Justify sponsoring an onsite health and wellness center beyond ROI alone. Here’s how to validate consistent Return on Investment (ROI) AND proven Value on Investments (VOI) in employer-sponsored Symbol CareClinics.
- Decreased absenteeism
- Decreased presenteeism (sick while at work)
- Increased productivity
- Turn-key employee education & wellness programs
- Decreased disability/workers’ compensation claims
- Occupational health administrative support
Short-Term Cost Containment
Upfront costs are minimal because Symbol manages clinic staffing, furnishing, medical supplies, electronic health record-keeping, and more – all without charging for administration or management fees. So, savings are felt within the first 12-24 months of clinic opening.
Average savings for our employer sponsors in the first year of Symbol CareClinic operations is over 5%.
If you build it, will they come?
Employees, spouses and dependents will utilize CareClinics when upper management is supportive and help to promote the patient-centered care benefits to their workforce. Symbol further amplifies initial and ongoing CareClinic promotion through turn-key marketing solutions so that Human Resources and managers don’t have to build their communication strategy from scratch.
Retail prices for widely-used specialty prescription medications, creams and injectables are steadily increasing – but Symbol reduces employer spend on prescriptions through management of brand-to-generic and generic-to-generic medication utilization, onsite dispensing, and mail-order pharmacy pricing. Discounted pass-through lab costs further contribute to cost containment.
How much could your organization save with Symbol?
- Better recruitment value propositions
- Reduced turnover
- Increased retention of valued, healthier employees
- Reduced healthcare costs through reduce prevalence of chronic health conditions
When 80% of healthcare costs are incurred by only 10% of plan participants...
…mid-term VOI is earned by targeting risk factors that result in costly management of chronic conditions.
Through Symbol’s healthcare data analytics, gaps in care are more easily identified when plan participants utilize our CareClinic services. Over time, Symbol monitors individual health markers to inform diagnoses through participant-specific health trends. That’s why we believe so strongly in improved access to our primary care and consistent participation in biometric screenings. In the end, the more data we access, the better equipped we are to curtail chronic problems that could grow in both medical severity and in cost of care.
Higher utilization of a CareClinic is offset by considerably lower outpatient hospital visits. Greater frequency of clinic check-ins leads to early intervention and referral coordination to emergency or specialty provider care only when clearly indicated. Health and wellness center users are therefore less likely to experience severe and costly episodes of care because chronic issues are managed more strategically and with a one-to-one personalized approach.
- Renewed corporate culture of wellness
- Increased employee morale & teamwork
- Optimized employee engagement & satisfaction
- Improved overall company growth
- Improved health risk assessment data for future workforce populations
Long-Term Workforce & Employee Engagement
Over 85% of nationwide funds spent on healthcare are dedicated to chronic disease management*, much of which stems from lifestyle choices. That’s why Symbol embraces comprehensive patient-centered care that integrates acute care and disease management with long-term health management planning, monitoring and prevention.
Investing in our health coaching programs sees long-term returns on holistic workforce wellness by addressing preventable health problems such as diabetes, cardiovascular disease, tobacco use and behavioral issues. Symbol’s Health Coaching program motivates patients to adhere to tailored, feasible wellness plans, get medications onsite, and routinely monitor compliance through brief follow-up coaching sessions.