in the new value model are much larger
- Medical cost offsets
- Reduced absence from work
- Reduced productivity loss while at work
- Enhanced quality of goods and services
- Thus employee health becomes a big contributor to business performance
- No longer just an expense to be controlled
- But an investment with a return to be gained
Learn more about this workshop by downloading presentation from the Institute for Health and Productivity Management.