There is plenty of confusion, and fear, about preventative health and business.
On 6.27.13 Gerry Farris, MD and Doug Gray were asked to provide a closed session to members of the Lake Norman Chamber called "Competitive Edge Series." The video and handouts are available at http://www.lakenormanchamber.org/events/competitive-edge-series.html
Here is the description to that event:
In response to increasing medical costs (some projections are +18%/ year with no end in sight), all business owners need to assess the costs of prevention vs. the costs of cure. There are some initiatives in wellness, prevention, diagnosis, workplace productivity and incentives that are redefining the work world. Come join these experts for a discussion about your business and your future.
Gerry is a 3x all-American Ironman athlete, ER physician, and new owner of www.reflections-spa.com
Doug is a 3x Primal Quest endurance athlete, executive coach since 1997 who can diagnose your business needs and guarantee results.
For details contact Doug at 704.995.6647 or http://www.action-learning.com
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Healthy Living: Healthy Business
1. Healthy Living: Healthy Business
Lake Norman Chamber of Commerce
Competitive Edge Series
June 27, 2013
Gerry Farris, MD
Doug Gray, PCC
2. 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:
10. 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.
(c) www.action-learning.com 2013 11
11. 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.
(c) www.action-learning.com 2013 12
13. 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
www.action-learning.com 14
14. How do you diagnose
Healthy Living: Healthy Business?
• Symptoms
• Causes
• Deficiency
• Treatment
(c) www.action-learning.com 2013 15
17. 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)
(c) www.action-learning.com 2013 18
20. 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.
21. 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.
22. 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.
23. (c) www.action-learning.com 2013 24
Figure 1. Average Additional Annual per Capita Costs for Smoking and Obese Individuals Compared t
“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
24. What are the advantages of a
wellness program?
1. Healthier employees
2. Decreased absenteeism
3. Reduced expenses
4. Increased productivity
5. Improved employee morale
(c) www.action-learning.com 2013 25
25. 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.
(c) www.action-learning.com 2013 26
26. 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.
(c) www.action-learning.com 2013 27
27. 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
(c) www.action-learning.com 2013 28
28. 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%.
(c) www.action-learning.com 2013 29
29. 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
(c) www.action-learning.com 2013 30
30. 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%.
31. 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
(c) www.action-learning.com 2013 32
32. 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
(c) www.action-learning.com 2013 33
33. Health care rewards:
• www.HealthyRoads.com
• www.CorporateRewards.com
• www.capbluecross.com
• www.premierinc.com
• Request free app at www.action-learning.com
(c) www.action-learning.com 2013 34
34. Healthy Business:
• Confidential business health assessment at
http://www.hebardlearning.com/MA_Home.a
sp 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”
(c) www.action-learning.com 2013 35
List on flip chart or add in the moment here digitally
Novant:Want a discussion… new brand with a white “H”… facilties evolving into places for collaboration/ coaching/ conversations…. CBJ article June 2013Carolina HealthCare: Tree of Life icon, Levine Cancer Institute to trauma centers… to healthy living initiative