healthy living: healthy business

Healthy Living: Healthy Business

Lake Norman Chamber of Commerce Competitive Edge Series

June 27, 2013

Gerry Farris, MD

Doug Gray, PCC

1. Provide context / answers

2. Provide gifts:- Slides and app at

www.action-learning.com- Business Health Assessment

3. Commit to your next steps

Desired Objectives:

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Your expectations?

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1. Window? 2. Mirror? 3. Wall?

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How to define Healthy Living: Healthy Business?

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Two Key Questions:

• How do I ____________ for my __________ ?

• What’s ___________?

What mountain are you climbing?18

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Error Blindness…

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Critical thinking may be defined as reflective reasoning about beliefs and actions.

It is a way of deciding whether a claim is always true, sometimes true, partly true, or false.

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Two definitions:

• A _________ maximizes the productivity of others. Key skills are private, coaching.

• A __________ rallies others behind a vision of a better future. Key skills are public, optimistic.

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Task: Tell your story

1. A professional or personal success

2. A time when you felt physically healthy

3. A great mentor or coach

4. One of your strengths and how you leveraged it

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How do you diagnose Healthy Living: Healthy Business?

• Symptoms• Causes • Deficiency• Treatment

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Corporate earnings (red) over Individual wages (blue) Q412

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Health care providers:

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Affordable Care Act

• In 2014, if you have 50+ employees, required to provide health insurance

• Likely cost is $12-16,000 per employee• Employer options include

– Cost sharing (employer 75%, employee 25% or ?)– Self insure (exchanges)– Opt out ($2,000 per employee fine)

U.S. Obesity in 1992

U.S. Obesity in 2010

Economic Costs of Diabetes

1.Total estimated costs of diagnosed diabetes have increased  41%, to $245 billion in 2012 from $174 billion in 2007.

2.Direct medical costs are $176 billion, which includes costs for hospital and emergency care, office visits, and medications.

Economic Costs of Diabetes (p.2)

3. Indirect medical costs total $69 billion, which includes costs for absenteeism, reduced productivity, unemployment caused by diabetes-related disability, and lost productivity due to early mortality.

Economic Costs of Diabetes (p.3)

4. More than 10% of health care dollars in the U.S. are spent directly on diabetes and its complications, and more than 20% goes to the care of people with diagnosed diabetes.

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Figure 1. Average Additional Annual per Capita Costs for Smoking and Obese Individuals Compared to “Healthy-Living” Individuals

van Baal PHM, Polder JJ, de Wit GA, Hoogenveen RT, et al. (2008) Lifetime Medical Costs of Obesity: Prevention No Cure for Increasing Health Expenditure. PLoS Med 5(2): e29. doi:10.1371/journal.pmed.0050029http://www.plosmedicine.org/article/info:doi/10.1371/journal.pmed.0050029

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What are the advantages of a wellness program?

1. Healthier employees2. Decreased absenteeism3. Reduced expenses4. Increased productivity5. Improved employee morale

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Advantages: Healthier employees

1. Health awareness, health fairs, health screening and information

2. On/off-site workout facilities, relaxation rooms and stress reducing activities

3. Counseling and assistance programs to assist employees with personal and financial difficulties.

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Advantages: Decreased Absenteeism

1. The American Journal of Preventive Medicine, December, 2005 studies show that a company that invests in the corporate wellness program is likely to have an average savings of $4 for every dollar spent.

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Advantages: Decreased absenteeism (p.2)

2. Coors Brewing Company's wellness statistics show an average company medical insurance savings of $5.50 per $1 spent

3. And an 18 percent drop in absenteeism for the participants of their corporate wellness program.

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Advantages: Reduced expenses

1. Insurance premiums rising 18% per year 2. Companies that employ healthier employees

are more likely to have lower insurance premiums, which also reduces the employee's payment as well.

3. Companies that implement a wellness program show an average heath care benefit expense reduction of 26%.

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Advantages: Increased Productivity

1. More of their employees available at work, more able to complete their responsibilities

2. An increase in productivity, customer satisfaction and income

3. An almost immediate return on investment in facilities and programs

4. Long-lasting, positive effects on healthy lifestyle decisions

Advantages: Improved Employee Morale

1. Both mentally and physically. 2. Become more responsible and

proactive with their health. 3. Increased mental performance,

time management abilities and quality of life improved by at least 15%.

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Other benefits:

1. Self Confidence- challenge yourself and struggle for higher levels of achievement

2. Leadership- embrace more leadership roles and changes

3. Stress- regular physical activity increases your response to the physical and emotional stressors in life

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Healthy Living:

• www.MyChart.com secure online access to medical records and your physicians

• www.ToniBranner.com customized training on nutrition plus

• www.kaiserhealthnews.org mostly independent coverage

• www.EducatedAging.com Anthony Cirillo on caregiver health

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Health care rewards:

• www.HealthyRoads.com• www.CorporateRewards.com• www.capbluecross.com• www.premierinc.com• Request free app at www.action-learning.com

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Healthy Business:

• Confidential business health assessment at http://www.hebardlearning.com/MA_Home.asp username=business, password = health

• Teleseminar: 6 weeks starting Wed, 7.24.13 4:00-5:00 details at www.action-learning.com

Use discount code “healthy”

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1. Provide context / answers

2. Provide gifts:- Slides and app at

www.action-learning.com- Business Health Assessment

3. Commit to your next steps

© Rich Campe International

Review Desired Objectives:

21

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Questions & Answers

• Wellness consultation: Gerry Farriswww.reflections-spa.com • Business consultation: Doug Graywww.action-learning.com