Economic evaluation of corporate medical programs
Journal of Occupational Medicine. : Official Publication of the Industrial Medical Association
|April 1, 1983
Summary
Corporate medical programs can be cost-effective, particularly preemployment screenings and absenteeism/alcohol abuse initiatives. Further research is needed due to limited industry data.
Area of Science:
- Occupational Health
- Health Economics
Background:
- Rising financial austerity increases scrutiny of corporate medical program costs.
- Economic evaluations of these programs are crucial for demonstrating value.
Purpose of the Study:
- To review published economic data on corporate medical programs.
- To develop a framework for assessing program profitability and cost-effectiveness.
Main Methods:
- Literature review of economic evaluations of corporate medical programs.
- Development of a framework for profitability and cost-effectiveness assessment.
Main Results:
- Preemployment examinations likely offer a cost benefit.
- Absenteeism and alcohol abuse control programs are probably cost-effective.
- Existing data is limited to a small, unrepresentative industry sample.
Conclusions:
- Certain corporate medical programs demonstrate probable cost benefits.
- Further research with broader industry representation is warranted to validate findings.
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