Diabetes management and cost savings go hand in hand
Diabetes is a costly disease to manage. It now accounts for one in every four healthcare dollars spent in the US. That adds up to $237 billion a year in direct medical costs alone1. That toll doesn't just affect those living with diabetes—it affects their employers as well.
Finding cost savings for employees
Rather than looking at whether employees have type 1 or type 2 diabetes, it may be more valuable for employers to classify the disease as controlled or uncontrolled within your employee population. When employees have diabetes under control, they are more likely to be in better health and show up to work, but uncontrolled diabetes comes with more severe health and cost implications.
Bridging the gap between controlled and uncontrolled diabetes can go a long way toward easing the financial burden of the disease. One way employers can step in is to offer a company-sponsored diabetes management plan such as RocheDiabetes Health Connection, which has been associated with significant reductions in estimated HbA1c at 16 weeks in patients with uncontrolled diabetes.2 It has been shown that improving glycemic control can lower healthcare costs by up to $2,500 per patient in the first year following improvement.1,2
Creating cost savings for employers
Even compared to factors like obesity, smoking and mental health, benefits decision-makers surveyed agreed that diabetes has the most significant impact on productivity within their companies. While productivity can be a difficult metric to measure, the financial implications for business are all too clear. The American Diabetes Association estimates that lost productivity due to diabetes costs employers $90 billion annually.1
This hefty sum is attributed to poor management of the disease—in other words, uncontrolled diabetes. Fatigue and sluggishness can have a significant impact on an employee's ability to do their work, and absenteeism is likely to be higher. That means helping your employees can also help your bottom line, and it's not difficult to take a meaningful step in the right direction. You might consider offering an in-office health fair, in which employees might get tested for high blood pressure or high cholesterol. Becoming aware of these common risk factors for diabetes can put employees on a path to better management.
Better still, you can offer personalized support for every employee with diabetes through RocheDiabetes Health Connection. Better productivity starts with a better benefits package. Reach out and request a demo to see how diabetes management and cost savings go hand in hand.
The mySugr program makes diabetes management easy.