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The Business Value of Health: Linking CFOs To Health And Productivity

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In 2006, the Integrated Benefits Institute pursued further research on how senior financial executives link health and productivity. In collaboration with CFO Research Services (a unit of CFO …

In 2006, the Integrated Benefits Institute pursued further research on how senior financial executives link health and productivity. In collaboration with CFO Research Services (a unit of CFO Publishing Corp.), IBI surveyed and analyzed results from 343 CFOs, financial directors, executive and senior vice presidents of finance and vice presidents of finance. The study was funded by Novartis, a member of the IBI Board of Directors.

Published in Business , Economy & Finance
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  • In 2006, the Integrated Benefits Institute pursued further research on how senior financial executives link health and productivity. In collaboration with CFO Research Services (a unit of CFO Publishing Corp.), IBI surveyed and analyzed results from 343 CFOs, financial directors, executive and senior vice presidents of finance and vice presidents of finance. The study was funded by Novartis, a member of the IBI Board of Directors.

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  • 1. The Business Value of Health Linking CFOs to Health and Productivity IBI Research - 2006 IBI CFO Research Source: The Business Value of Health: Linking CFOs to Health and Productivity , Integrated Benefits Institute, 2006
  • 2.
    • Key Insights:
    • CFOs want to control health plan costs but they also seek to manage all health-related costs (e.g., medical, absence, disability, etc.).
    • 6 in 10 agree that the costs of ill health can’t be shifted
    • Most know that ill health affects absence, presenteeism and bottom line
    • Few get all the lost-time financial impact information they need
    • They respond to lost time through expensive options
    • If they had the lost-time information they value, CFOs would use that information to manage absence and presenteeism, weigh the impact of lost time against healthcare program costs, and use it to evaluate the effectiveness of their healthcare plans
    • The full study is available to members of IBI. Commentary is available in Notes view.
    Purpose: 2 nd of two CFO surveys identifies their willingness to consider lost productivity as a function of ill health and identifies the lost-productivity information important to them IBI CFO Research
  • 3. CFO Healthcare Management Objectives for Next Two Years No difference Source: The Business Value of Health: Linking CFOs to Health and Productivity , Integrated Benefits Institute, 2006
  • 4. The Impact of Ill-Health 96% 90% 86% 84% 71% Source: The Business Value of Health: Linking CFOs to Health and Productivity , Integrated Benefits Institute, 2006
  • 5. Are CFOs Getting Information?
    • Absence
      • 51% ever get reports on occurrence
      • 22% get reports on financial impact
    • Presenteeism
      • 22% ever get reports on occurrence
      • 8% get reports on financial impact
    Source: The Business Value of Health: Linking CFOs to Health and Productivity , Integrated Benefits Institute, 2006
  • 6. Lost Work Time Criticality 49% Source: The Business Value of Health: Linking CFOs to Health and Productivity , Integrated Benefits Institute, 2006
  • 7. How Companies Respond to Lost Time
    • Absence
      • Overtime
      • Temporary Workers
      • Work Undone
      • Deadlines Missed
      • Bigger Staff
    • Presenteeism
      • Overtime
      • Temporary Workers
      • Deadlines Missed
      • Work Undone
      • Bigger Staff
  • 8. How CFOs Quantify Health-related Lost Productivity Source: The Business Value of Health: Linking CFOs to Health and Productivity , Integrated Benefits Institute, 2006
  • 9. How CFOs Would Use Lost-Productivity Information Source: The Business Value of Health: Linking CFOs to Health and Productivity , Integrated Benefits Institute, 2006