Diabetes management and cost savings go hand in hand
Diabetes is a costly disease to manage. It's one of the highest of any chronic disease, totaling $375 billion every year in the U.S. alone. 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. Even when well controlled, however, their annual cost to manage the disease averages about $13,418 per year.
Unfortunately, controlled diabetes only accounts for a little over half of all cases. The other 43% live with uncontrolled diabetes, and the health and cost implications are more severe. These employees are more likely to take days off due to poor health and their annual expenditures trying to manage the disease total $21,193.
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.
RocheDiabetes Health Connection connects your employees to better results and relieves some of the upfront costs of diabetes management. Your employees get unlimited access to Accu-Chek® testing supplies, which can save them thousands of dollars every year.
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 $20.4 billion each year.
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.