ON Chiropractic Spring 2015 | Page 22

FEATURE STORY / TRENDS IN EXTENDED HEALTH INSURANCE N ext to individual patients (paying out of pocket), Extended Health Benefits (EHB) account for the greatest sources of revenue for chiropractors in the province. Ontarians of all generations now expect EHB plans to fill in the gaps and support what public health system coverage cannot. But with rising costs and an aging population, what does the future hold for EHB in Ontario? It is impossible to know for sure, and this is a source of great concern for many chiropractors. The good news is that there are signals that chiropractors are well positioned to be a partner in helping to meet the challenges facing EHB plans and the broader health care system down the road. There are three key trends which speak to this potential: the need for chiropractic expertise within the workplace and EHB plans, the emerging reality of EHB economics, and developments in how some specific health care services are delivered at the clinic level. Preferred Provider Networks are a significant part of the latter trends and an opportunity for chiropractic to play a larger role in Ontarians' health in the years to come. The Role of Chiropractic in EHB Plans M orneau Shepell, a leading human resourcing consultancy and EHB plan broker, recently released a report that sheds important light on how companies are thinking about the role of EHBs in meeting their business objectives. 57% of employers that Morneau Shepell surveyed said that a top priority for 2015 is improving health and well-being among employees. Managing absenteeism is one potential 22 SPRING 2015 benefit of EHB plans that is increasingly valued by employers and plan members (employees) alike. Reducing short-term disability (STD) costs was also identified as a priority by 39% of the companies Morneau Shepell surveyed. The top two causes of STD are mental health and musculoskeletal (MSK) conditions. The interaction of these two concepts demonstrates the opportunity for chiropractic. What companies are seeking are ways to keep their most are heavily incentivised to focus on employee health and well-being in order to manage absenteeism and reduce the frequency and length of STD claims. Chiropractors are extremely well suited to support employers in this effort, and many practitioners across the province are forging paid and volunteer relationships to support companies in this effort. Chiropractors are able to provide one-stop solutions to employers looking for programs and advice on exercise “Benefits Consultants and TPAs agree that chiropractic is an integral and sustainable component of employee benefits plans with a continuing role in maintaining the health and well-being of productive workforces.” Dwight Lacey productive assets – their people – happy, healthy and engaged. While this makes intuitive sense, consider the business impact of each STD claim. The employee that eventually requires being on STD leave is likely not performing their duties to their utmost in the days and weeks leading up to their leave. Then when the leave begins, a temporary replacement is often retained to fill the void. The recruitment and onboarding process of a contract employee carries costs, even if that process unfolds quickly and without significant interruption to business operations. Adding to those costs, while an employee is on STD, the employer is typically still paying some portion of their salary in addition to the full salary of the temporary hire performing their duties. So what does this mean? Employers programs, ergonomics, diet and nutrition and, most importantly, specific care for a wide range of neurological and MSK conditions. This is in addition to the reality that chiropractors support EHB plan members in a variety of ways as patients in their practices each and every day. This work is both keeping employees healthy and productive and helping them to return to work sooner when problems do arise. Dwight Lacey, a consultant with decades of deep and varied experience in the insurance industry, recently conducted a series of interviews with insurance industry stakeholders on behalf of the Ontario Chiropractic Association (OCA). His findings illuminate a number of sources of optimism for chiropractors. “Chiropractic is a respected and