ReedGroup Research Points to Over $6B in Avoidable Medical Costs
Ground-breaking research in the area of medical costs associated with disability episodes points to dramatic cost savings for employers, payers and providers
The research involved analyzing how medical and pharmaceutical costs change over time during the course of an individual’s absence from work. The analysis was based on a longitudinal database of more than 885,000 disability claims and 41 million healthcare records from employers and payers, associated with more than 1,400 unique diagnoses, over a 7-year period. This comprehensive database allowed ReedGroup’s researchers to build sophisticated models that considered important case characteristics such as severity of disease and history of past illness.
“For years, employers and payers have been trying to determine how to significantly lower costs associated with employees who leave work due to short-term disability,” said
ReedGroup’s research found that there was a direct link between incurred costs and the duration of an employee’s disability, with significant costs occurring even at later stages of the disability case. For example, among the 13,000 cases in the research cohort that experienced treatment for one of the highest-frequency disabilities in the work force --meniscus disorders-- there were
ReedGroup’s innovative research in the area of medical costs is continuing, with new initiatives underway to study how the adherence to treatment guidelines affects disability durations and medical costs, and how employers can model costs for employees with chronic conditions such as asthma and diabetes.
About ReedGroup
ReedGroup, a wholly owned subsidiary of
View source version on businesswire.com: http://www.businesswire.com/news/home/20170328005345/en/
ReedGroup
tracy.dunagan@reedgroup.com
Source: ReedGroup


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