New this year is addition of group health benchmark data providing information by disease state, prevalence and cost for a variety of industries
SAN FRANCISCO, Dec. 3 /PRNewswire-USNewswire/ -- To help employers evaluate the need for and effectiveness of their health and productivity management programs, the non-profit Integrated Benefits Institute (IBI) announced today the availability of its 2007 benchmarking data. Not only does IBI's benchmarking offer the ability to access the country's largest and most comprehensive single-source benchmarks across occupational and non-occupational disability/leave programs, this year users can also benefit from the addition of group health benchmark data. Through a partnership with Thomson Reuters encompassing 8 million covered lives from the MarketScan database, information is now available by disease state, prevalence and costs for a variety of industries.
IBI has amassed data based on 35,000 employer benefits programs comprising 2.32 million claims across workers' compensation, short- and long-term disability and family and medical leave. IBI now has the capacity to report on more than 400 industry groups, some down to the four-digit SIC (Standard Industrial Classification) code level.
IBI employer members receive benchmarks for their industry for WC (workers' compensation), STD (short term disability), LTD (long term disability) and FML (family and medical leave) programs. No-cost, one-year employer IBI memberships now are available by contacting [email protected]
"It's critical that employers and their supplier partners have access to credible, industry-specific, standardized data to benchmark results to help determine the impact and effectiveness of their benefits programs," said Chris McSwain, director, Global Benefits, Whirlpool Corporation. "IBI's disability and workers' compensation benchmarking database enables us to gather, track and analyze data related to disability and employee absences to positively influence the health of employees."
The data sets will support the development of new measurement tools for employers in 2009.
"The inclusion of group health data and new access to absence and presenteeism information through the Health and Work Performance Questionnaire (HPQ) database now residing at IBI, puts IBI in a unique position to help employers that are vision rich and data poor," said Thomas Parry, PhD, president of IBI. "In 2009, IBI will develop additional tools that will provide all an employer needs to help them understand the full costs of absence, lost productivity and health."
About the Integrated Benefits Institute
The Integrated Benefits Institute (IBI) provides employers and their supplier partners with resources for proving the business value of health. As a pioneer, leader and nonprofit supplier of health and productivity research, measurement and benchmarking, IBI is a trusted source for benefits performance analysis, practical solutions, and forums for information and education. IBI's programs, resources and expert networks advance understanding about the link between -- and the impact of -- health-related productivity on corporate America's bottom line. The IBI/NBCH 2009 Health & Productivity Forum will be held February 9-11, 2009 in Los Angeles. For additional information visit: ibiweb.org.
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SOURCE Integrated Benefits Institute