Integrated Benefits Institute

IBI's latest study "The Economic Impact of Poor Mental Health" dives into nationally representative data to identify the prevalence, lost productivity, and compounded effects of comorbidities in the US workforce. Additionally, the study analyzes disability costs and durations using claims from IBI’s Benchmarking data to provide a more complete picture of the financial burden on employers. Highlights from IBI's analysis: ✔ Approximately 34% of employed adults need mental health treatment for anxiety and depression. ✔ Employees with anxiety or depression have higher rates of other chronic health conditions. ✔ Employees with clinically relevant anxiety/depression average 4.6 more sick days annually than individuals without those conditions. ✔ The average annual cost per employee due to mental health issues is about $1,488, including lost time ($445), job turnover ($533), and healthcare ($510). ✔ Public administration has the highest disability-related costs, at $76,214 for a company with 1,000 covered lives. Read the full report (IBI members only): https://lnkd.in/eSHmtnJH Download the infographic: https://lnkd.in/e4W77u-h #mentalhealth #employeewellbeing #employeewellness #disability

Listen to the second episode of our podcast, "Research Roundup," hosted by IBI Researcher Sera-Leigh Ghouralal, PhD. This 11-minute episode explores how obesity affects employee productivity, the impact of leadership on remote work success, and future health insurance trends. Each episode offers insightful analyses and actionable takeaways to help employers, benefits consultants, and vendors stay informed and ahead of the curve. https://lnkd.in/dvr7vw6C Spotify: https://lnkd.in/dgBwwq_M Amazon: https://lnkd.in/dt8gBK_j YouTube: https://lnkd.in/d68W7Sek #podcast #humanresources #employeewellbeing #wellness

Pamela Hannon, Global Retirement & Healthcare Leader, Total Rewardsat GE HealthCare, Cheryl Larson , President & CEO Midwest Business Group on Health, Lesli Marasco, VP of Global Benefits & Well-Being AbbVie and Carole Mendoza, Vice President of Benefits Voya Financial discussed how providing exceptional health care and benefits goes beyond employee wellbeing—it's crucial for retention, recruitment, and legal compliance. Throughout their discussion, the panel shared insights on collaborating with vendor partners to address these vital issues, both for the present and future. They provided valuable perspectives on navigating the complex world of employee benefits and healthcare management, offering attendees a comprehensive view of current best practices and future trends in the field.

Christin Kuretich VP Supplemental Products at IBI member Voya Financial joined IBI Researchers Carole Bonner and Sera-Leigh Ghouralal, PhD to discuss IBI’s latest research and how employers use IBI’s research and data to inform benefit decisions at IBI’s 2024 Health and Productivity Forum. Christin shared her personal journey with depression and seeking treatment, and how her experience has shaped her approach to building better benefits programs. Christin mentioned the importance of partnering with IBI and that Voya receives important data to inform program decisions. Benefit plans must tackle the two major challenges in mental health care- financial hindrance and access to resources. #employeewellbeing #employeewellness #hrbenefits #humanresources

Jennifer Malinowski MS, PhD with IBI member Johnson & Johnson hosted a discussion with IBI president Jim Huffman, MSHCT and Drew Wilkins with Deloitte Consulting on precision medicine and cell and gene therapy. The high costs associated with these therapies necessitate financial innovation to enhance their availability and accessibility. This session at IBI’s 2024 Health and Productivity Forum explored the limitations of existing financing models and introduced innovative pricing models that could fundamentally change the way CGTs are financed. #precisionmedicine #hrbenefits #healthcare

In this session, Jim Huffman, MSHCT, president of Integrated Benefits Institute (IBI) presented some eye-opening statistics: • Mental health is the 3rd highest cost driver for Short-Term Disability (12% of STD costs) • It's the 5th highest for Long-Term Disability (8% of LTD costs). Along with Marcus Capone and Brian Dolan of TARAMIND, this panel discussed: • The potential of rapid-acting treatments - like ketamine assisted therapy- for treatment-resistant conditions • Strategies to overcome barriers in implementing these novel therapies #InnovativeMentalHealth #WorkplaceWellness #KetamineTherapy #BusinessROI

During IBI’s 2024 Health and Productivity Forum, Christina Bernard with Kaiser Permanente emphasized that cancer is the top health care cost driver for employers, with 1 in 6 employer health care dollars spent on cancer. She hosted a discussion with Adam House, the fire chief for Sacramento Metropolitan Fire District and Brian Rice, the president of California Professional Firefighters , who discussed the challenges of cancer prevention and care among their firefighters. #cancer #prevention #employeewellbeing #healthcare

Kicking off the second day at IBI’s 2024 Health and Productivity Forum! David Hines with Metro Nashville Public Schools discussed diabetes management, and how employers can support the adoption of technology that enables employees to manage their diabetes more effectively. “Healthy employees are better employees…and will stay with you longer and be more resilient.” #diabetes #employeewellness #humanresources

During IBI’s 2024 Health and Productivity Forum, IBI board member Richard McDonald at The Coca-Cola Company highlighted the challenges of working across 90+ countries, and ensuring benefits are consistent and equitable. The company’s main goal is to support all paths to parenthood, including fertility, adoption, surrogacy, and women’s health. Melissa Tucker with IBI member Aon discussed how strategy decisions considered equity, market positioning, hormone health and other needs (adoption, surrogacy, pelvic floor support). For Rich, he said their main focus was truly on equity. #womenshealth #employeewellbeing #healthcare

A session at IBI’s 2024 Health and Productivity Forum honed in on disability claims data around behavioral health claims. David Setzkorn, MBA, CPCU with IBI member Sedgwick discussed demographic differences in mental health claims, noting that women make up two-thirds of mental health claims. Samantha Esquivias with Neighborhood Outreach Access to Health (NOAH) touched on the clear divide between physical health conditions and mental health conditions. Mental health conditions are less tangible, and diagnosis is a dance with visual and verbal assessment. Social determinants of health are important and factor into mental health, such as income, housing, social connectedness, and food access. #employeewellbeing #mentalhealth #disability