optimity webinar series feb 2017
TRANSCRIPT
Mindfulness and Mental Health:Industry trends and effective strategies for the workplace
Jane WangCEO, Optimity
A Optimity Webinar
Sponsored by
Host: Trista ChanAdvisor, Wellness Strategies @myOptimity
Webinar Tips● Connect to audio using your computer’s microphone and speakers OR
Select “Use Telephone” after joining the webinar to turn on sound
● All guest lines are muted to avoid background noise
● Type in your questions in the tool and we will answer them in the Q&A period
● The slides and webinar recording will be sent out to you to share with others
● In the handout section there is a Willis Wellness Industry Trend report and Optimity Case Studies available as BONUS downloadable materials
About Optimity
The Optimity Digital Wellness Platform is used by organizational leaders to produce an ROI through holistic health support for their employees 24/7.
The digital platform is mobile-first and strategically targets high-cost issues to proactively coach employees on making better lifestyle choices, everyday.
2014-08-14 [email protected] | 1-416-450-7585 5
Easier Management and Better Data
Our customers can run more initiatives, faster and easier, and coordinate multiple sites. The cohesive database allows them to be data-driven on their initiatives to adapt and drive outcomes
Reduced Benefits and Claims Costs
We have proven results in targeted wellness programs that reduce drug claims, absenteeism, STD/LTD. Clients are getting $1.50 to $6.50 back for every $1 spent on wellness.
● 7x previous year engagement● Improved employee health
during audit season● Reduced attrition ● Promoted PwC culture
● Saved 200 hours for HR in 2016● Ran 3x number of successful programs● 4x engagement prior to Optimity● 25% improvement from previous year
engagement on Optimity
● Drug costs went from 20.3% YoY increase change to 7.4% YoY
● Reduction of absenteeism● $1.80 back for every $1 spent● 6x previous year engagement
Control drug claims, benefits costs, and boost engagement
RESULTS AND CASE STUDIES
● Jane: What is Mindfulness?
○ Top industry trends around mental health and impact on workplaces
○ Business case to help you get C-level support for mental health and mindfulness
○ 3 Case studies of mindfulness practices, and associated business outcomes
○ 2017 checklist for setting up your program
● Trista: Optimity Digital Wellness Implementation Strategies
○ 4 Tips on getting the highest participation on strategic mental health programs
● Q&A
Agenda
About Trista Chan & Jane Wang
Trista is an Advisor for Corporate Wellness Strategies at Optimity. Her background is nutrition and health promotion programs. She works with clients to customize wellness programs for targeted health support and to drive better outcomes.
Jane is the CEO of Optimity. Her background in global clinical trial management and proactive disease flagging provides the backbone for the cutting-edge disease prevention IP of the Optimity system.
Why the Focus on Mental Health?
• Costs $50 billion to our economy, $20 billion from workplace losses
• Only 23% Canadian workers feel comfortable talking about mental illness
• 30% of STD and LTD claims from mental health problems
• 500,000 Canadians absent daily
• HR is strategic for cost-containment and organizational success
Mental Health Top TrendsStress relief is needed daily• Mobile-first • Personalized content delivery• Useful for personalized context• Holistic health content
More results-driven• Mental health engagement gets
support from C-level sponsors when you can easily identify the “right” solutions to return real results >> business outcomes focus
There are many little activities I do throughout the day to ensure I stay energized and happy. I don’t realize how big of an impact they add up to be until I rest my head and reflect before bed.
- Trista
Optimity internal use
2 minutes at our Friday team meetings helps me work better with my colleagues collaboratively on more initiatives.
- Trista Chan
Employee Participation
Personalized Content
More Results From Partners
● 21% reduction in absenteeism over 3 years, 66% reduction in grievances - Homewood Health
● 10.66 to 6.55 days reduction in absenteeism, 7% reduction in healthcare costs - Michael Garron Hospital
● 30% reduction in sick leave - Upper Canada District School Board● 9 % increase in engagement, 12% above industry average for
employee engagement (Ontario Hospital Association) - North York General Hospital
““The Optimity platform is our most
highly-adopted program at
89% employee participation! Cost Savings 2016
Sherry MacDonaldCEO
$36K
Year -1 ROI: 1.81
* Willis Health Productivity Study 2015 https://www.willis.com/documents/publications/Services/Employee_Benefits/FOCUS_2015/14562_Health_Productivity.pdf
64% of wellness programs have no ROI
ROI
$1.50 for every $1 in year 1
Checklist for Mental Health Initiatives
● Gather past experiences
● Understand the top 5 industry best practices - media research
● Identify 2017 initiatives and tools for mental health
● Calculate estimated ROI: business impact
● Get C-level support, budget and resources
● Implement targeted initiatives - get help from vendors, if needed
● Track results to ensure ROI is realized
Optimity provides gamified wellness solutions to companies that achieve ROI in employee health through easy and scalable
implementation of best practices in wellness.
● Multiple demands ● Hard to coordinate● New requirements● High employee to
HR ratio● Metrics driven &
data analytics
Employee Healthy Activities
Organization Healthy Workplace
Fully-integrated Ecosystem
Devices & Health apps
Centralized Admin Dashboard
& Database
Connected Wearables
Customized Mobile Experience
Retargeting for Highest Cost
Issues
Cost to businesses in North America each year
$1,100,000,000Milken Institute, CA, USA
EMPLOYEE HEALTH COSTCosts per employee per year
$11,304 and growing at 6.5%9.3 days absenteeism
7-20% YOY increase in Rx costsAging population
● Drug claims
● Benefits Utilization
● Stress & sick leave, short-term disability, long-term disability
● Absenteeism
● Turnover
● Tracked ROI for Current Wellness Initiatives
Why a Strategic Focus on Outcomes
Average SickSuper Fit
DEMENTIA
Only Optimity focuses on the middle majority,
where the bulk of the prescription drug, benefits
utilization, absenteeism costs come from
Traditional Wellness Programs
Disease Management
Programs
77% PARTICIPATION
● Recruit champions across the organization● Build leadership culture within staff● Decentralize effort, but centralize coordination and results
● Bring-your-own-device● Right information at right time● Decrease clutter: reduce emails with push notifications
● Capture attention of the busy● Boost likelihood of employee engagement● Micro-habits lead to macro-results
● Get metrics● Leverage subject experts’ support● Improve and customize your offering over time
POCKET HEALTH COACH
Holistic health
Micro-habits
Social
Gamified
Rewards
ADMIN CONTROL
Claims Insights
Customized
Incentives Management
Population Analytics
ROI Measurement
1. Takeaways from Mindfulness and Mental Health in the Workplace● Top industry trends, impact of mental health on workplace● Business case to help you get C-level support for mental health initiatives ● 3 Case studies of mindfulness practices, associated business outcomes● How to get to started - 2017 checklist to set up program
2. Optimity Digital Wellness Implementation Strategies Optimity allows HR managers to leverage cutting-edge technology to run customized, engaging and adaptive employee programs from one hub.
● Digital solutions and best practices● 4 Tips on getting highest participation in strategic mental health
programs● Holistic health can be scalable and engaging
Mental Health in the Workplace: Summary
Learn more about employee health strategiesand ROI for wellness:
Trista [email protected]
www.myoptimity.com/roi
Feb Promotion: Get a free historical claims assessment with Optimity
