Employers shift costs for alternative medicine

Area of Science:

• Health economics
• Occupational health
• Alternative medicine

Background:

• Complementary and Alternative Medicine (CAM) offers various health services.
• Employers are increasingly exploring benefits beyond traditional healthcare.
• Evaluating the business case for new employee benefits is crucial.

Purpose of the Study:

• To outline key considerations for employers when evaluating CAM benefits.
• To determine the potential impact of CAM on workforce productivity.
• To assess the likelihood of CAM reducing overall medical costs.

Main Methods:

• The study recommends a qualitative assessment framework.
• Key performance indicators include productivity metrics and healthcare utilization.
• Cost-benefit analysis of CAM versus traditional treatments is advised.

Main Results:

• CAM benefits may enhance employee attraction and retention.
• Potential for reduced use of surgery, physical therapy, and pharmaceuticals exists.
• Productivity improvements are a critical factor in the ROI of CAM.

Conclusions:

• Employers should conduct thorough due diligence before offering CAM benefits.
• The decision to offer CAM should align with business objectives for productivity and cost savings.
• A strategic approach to benefit design can optimize workforce well-being and financial performance.