Ergomed Solutions Saves Your Company Money
“From a business perspective, our employees are our most valuable asset and one of our greatest competitive advantages. We have put a lot into hiring, training, and keeping our world class employees. It is a business imperative to have them healthy and at work”
Source speech Bronco Jazvac, Dofasco, Oct 12, 2000
Our On-Site Physiotherapy and Wellness Programs are not luxuries for the employees of your company. Our programs have a significant return on investment for your company. Research shows that wellness programs can realize returns as high as $3.60 for every dollar spent and On-Site Physiotherapy can, conservatively, saved companies tens of thousands of dollars per year.
Companies such as Dofasco have broadened their prevention efforts beyond traditional workplace safety concerns, to include health and lifestyle issues. These include promotion and support programs for employee fitness, weight control, nutrition, smoking cessation, stress management etc. This focus on “wellness” has produced tangible results for Dofasco In five years there have been a 54% reduction in lost timeinjuries, a 6 million dollar reduction in WSIB costs and a 57% reduction in absenteeism
Source speech Bronco Jazvac, Dofasco, Oct 12, 2000
Time and again the evidence shows that wellness programs including On-Site Physiotherapy saves companies money as well as protecting its employees.
· Dupont employees in the fitness program used 14 % fewer disability days.
· Program participants at Northern Gas Co. have 80% fewer sick days.
· Canadian Life Assurance Company demonstrated 32.4% lower turnover rate in wellness program participants vs non participants. Resulting in significantly reduced recruitment costs.
· General Electric reduced health care costs 38% in an 18 month period for participants of a fitness program.
· At Steelecase medical claims were 55% lower for fitness participants than non-participants.
Research done specifically on On-Site Physiotherapy indicates significant cost savings with speedier return to work outcomes.
· Ford Motor Car Company implemented an On-Site Physiotherapy Program at the St. Thomas assembly plant and demonstrated a cost savings of over 3.6 million dollars during the period of December 1988 to December 1991. Based on the success of this program On-Site Physiotherapy facilities were opened at the Oakville Assembly Plant and the Ontario Truck Plant.
· The NYNEX company studied the effectiveness or their On-Site Physiotherapy Program. The data showed the mean lost days for patients treated in house was 140 compared with the 489 mean lost days for patients treated elsewhere. A statistically significant difference, which translated into a total savings of $69,800 in one year, not including indirect costs for overtime, replacement, and adverse effects on coworkers morale.
· A study by Linz et al found occupational medicine center based physiotherapy had 45% less mean number of visits then the national benchmark. This resulted in an approximate savings of 1.4 million dollars to three employers in one year.
· BC Hydro found, not only did On-Site Physiotherapy result in an earlier return to work it saved over 100,000 dollars per year by eliminating the need for workers to leave their jobs for two hours per appointment day to attend outside physiotherapy.
At Ergomed Solutions we maintain our own statistics for each client. Our data demonstrates the significant savings that can be realized by the On-Site Physiotherapy Program.
At one of our clients, the Physiotherapy Program manages numerous occupational and non-occupational injuries. It was determined from our data and file reviews, that 46 employees of the nearly 200 patients seen in 2004 had either potential for lost time or had shortened lost time periods due to the Physiotherapy Program intervention.
If these 46 employees had the estimated 92 weeks of potential lost time saved, this would translate into a cost savings of wage replacement of 92 weeks x $900/week (based on an average gross salary of $45,000), which would equal a potential cost saving of $82,800.00
Additional factors which would increase the cost savings total, but are difficult to quantify with a dollar value are: loss of production within the department, replacement workers wage cost/overtime, employee morale and employee health benefit cost savings.
At Ergomed Solutions we are confident in our ability to deliver high quality rehabilitation that will save your company money and improve the health and morale of your employees. Please contact us for a detailed presentation of our services or if you have any questions.
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