A RAND Corporation study found that every $1 invested in programs targeting chronic diseases like diabetes and obesity yields a return on investment (ROI) of $3.80.
In my presentation, I will highlight how having an American Association of Diabetes Educators Accredited or American Diabetes Association Recognized Diabetes Self-Management Education/Support (DSME/S) program embedded throughout your health benefits program can help you to maximize your ROI by targeting this disease.
I will share through story telling, case studies, and research the following:
- Research has demonstrated that an evidence-based, accredited/recognized DSME/S program can reduce hospital admissions and readmissions, reduce estimated lifetime health care costs related to lower risk for complications, and reduce A1c by as much as 1% which can translate into an annual savings of $875-$1,1188.
- To maximize employee engagement and participation, there needs to be clear communication about the benefits DSME/S program.
- Certified diabetes educators are the experts.
- More than any other chronic disease, self-management education is critical to positive outcomes for diabetes.
- Providing DSME/S services on-site during work hours can ensure your program is both convenient and easily accessible for your employees.
- Reducing out of pocket expenses can help incent individuals to improve their diabetes self-care.
- .Employers that have incorporated DSME/S services into their health benefits program have reported improvement in clinical measures such as A1c, improved employee satisfaction, and a significant reduction in employee health care costs.
- Beyond the direct savings to the medical costs, other benefits include achieving recruitment, retention, and productivity goals.
Insurers have reported spending $5,000 a year per member with pre-diabetes, $10,000 per member with diabetes with no complications, and $30,000 per member with diabetes with complications. Beyond cost-sharing for medical expenses, employers face a very real burden from the indirect costs associated with their employees’ diabetes-related absenteeism, presenteeism, disability, early retirement, and early mortality.
The following are essential to reducing these costs:
- Screening employees for diabetes.
- Cost avoidance by providing a diabetes prevention program to employees with pre-diabetes in order to reduce the number of employees that go onto developing type 2 diabetes.
- Ensure that employees with diabetes have DSME/S at diagnosis to reduce the risk of complications early on.
- Encourage employees to return as appropriate for a “diabetes self-management” tune-up to maintain or improve their diabetes management.
It is a privilege to be apart of the 2017 Indiana Health and Wellness Summit that is focused on healthcare to optimize workforce goals.