The Business Case for Preventing and Managing Chronic Disease
Posted by Medavie Blue Cross on January 22, 2024
Note: The following article is a summary from our Insights Webinar Connecting the Dots on Chronic Disease Management: How Increasing Access to Care Can Strengthen Your Business. Our panel shared how proactive chronic care management helps employees and employers access helpful services to improve employee health and enhance business performance.
All of this is happening at a time when there is an acute labour shortage and intense competition for top talent, making it difficult to back-fill employees who take time off to look after their health. Meanwhile, the prevalence of chronic disease is growing and the costs of treatment are climbing as the nation’s population continues to age and lead sedentary lifestyles that put them at greater risk of illness.
With so many direct and indirect impacts of chronic disease in the workplace, it’s no wonder that chronic disease is described as the “silent strain” on the employer’s bottom line.
It doesn’t have to be that way. Research shows that employers who support employees in managing their condition can see a return on investment of $3 to $5 in the form of a healthier, happier, and more productive workforce.**
Here’s how employers can tighten the reins on chronic disease in the workplace — and sharpen their competitive edge:
We’ve seen a 23.3% increase in per capita claims spending for chronic disease from 2019 to 2022. We’ve responded to this trend with holistic solutions and new technologies that provide members with the best, most immediate access to care possible while containing plan sponsor costs.
In fact, Medavie Blue Cross has long been a pioneer and industry leader in addressing this costly and complex health care challenge.
We were the first to introduce Managing Chronic Disease as an extended health benefit in 2015. This involved creating an extensive nationwide network of health care professionals to help members gain the knowledge and confidence they need to self-manage diabetes, asthma and cardiovascular conditions, as well as to quit smoking.
It’s an evidence-based approach that is likely to produce more long-term success than any single intervention approach on its own. Indeed, studies show that those who receive coaching and education services as part of a holistic approach to treatment are more successful in delaying, managing and even reversing their condition than those who don’t.
We were also among the first Canadian carriers to add Glucose Monitoring Systems and insulin pumps as a standard in our benefit plans.
In 2021, we were the first carrier to market with a holistic diabetes care program — a health coaching service that looks at the whole person rather than just their primary medical condition.
Speak to your Medavie Blue Cross Representative to learn more about implementing proactive chronic care management in your workplace.