"Depression and anxiety disorders are estimated to cost the global economy $1 trillion per year in lost productivity"
84% of employees would consider leaving their current job for a position with a company that offers better mental health benefits
72% of employees consider mental health coverage when choosing an employer
91% of organizations offered some type of mental health coverage in 2020. Are you keeping up with the competition?
Companies that prioritize employee well-being have higher employee engagement, lower turnover, and greater financial performance
The Cost of Ignoring Mental Health
By ignoring the mental health needs of employees, companies risk incurring high costs in the form of lost productivity, high turnover rates, and lower overall business performance.
The Cost of Hypertension for Employers
Understanding the Impact of High Blood Pressure in the Workplace
The latest research shows...
- Hypertension can cost employers an estimated $1,920 per year for each employee with this chronic disease. However, this cost can skyrocket to $9,089 per year for untreated employees, when considering both direct medical expenses and productivity losses.
- Hypertension can also affect job performance and productivity due to fatigue, difficulty concentrating, and other symptoms.
- Total annual costs associated with hypertension are estimated at $131 billion.
The Benefits of Epiq MD
- Telemedicine can improve blood pressure control and reduce the need for in-person visits, resulting in potential cost savings for employers and employees.
- Wellness programs that include hypertension management can result in lower healthcare costs, improved employee productivity, and decreased absenteeism.
- One study found that participation in a wellness program that included hypertension management resulted in a 27% reduction in healthcare costs per member per month.
By implementing telemedicine and wellness programs that focus on hypertension management, Employers can help their employees improve their health outcomes, reduce absenteeism and healthcare costs, and improve job performance and productivity.
The Cost of Obesity for Employers
Why Investing in Employee Health is Good Business
How Epiq MD Can Help
Telemedicine programs can save companies up to $6 billion a year in healthcare costs by reducing absenteeism, improving productivity, and lowering medical claims.
Workplace wellness programs can lead to significant weight loss among employees, with an average weight loss of 5.5 pounds over a six-month period.
Wellness programs that included weight management interventions resulted in a 4.8% reduction in healthcare costs for employees with obesity over a two-year period.
The latest research shows...
- Obesity costs U.S. Employers an estimated $73.1 billion per year in medical expenses and lost productivity.
- Recent data found that the medical care costs of obesity are almost $150 billion per year in the U.S.
- The average medical claims cost per 100 employees is $51,019 for obese employees, compared to $7,503 for non-obese employees.
- Obese men take six more sick days a year than non-obese men. Obese women take 9.4 more days a year than non-obese women. The resulting obesity-related absenteeism alone costs employers $6.4 billion/year.
The Cost of Chronic Disease
The latest research shows...
- Chronic Diseases such as diabetes. hypertension, and heart disease cost U.S. Employers over $500 billion in lost productivity every year.
- Chronic Diseases and conditions in the U.S. accounted for $3.8 trillion of the Nations spending in 2020.
- Obesity alone costs U.S. Employers between $160 billion and $240 billion per year in healthcare costs and lost productivity.
- Employers spend an average $1,500 more per year on healthcare for employees who are obese compared to those who are not.
How Epiq MD Can Help Employers & Employees
- Employers
- Research shows that wellness programs can yield significant returns on investment, with an average return of 327% for every dollar invested.
- Companies with wellness programs had 26% lower healthcare costs per employee than those without.
- 90% of businesses have reported improved performance and productivity after prioritizing employee wellness.
- Employees
- 90% of U.S. workers said their job is more fulfilling when their Employer provides wellness benefits.
- 53% of workers said they would be more likely to stay with their current Employer if they offered a comprehensive wellness program.
- Employees in companies with wellness programs reported a 19% reduction in stress levels and a 16% improvement in overall health.