Health and productivity @ the workplace

By:

Gowtham Raj Viswananthan

Ranjit Kovilinkal

Hygeia e-Services Pvt Ltd | PRIVATE PROPRIETARY. Contains private and/or proprietary information. May not

be used or disclosed outside, except pursuant to a written Agreement.

Health & Productivity

Linking Health & Productivity @ the workplace

@myHealthvalet


2016

1 Confidential ©myHealthvalet Hygeia e-Services Pvt Ltd

Contents Introduction ............................................................................................ 2

Statistics @ the Workplace ..................................................................... 2

The business case for Health digitization ................................................ 2

myHealthvalet… Towards a Healthier U! ................................................ 3

Conclusion .............................................................................................. 5

About the authors ................................................................................ 6


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Introduction The growing prevalence of non-communicable diseases like cancer, heart disease and diabetes is on the rise, growing at an alarming rate year after year. Developed and developing countries alike are struggling to cope with the high cost of these diseases, in terms of lost lives, lost productivity, infrastructure financing and the human capital required to treat them.

In the past 20 years,

information technology

has revolutionized virtually

every facet of our lives.

Organizations of all types

have long seen that

information technology—

viewed comprehensively

and deployed effectively—

can replace old challenges

with new possibilities.

However, one of the areas

of slow evolution is our

healthcare system. Rising

incomes in developing

countries are propelling

rapid growth of demand

for health goods and

services, while disruptive

technologies and

innovations are creating

new ways of meeting this

demand. All these present

a huge challenge to

employers on

understanding how

employee health is

affecting productivity and

raising costs like never

before.

Statistics @ the Workplace As per the Wills Health &

Survey Report, 2014

61% identified

employees’ health

habits as the primary

challenge in controlling

health care costs.

93% believe that

healthier employees

are more productive,

yet very few are

measuring the impact

of productivity on

employees’

absenteeism and

presenteeism (when

employees are at work

but preoccupied with a

health issue and not

performing their best).

On average, it costs

employers more to

insure unhealthy

employees. Patients

with chronic

conditions, account for

75 percent of health

care costs each year.

Absenteeism and

presenteeism cut

individual productivity

by as much as 1/3rd

and cost organizations

$2 to $3 for every $1 of

direct medical costs

such as health care

premiums or pharmacy

expenditures.

The business case for Health digitization Companies will immensely benefit from heath digitization of the employee. They can negotiate lower premiums for a healthier employee population. Others will pay less as a share of employee health expenditures. All companies will benefit from reduced employee absenteeism and lost productivity associated with poor health.


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As per organizations like Johnson and Johnson, every USD 1 invested in employee health care results in a USD 4 reduction in health care costs, lower absenteeism and improved productivity. And let’s not pass up an opportunity to let Harvard weigh in. Its recent study showed that for every dollar invested in health and wellness programs, large companies got back $3.27 in reduced healthcare costs, and $2.73 in costs connected to absenteeism. Companies need to expand their scope to address the longer-term effects that chronic illnesses and poor health have on employee productivity and healthcare costs. This focus on keeping employees well includes

preventive care and disease-management care for chronic conditions such as cardiovascular disease, diabetes and obesity. Caring for ill spouses and children can also tax an employee’s time, Hence the family too needs to be taken into consideration. By seamlessly integrating the company’s doctors, labs and pharmacies, a healthcare hyper loop is created with the employee at the center of the ecosystem, thereby providing the convenience, reach and access to avail health care services and information in real time. Through making

healthcare digital,

employers can integrate

their Health Assessments

for new joinees and

annual health checkups of

their employees to create

a health rooster, thereby

enabling the conception of

customized health

programs, rather than

having general health

camps and other programs

which are a waste of

resources and time.

Once a culture of health is

created within the

organization, employees

can be motivated to take

good care of their health

and engage in prevention

measures for themselves

and their families.

As per Harvard University,

every $ invested in health

programs got back $ 3.27

in health care costs and

$2.73 in absenteeism costs

myHealthvalet…

Towards a Healthier U! The business case for expanding employee healthcare services is evident as stated above, but the technology infrastructure required to support that move hasn’t been as easy to find. Relying on last-generation, “safety first” systems, employers are bogged down developing a complex series of workarounds to manage today’s demands for health digitization.

