Navigation Links
Integrated Benefits Institute Announces Availability of 2008 IBI Benchmarking Industry Reports
Date:10/6/2009

Largest single-source database identifies competitive advantage for employers from effective health, disability and productivity management

SAN FRANCISCO, Oct. 6 /PRNewswire/ -- To help employers gauge benefits-program results, the not-for-profit Integrated Benefits Institute (IBI) released today the country's largest single-source benchmarking database across industry groups and occupational and non-occupational benefits programs. The 2008 IBI Benchmarking database compares how employers' lost-time programs perform against others in their industry.

IBI employer members receive benchmarks for their industry for workers' compensation, short-term disability, long-term disability and family and medical leave programs. IBI benchmarking also compares results by plan design for short- and long-term disability. "Sometimes plan design differences can mean more than the industry group an employer is in," said Pamela Hymel, MD, senior director - Integrated Health, corporate medical director, Cisco Systems. "At Cisco we've been able to use IBI benchmarking for plan design comparisons for two years."

These reports are available at no cost to IBI employer members. Complimentary, one-year employer IBI memberships are available by contacting info@ibiweb.org.

The Institute provides on-line access to benchmarks based on 27,000 employer benefits programs with almost 3 million claims. Reports are available for more than 600 benefits-program industry groups. New features this year allow comparisons based on the interests of the user - benchmarks for the typical employer in the industry group as well as newly providing benchmarks across all the claims in the industry group, a metric valued by suppliers.

"Employers want to know what results are typical for other employers in their industry," said Thomas Parry, PhD, president of IBI. "Those managing claims for clients, however, often want comparisons calculated as metrics across all claims within an industry group. Thus, comparisons that only look, for example, at how the average experience of a 100-employee program compares to a 150,000-employee program may miss the mark for suppliers. IBI's benchmarking program provides both views."

In addition to expanding IBI benchmarking reports to reflect the comparisons important to suppliers as well as to employers, this year IBI's industry reports also identify the medical conditions that drive incidence and costs for short- and long-term disability programs by major diagnostic group. Unless employers understand what conditions are driving lost time, it is difficult to manage improvement.

"Employers look to us for sources of credible, industry-specific benchmark data in order to make informed decisions impacting these important employee benefit programs," said Mary Tavarozzi, principal, Towers Perrin. "IBI's benchmarking database provides us with the comprehensive, standardized data sets we need to compare employers' programs across a wide range of data points and to evaluate the programs' effectiveness and results."

About the Integrated Benefits Institute

IBI's benchmarking expansion comes with the release over the past month of three new lost-productivity modeling tools, rounding out IBI's suite of health and productivity measurement and modeling tools that demonstrate the business value of health. Benchmarking and the HPQ-Select self-report tools provide in-depth information on employers' benefits program results, lost time and lost productivity. The Lost Productivity Calculators and IBI's Health & Productivity Snapshot provide modeling tools for employers that are vision rich and data poor but want to know the costs of not improving employee health and productivity for employers.

Available Topic Expert(s): For information on the listed expert(s), click appropriate link.

Thomas Parry

https://profnet.prnewswire.com/Subscriber/ExpertProfile.aspx?ei=81799

SOURCE Integrated Benefits Institute


'/>"/>
SOURCE Integrated Benefits Institute
Copyright©2009 PR Newswire.
All rights reserved

Related medicine news :

1. Researchers develop an integrated treatment for veterans with chronic pain and posttraumatic stress
2. Integrated Benefits Institute Launches Productivity Modeling Tools to Help Employers Estimate the Impact of Absent Employees
3. Health Integrated Enters into Agreement with Blue Cross of Idaho to Carve-in Behavioral Health Management
4. Health Plan Executives to Share Winning Strategies in the Age of Reform During Health Integrated Forum
5. Integrated Medical Systems Receives CE Mark for Worlds First Suitcase Intensive Care Unit
6. Former Veterans Affairs Secretary Joins Integrated Medical Systems Advisory Board
7. ITT Software Integrated with Radiant Mercury Cross Domain Solution
8. Integrated Medical Systems Receives $1.1 Million From the U.S. Department of Defense for Critical Enhancements of the Worlds First Suitcase Intensive Care Unit
9. IRadimed Announces 510K Clearance of the New Non-Magnetic MRidium(TM) MRI IV Pump with Integrated Masimo SET(R) SpO2 Monitoring
10. WellPoint Collaborates with RedBrick Health to Create Integrated, Behavior-Based Wellness and Incentives Programs
11. Health Integrated Named to the 2009 Inc. 5000
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:1/16/2017)... ... January 16, 2017 , ... ... provide first-quality education and high-level training standards to an international multidisciplinary group of ... disorder problems. As a way to further its mission at the grassroots level, ...
(Date:1/15/2017)... NY (PRWEB) , ... January 15, 2017 , ... In ... accounts in the United States for the asthma & allergy friendly mark. This certification ... to independently test and identify consumer products to be more suitable for the 60+ ...
(Date:1/15/2017)... CA (PRWEB) , ... January 15, 2017 , ... ... their choice of best physicians in eight Bay Area counties for 2017. Almost ... the healthcare research company managing the award process. Results were announced the magazine’s ...
(Date:1/14/2017)... CA (PRWEB) , ... January 13, 2017 , ... ... on Body and Soul, incorporating a magnesium-rich Mediterranean diet may lower the risk ... Café and Lounge notes that the many health and wellness benefits linked to ...
(Date:1/13/2017)... ... 2017 , ... A January 10 article in the Daily Star ... publication, with an emphasis on some new techniques that the publication says are becoming ... more casually to his patients and colleagues as Dr. J, comments that the best ...
Breaking Medicine News(10 mins):
(Date:1/16/2017)... , January 16, 2017 According to a new ... Opportunity Analysis and Industry Forecast, 2014 - 2022," the global antioxidants market generated ... registering a CAGR of 6.42% during the forecast period. In the natural antioxidants ... volume in 2015. Continue Reading ... ...
(Date:1/16/2017)... , Jan. 16, 2017  Today, Analytics 4 Life ... devices, announced its expansion into JLABS @ ... life science incubators. As a resident in the space, ... medical device development and commercialization expertise. JLABS ... science innovation center that provides a flexible environment for ...
(Date:1/15/2017)... Le conseil d,administration de SurgaColl Technologies Ltd., le développeur ... de tissus humains, annonce la nomination de William (Bill) ... ... est un dirigeant expérimenté à l,international dans l,industrie des dispositifs ... de direction au sein de sociétés internationales spécialisées dans les ...
Breaking Medicine Technology: