Why PhenotypeIT for Employers?
A large - and growing - percentage of your bottom line goes to healthcare costs. Not only do you need to fund insurance for your employees, but indirect costs due to absenteeism, reduced productivity and other health-related issues can keep your company from being as profitable as it should be. Preventing chronic disease among your employees will help you reduce both direct and indirect costs significantly.
PhenotypeIT's four step approach of Assess, Identify, Engage and Report focuses on assessing overall risk, identifying the modifiable behaviors that lead to chronic disease and engaging employees with the information and tools that bring about real behavior change and better health. Our reporting system allows you to track the true costs and return on investment - health and financial - of your wellness programs.
Wellness Programs that Work
An actively managed wellness and prevention initiative can on average:
- Reduce sick leave absenteeism by 28%;
- Reduce health costs by 26%;
- Reduce workers' compensation and disability management claims costs by 30%; and
- thereby deliver a sustainable reduction in your healthcare trend and increase the productivity of your employees.
Can your company afford not to actively manage wellness programs among your employees?
But my health insurer already provides wellness programs!
We can help you whether you've been offering wellness programs to your employees for years or are just exploring your options. The PhIT Platform can be integrated with programs you or your insurer offer today or we can help you build your own. The programs themselves are the easy part when you have a reputable source: wellness has been a focus in healthcare for many years.
The really tough part is engaging your employees in the process of healthier living, and that's where PhenotypeIT excels. We have incorporated - and continue to update - the latest clinical and academic research into our PhIT Platform and Tools, and we've done it in a way that enhances the user experience. Your employees will know their real risk of developing a dangerous chronic illness in the next ten years and then they will have fun and easy-to-use tools that give them the power to decrease that risk, plus the reports that show their progress.
Management Tools to Facilitate Wellness Management
The employees aren't the only ones with engaging tools on their path to better health. We have developed a corporate portal that provides you with a snapshot of overall employee health that also identifies the biggest risks - and lowest-hanging fruit - in reducing healthcare cost. The corporate portal also allows easy management of the wellness programs, especially integrating incentive programs into them to enhance compliance.
Just as important, the PhIT Platform provides you with the reports that allow you to evaluate how well each program is working, how much healthier your employee population is becoming and how good of a return you're getting on your healthcare investment. Of course, all our tools are HIPAA-compliant: each employee has password-protected access to his or her own health and risk data. Corporate data is an aggregate of de-identified data from all participating employees.
Want to learn more? Please see Janet's story for an example of how PhenotypeIT could work for an employer. For a full demonstration, please contact us.