It’s a ridiculous waste, and totally unnecessary. Our Enterprise Health solution,


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myHealthvalet is designed, developed and built to support today’s employee health management model with a single, web-based system that includes a clinical EHR, and employee engagement tools. The system integrates seamlessly with health care service providers like doctors, hospitals, labs and pharmacies to consolidate information from across the health care community.

myHealthvalet’s health risk assessments engage employees to understand and improve their health behaviors. After completing a health risk assessment employees receive a confidential report focusing on their personal health risk factors. Each report includes customized suggestions on what he/she can do to improve his/her health - and reduce health risks. He or she will also receive an overall wellness score based on the number of positive health indicators found in the assessment. By reducing

employee health risks, absenteeism and health care costs are minimized. The health risk assessment is the first step to improving the health culture in the workplace. By making changes to their daily habits, employees can improve their long-term health and wellness.

The real-time availability

of comprehensive patient

information, e-

prescriptions, built-in

alerts, and best practices

offer physicians’

unparalleled clinical

support for identifying

patients’ needs earlier,

lowering health risks, and

effectively managing

ongoing conditions.

Physicians have quick

access to a user’s medical

information, the latest

medical findings, and a

database of information

that provides greater

accuracy on their diagnosis

and prognosis. Health care

providers can reach out to

patients when they are

due for important annual

tests and users can

schedule an appointment

online for a routine

physical exam or can be

alerted that they’re

overdue for a screening

for diseases like diabetes

or cancer.

Created by Hygeia e-

Services Pvt Ltd,

myHealthvalet enables

users to take an active role

in their health when and

where it’s convenient on

the go!—at no additional

cost. Using secure and

seamless activation, users

and their families get quick

access to an online tool

that let them:

Eliminate bulky physical

health files

View test results online

Refill a prescription

Request an appointment

View past visit

information

Act for a family member,

including managing

physical as well as

psychological health of

children

View health articles,

information and other

benefits

https://www.concentra.com/employers/health-wellness/wellness-programs/healthy-workplace-culture/



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Holistic Healthcare is

the need of the hour

Accessible – Heath care

service providers across the

spectrum like doctors, labs

and pharmacies can view

health information in real

time and have secure

access to health care data

Inter-connected- Patients are linked to their

consulting doctors so that

they need not have to enter

their data, doctors and

patients are linked to other

doctors as well as the

diagnostic lab and

pharmacy creating a

healthcare hyper loop

History and research based - Doctors and

physicians have access to the health history of their patents thereby enabling better diagnosis and prognosis resulting in “single source of truth”

Conclusion Employees can actively manage their health without losing time or reducing productivity during

the workday. Employees get the care they need and employers see the return on their health

care investment through reduced absenteeism and presenteeism. myHealthvalet provides

employers the ability to view reports to view their employees’ total health assessment results

giving insights into overall group demographics, health risks and disease prevalence. Employers

can see what drives their health care costs and build a program tailored to their employees and

their business needs.

"To keep the body in good health is a duty...otherwise we shall not be able to keep our mind strong and clear" - BUDDHA


2016


About the authors Ranjit Kovilinkal is an entrepreneur, marketing specialist and teacher/coach. His experience is

across IT, consulting, education and social enterprises. He has more than 16 years of corporate,

teaching and entrepreneurial experience in India, the Middle East and Singapore and is a CEG

and IIM-A alumnus. He is currently a mentor cum educator at CIIE and NEN and a practicing

Psychotherapist, teacher and choreographer.

Gowtham Raj Viswanathan is an entrepreneur, product and finance specialist. His experience is

across the Banking and IT industries. He has more than 16 years of corporate experience across

India, Middle East, Singapore and Malaysia. Gowtham is an AC Tech (Anna Univ) and IIM-A

alumnus.

For more information, pls email to [email protected], [email protected]

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References:

Health information technology How can technology enhance care and reduce costs?:

http://consultants.kaiserpermanente.org/info_assets/mercer/pdf/TIHP_IT_012610.pdf

The big-data revolution in healthcare: Accelerating value and innovation:

http://www.mckinsey.com/industries/healthcare-systems-and-services/our-insights/the-big-data-

revolution-in-us-health-care

Healthy workplace culture: https://www.concentra.com/employers/health-wellness/wellness-

programs/healthy-workplace-culture/

mailto:[email protected]

http://consultants.kaiserpermanente.org/info_assets/mercer/pdf/TIHP_IT_012610.pdf

http://www.mckinsey.com/industries/healthcare-systems-and-services/our-insights/the-big-data-revolution-in-us-health-care

http://www.mckinsey.com/industries/healthcare-systems-and-services/our-insights/the-big-data-revolution-in-us-health-care

