Workforce Absence Analyzer
What is Workforce Absence Analyzer?
Workforce Absence Analyzer is a predictive model from Aon designed to significantly improve employee health outcomes while enhancing business performance by reducing preventable workers’ compensation claims and their financial impact on organizations.
This first-of-its-kind tool leverages the power of machine learning, analytics and data from various sources, including medical, pharmacy, eligibility, job roles, industry trends, demographics, workers’ compensation claims, and absence and disability records. This comprehensive approach provides employers with a holistic view of their population’s specific claims exposure.
Utilizing this information, Workforce Absence Analyzer generates predictive insights and segments future risks, offering cost estimates based on each employee’s unique health profile to quantify the true cost of absence. Organizations can then implement proactive, data-driven engagement strategies to mitigate compensation risk, effectively reducing absenteeism, turnover and claims costs.
Why is Workforce Absence Analyzer Important?
The increasing prevalence of obesity, high blood pressure and diabetes is directly impacting workforce wellbeing, as well as workforce absence. Declining physical and mental health among employees can significantly affect organizations, leading to lower return-to-work rates, increased litigation, and higher healthcare costs.
Aon analysis indicates that 60% of individuals with workers’ compensation claims have at least one chronic health condition, with 30% of individuals with workers’ compensation claims having two or more chronic health conditions. Additionally, Aon’s analysis finds that workers’ compensation claim costs are roughly 25% higher if the claimant has at least one chronic health condition.
By understanding the prevalence of these conditions within your workforce and their relationship to workers’ compensation occurrence and cost, Aon helps organizations proactively implement interventions that improve overall employee health and reduce lost time.
60%
Sixty percent of individuals with workers’ compensation claims also suffer from a chronic condition.
Source: Aon Analysis
The insights generated by the Workforce Absence Analyzer empower organizations to:
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Develop Targeted Health and Wellness Programs
Leverage proactive, data-driven strategies to close care gaps, improve employee health, and reduce the prevalence of chronic conditions.
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Enhance Workplace Accommodations
Implement programs that adapt to the workforce's evolving needs, fostering a healthier and more productive environment.
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Improve Response to Injury and Illness
Improve the ability to prevent, manage, and respond to workplace injuries more effectively, reducing downtime and claims.
How Aon Can Help
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Data Integration
By combining health and workers’ compensation claims, productivity metrics, absence records, and demographic data, we create a comprehensive dataset. This integrated approach allows us to develop a customized view of your population and exposure, providing valuable insights tailored to your organization's unique needs.
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Risk Predictions and Identification
Our solution predicts high, medium, and low claim risks by stratifying members into risk segments based on medical and workers’ compensation claims history, job role, and demographics. This advanced approach enables you to:
- Forecast claim expenditures
- Anticipate employee absences
- Assess the likelihood of successful outcomes
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Engage and Prevent
With insights into who may have a claim and the underlying reasons, you can strategically coordinate health and risk resources to implement the most effective strategies. This approach allows you to:
- Target resources to maximize success
- Reduce the likelihood of employees having claims
- Lower the severity of claims, ensuring shorter and less frequent occurrences
- Optimize risk strategy, enhance risk mitigation and improve employee retention
30%
An estimated 30% of workers’ compensation claims are preventable.
Source: Aon Analysis
