Empowering people with chronic conditions to live a better life.
Every day, millions of people with chronic diseases struggle to manage their symptoms.
Chronic diseases can affect a person’s ability to perform job duties, limit productivity at work, restrict engagement in life and their enjoyment of family and friends. Moreover, chronic disease management represents the largest opportunity for savings particularly for self-funded employers. A comprehensive corporate wellness strategy generally will have lifestyle management and disease management. While lifestyle management is an important component of a comprehensive long term cost saving strategy for employers, particularly self-funded employers, disease management represents the largest immediate and greatest ROI in cost savings.
According to a 2012 Rand Corporation study, when used together, lifestyle management and chronic disease management reduced the employer’s average health care costs by about $30 per member per month (PMPM) with disease management responsible for 87% of those savings. Moreover, employees participating in the disease management program generated savings of $136 PMPM. These savings can be attributed in large part by a nearly 30% reduction in hospital admissions. ROI was $3.80 for disease management for every dollar invested.
KBG works with a variety of chronic disease management partners to tailor a solution for your employee population that will not only save hard dollars but improves productivity by reducing absenteeism and presenteeism costs.