Jeremy Chadwick , VSP Vision Care
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How employers can take control of unmanaged chronic disease health costs, and drive productivity across the whole workforce through better eyecare integrated into benefits packages
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Jeremy Chadwick , VSP Vision Care
- 1. VSP Proprietary & Confidential Vision Care : A Core Workplace Benefit 27 May 2016 Jeremy Chadwick, Managing Director EMEA
- 2. VSP Vision Care 34,000 network providers partner with VSP Vision Care 80 million VSP Vision Care members worldwide Largest not-for-profit vision benefits and services company We help people see by putting members first.
- 3. VSP Proprietary & Confidential Vision Is Important 63.4% 61.5% Of companies offer vision care with VSP to their employees
- 4. VSP Proprietary & Confidential The Human Eye: Complex Machinery
- 5. VSP Proprietary & Confidential Comprehensive Eyesight Exam โข Visual Acuity โข Refraction Test โ Determines the amount of vision correction โข Refractive Errors โ Nearsighted, Farsighted, Astigmatism, Presbyopia โข Visual System Evaluation โ External exam, Internal exam and pupil dilation โข Tonometry Test โ โPuff testโ measures the fluid pressure inside the eye โข Digital Retinal Imagery [DRI] โ photo of the back of the eye โข OCT โ [Optical Coherence Tomography] 3D slide through the eye
- 6. VSP Proprietary & Confidential Prescriptions Astigmatic Corneaโs surface is not spherical โ creates a twisted image Presbyopic Diminished focusing as we age
- 7. VSP Proprietary & Confidential Vision Related Diseases Diabetic Retinopathy Macular Degeneration Glaucoma
- 8. VSP Proprietary & Confidential Eyesight Exam Outcomes Hypertension High Cholesterol Prescriptions Eye-specific conditions Diabetes
- 9. VSP Proprietary & Confidential Employee Health Poor diet Poor health screening Stress Lack of sleep Inactivity Smoking Excessive alcohol consumption Are linked to serious condition health risks Seven employee behaviours linked to employment Hypertension High cholesterol Chronic back pain Coronary heart disease Cancer Lung disease Kidney disease Diabetes Depression Arthritis
- 10. VSP Proprietary & Confidential Diabetes Growth and Impact - US UK and Ireland following this trend
- 11. VSP Proprietary & Confidential Diabetes - Ireland
- 12. VSP Proprietary & Confidential Cost Savings โ US Case Study 0 Year 1 Year 2 Year 3 Year 4 Early detection of diabetes $2,246 Savings Savings increase to $2,787 Savings increase to $3,120
- 13. VSP Proprietary & Confidential Measuring the Value 145% ROI VSP Vision plans ยฃ420 Per employee saving โข A five year independent study conducted by Human Capital Management Sevices identified a 145% ROI on VSP vision plans โข Companies that target 3 major modifiable risk factors can save an average of ยฃ420/employee/year in health care costs and productivity improvements
- 14. VSP Proprietary & Confidential Better Business Through Smarter Vision Care Healthier employees, better condition identification and management Productivity improvement Return on Investment from employees and cost avoidance Employee engagement and retention , better benefit buying, wellness programme design
- 15. VSP Proprietary & Confidential Co-brand Option Discussion/Questions vsp-ireland.ie vsp-uk.co.uk
Editor's Notes
- VSP partners with over 34,000 doctors and 80 million members worldwide 75 million members in the US โ nearly 1 in 5 U.S. residents, 5 million members in Australia, Canada, Ireland and the U.K. - VSP is the largest national not-for-profit vision benefits and services company, serving 54,500+ clients, including over half of Fortune 500 companies. - Weโre not led by shareholders, so we can focus on helping people see by reinvesting money earned into the advancement of optometry and philanthropic programs in communities around the globe.
- 6 in 10 Fortune 100 companies offer VSP Fortune 500 statistics from July 2015 โ 301 having VSP with 475 companies offering a vision plan Fortune 100 statistics from March 2015 โ 56 having VSP with 92 companies offering a vision plan
- Top 15 chronic conditions account for 80pc of chronic disease costs worldwide