Dealing With The Two “-teeisms”

Steve Horvath, CoreSource VP of Marketing and Product StrategyAbsenteeism and presenteeism are like twin anchors on employers, dragging down employee productivity and taking a chunk out of the bottom line. By some estimates, absenteeism costs employers over $225 billion each year[1], while the cost of presenteeism has been pegged at around $250 per year per employee[2]. In a pair of recent articles, our VP of Marketing and Product Strategy, Steve Horvath, points out several ways employers can use employee benefits to help inoculate businesses against these two threats and help to lessen the losses.
Horvath shared his expertise last month with readers at Benefits News and Benefits Pro, where he broke down the causes of these problems and the tools CoreSource can provide to businesses to help ensure employees show up each day ready to play.
In his piece for Benefits Pro, Horvath shares three specific ways employers can fight presenteeism, specifically, and explains what exactly presenteeism is. The strategies Horvath shares are all targeted at promoting “whole health” for employees, recognizing that physical, financial, and emotional health are the key pillars to maintaining a healthy, effective workforce. Read more…
Writing for Benefits News, Horvath also takes on absenteeism, in addition to presenteeism, and looks closely at the underlying causes. As with presenteeism, absenteeism is largely driven by the erosion of financial, physical, and mental health. One of the biggest causes of absenteeism is chronic depression, which Horvath calls out as also being one of the most easily treatable illnesses facing employees, according to the American Psychiatric Association. Again, benefits can be used by employers to bolster the health of their people. Read more…
At CoreSource, we understand the role benefits play in the lives of members, and also how important they are to the health of the company. We offer customized, modern tools for employees and employers like telemedicine, PayActiv, cost and quality transparency tools, Simplicity and more to help save money and improve outcomes for everyone. Contact us to learn more about how they can work for you.
[1] CDC Foundation. (2015). Worker Illness And Injury Costs U.S. Employers $225.8 Billion Annually.
[2] Goetzel, R.Z., Long, S.R., Ozminkowski, R.J., Hawkins, K., Wang, S.S., & Lynch, W.D. (2004). Health, absence, disability, and presenteeism cost estimates of certain physical and mental health conditions affecting U.S. employers. Journal of occupational and environmental medicine, 46 4, 398-412.

2018 CoreSource Summit

For three days in February, members of CoreSource leadership from around the country came together for our annual summit and a recommitment to making CoreSource a “Force of the Future” in 2018. Over 130 members of our nationwide team attended this year’s summit, Feb. 19 – 21, in Rosemont, IL.
In addition to the normal keynote addresses and workshops of years past, this year’s summit included personal appearances from clients who spoke about how we help them reach their goals, and the value they realize from our service to them.

Posted on March 29, 2018 in Products & Solutions

Are you Following us on Social?

CoreSource social channels are a bountiful resource for anyone in the industry, delivering fresh content for brokers and employers.

Posted on March 22, 2018 in Consumer Engagement Products & Solutions

How to Talk about Healthcare Accountability

We’ve been seeing a shift of healthcare accountability from employer to employees, marked by the rise of High Deductible Health Benefit Plans and Health Savings Accounts, and I don’t see it shifting back. But accountability is a two-way street. Employees are also rightfully asking for more accountability from their employer and to be more directly engaged in managing their healthcare. By fostering the dialog between employers and employees, brokers will play a critical part in empowering healthcare consumers.

Posted on March 21, 2018 in Consumer Engagement Cost & Risk Management

3 Tips to get Employees Engaged with Healthcare Tools

Navigating healthcare can be a complicated, frustrating experience for members, but there are tools that can help make the process easier. A few employee benefits administrators use a “digital toolbox” to house an employer’s offerings, a single URL that serves as a central location for educational, support, and communications-related resources for members. This toolbox is loaded with brochures and flyers, videos, healthcare consumer support tools and electronic communications all in one convenient spot. Tools won’t do your employees much good if they don’t open the toolbox and start using them. Getting employees to engage with their healthcare tools is key, and we have three strategies to help empower them.

PayActiv instead of Payday Lending

PayActiv offers a new way to help alleviate financial stress for employees who would otherwise turn to payday lending. With PayActiv, employees get access to their earned wages early. It's not a loan, so there's nothing to repay, and it doesn't cost employers anything.

Posted on February 21, 2018 in Financial Wellbeing Products & Solutions

2017 Year in Review

A summary of CoreSource's biggest achievements in 2017 and how they helped the brokers and consultants who sell CoreSource products and services.

Posted on February 07, 2018 in Products & Solutions

Convenience, Cost Transparency, Cost Savings

Healthcare consumers increasingly seek options that are convenient and cost transparent. To meet this growing demand for consumer-centric healthcare, CoreSource is introducing its Digital Savings Solution (DSS).

Posted on November 08, 2017 in Products & Solutions

Self-Funding 101

What is self-funding exactly? Simply put, self-funding is a cost-effective and flexible way to avoid the continually rising premiums of a fully insured plan.

Posted on October 25, 2017 in Self-Funding 101

Beyond Network Discounts

We all love to get a great discount on our purchases— who can resist ads that tout a sales price at 50% off?  But when it comes to evaluating the price for a healthcare service, does a higher discount equal greater savings?

Posted on September 20, 2017 in Cost & Risk Management

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