SlideShare a Scribd company logo
VSP Proprietary & Confidential
Vision Care : A Core Workplace Benefit
27 May 2016 Jeremy Chadwick, Managing Director EMEA
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.
VSP Proprietary & Confidential
Vision Is Important
63.4% 61.5%
Of companies offer vision care with VSP to their employees
VSP Proprietary & Confidential
The Human Eye: Complex Machinery
VSP Proprietary & Confidential
Comprehensive Eyesight Exam
• Visual Acuity
• Refraction Test – Determines the amount of vision correction
• Refractive Errors – Nearsighted, Farsighted, Astigmatism,
Presbyopia
• Visual System Evaluation – External exam, Internal exam and
pupil dilation
• Tonometry Test – “Puff test” measures the fluid pressure
inside the eye
• Digital Retinal Imagery [DRI] – photo of the back of the eye
• OCT – [Optical Coherence Tomography] 3D slide through the
eye
VSP Proprietary & Confidential
Prescriptions
Astigmatic
Cornea’s surface is not
spherical – creates a
twisted image
Presbyopic
Diminished focusing as
we age
VSP Proprietary & Confidential
Vision Related Diseases
Diabetic
Retinopathy
Macular
Degeneration
Glaucoma
VSP Proprietary & Confidential
Eyesight Exam Outcomes
Hypertension
High Cholesterol
Prescriptions
Eye-specific
conditions
Diabetes
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
VSP Proprietary & Confidential
Diabetes Growth and Impact - US
UK and Ireland following this trend
VSP Proprietary & Confidential
Diabetes - Ireland
VSP Proprietary & Confidential
Cost Savings – 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
VSP Proprietary & Confidential
Measuring the Value
145%
ROI
VSP Vision
plans
£420
Per
employee
saving
• A five year independent study
conducted by Human Capital
Management Sevices
identified a 145% ROI on VSP
vision plans
• Companies that target 3
major modifiable risk factors
can save an average of
£420/employee/year in health
care costs and productivity
improvements
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
VSP Proprietary & Confidential
Co-brand Option
Discussion/Questions
vsp-ireland.ie
vsp-uk.co.uk

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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 • Visual Acuity • Refraction Test – Determines the amount of vision correction • Refractive Errors – Nearsighted, Farsighted, Astigmatism, Presbyopia • Visual System Evaluation – External exam, Internal exam and pupil dilation • Tonometry Test – “Puff test” measures the fluid pressure inside the eye • Digital Retinal Imagery [DRI] – photo of the back of the eye • OCT – [Optical Coherence Tomography] 3D slide through the eye
  • 6. VSP Proprietary & Confidential Prescriptions Astigmatic Cornea’s surface is not spherical – 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 – 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 £420 Per employee saving • A five year independent study conducted by Human Capital Management Sevices identified a 145% ROI on VSP vision plans • Companies that target 3 major modifiable risk factors can save an average of £420/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

  1. VSP partners with over 34,000 doctors and 80 million members worldwide 75 million members in the US – 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. - We’re 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.
  2. 6 in 10 Fortune 100 companies offer VSP Fortune 500 statistics from July 2015 – 301 having VSP with 475 companies offering a vision plan Fortune 100 statistics from March 2015 – 56 having VSP with 92 companies offering a vision plan
  3. Top 15 chronic conditions account for 80pc of chronic disease costs worldwide