Industry's largest single-source database used by employers to effectively manage their absence and disability efforts
SAN FRANCISCO, Dec. 13, 2010 /PRNewswire-USNewswire/ -- To help employers and their benefits partners gauge health, disability and productivity program results, the non-profit Integrated Benefits Institute (IBI) released today its latest Benefits Intelligence benchmarking updates. The IBI program is the country's largest single-source benchmarking database across industry groups and occupational and non-occupational benefits programs. This benchmarking data tool is used by consultants, brokers, risk managers and benefits professionals to help employers assess the impact of their health and productivity programs as compared to others in their industry.
IBI provides access to annual benchmarks from more than 45,000 employer benefits programs based on almost 3 million claims. Reports are available for more than 700 SIC industry groups.
Industry-specific benchmarking reports are available for short-term disability, long-term disability, workers' compensation and family and medical leave programs. IBI Benefits Intelligence also compares results by plan design for short- and long-term disability. Employers receive access to high-level benchmarks for their industry as part of IBI membership. Complimentary, one-year employer IBI memberships are available at ibiweb.org/register.
"For employers now facing the post-reform decision to stay in or get out of health benefits, health-related lost time and disability experience is more important than ever," said Thomas Parry, Ph.D., president of IBI. "Through IBI's benchmarking program employers and their suppliers can access critical metrics around a variety of measures covering incidence, cost and claims duration."
In addition to expanding IBI benchmarking reports to reflect the comparisons important to suppliers as well as to employers, IBI's industry reports also identify the medical conditions that drive incidence and costs for short- and long-term disability programs by major diagnostic group. Unless employers understand what conditions are driving lost time, it is difficult to target interventions and achieve improvement.
About the Integrated Benefits Institute
The Integrated Benefits Institute (IBI) provides employers and their supplier partners with resources for demonstrating the business value of health. As a pioneer, leader and nonprofit supplier of health and productivity research, measurement and benchmarking, IBI is a trusted source for benefits performance analysis, research-based approaches, and forums for information and education. IBI's programs, resources and expert member networks advance understanding about the link between – and the impact of – health-related productivity on corporate America's bottom line. For additional information visit: ibiweb.org.
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SOURCE Integrated Benefits Institute