Largest single-source database identifies competitive advantage for employers from effective health, disability and productivity management
To help employers gauge benefits-program results, the not-for-profit Integrated Benefits Institute (IBI) released today the country's largest single-source benchmarking database across industry groups and occupational and non-occupational benefits programs. The 2008 IBI Benchmarking database compares how employers' lost-time programs perform against others in their industry.
IBI employer members receive benchmarks for their industry for workers' compensation, short-term disability, long-term disability and family and medical leave programs. IBI benchmarking also compares results by plan design for short- and long-term disability. "Sometimes plan design differences can mean more than the industry group an employer is in," said Pamela Hymel, MD, senior director - Integrated Health, corporate medical director, Cisco Systems. "At Cisco we've been able to use IBI benchmarking for plan design comparisons for two years."
These reports are available at no cost to IBI employer members. Complimentary, one-year employer IBI memberships are available by contacting info@ibiweb.org.
The Institute provides on-line access to benchmarks based on 27,000 employer benefits programs with almost 3 million claims. Reports are available for more than 600 benefits-program industry groups. New features this year allow comparisons based on the interests of the user - benchmarks for the typical employer in the industry group as well as newly providing benchmarks across all the claims in the industry group, a metric valued by suppliers.