Webinar to Show How High Utilization of Vision Benefits Equates to Significantly Increased ROI and Productivity
A recent study by the Vision Council finds 81 percent of American adults need some form of vision correction. According to VSP Vision Care (VSP), the only national not-for-profit vision company, with 70 million members and a network of 71,000 access points, enrollment in a vision plan leads to higher employee productivity and lower health care costs for employers. As a Strategic Partner of United Benefit Advisors® (UBA), UBA and VSP are hosting a WisdomWorkplace webinar for Human Resource professionals and employers, titled, "Getting the Most Out Of Your Vision Benefit" on Thursday, March 5, 2015, at 2:00 p.m. ET / 11:00 a.m. PT, which will teach the keys to cost savings with vision benefits.
VSP and Human Capital Management Services Group (HCMS Group) recently performed a study on 120,000 VSP members to determine the impact higher utilization of vision benefits had on early detection of chronic conditions, productivity, and healthcare costs. The results overwhelmingly showed that early detection not only translates into healthier employees, but also substantial savings through improved productivity and lowered healthcare costs.
The study found that employees with high vision benefit utilization rates will require fewer medications, are more likely to get preventive care, and will be 26.7% less likely to require an ER visit1.
“This translates into big savings for the employer," says Pat McClelland, Vice President of U.S. Commercial Accounts at VSP Vision Care. "Employers see an ROI of $1.45 for every initial dollar invested in exam services.”
ABOUT THE PRESENTER
Pat McClelland has been helping companies of all sizes and industries build strategic benefit packages for nearly 20 years. He manages sales, service, and renewal functions for employer groups of up to 1,000. A graduate of the University of San Francisco, Pat joined VSP in 2003, bringing more than 16 years of sales experience with him.
To register for the webinar, "Getting the Most Out Of Your Vision Benefit," go to http://bit.ly/1ChdmKA and enter code VSPUBA for a $50 discount. This webinar has been submitted to the Human Resource Certification Institute to qualify for 1.25 recertification credit hours.
ABOUT VSP Global®
VSP Global® includes VSP Vision Care; Marchon® Eyewear Inc., one of the world's largest manufacturers, designers and distributors of quality fashion and technologically-advanced eyewear and sunwear; Eyefinity® which offers innovative solutions and the premier management software and technology to improve overall practice management and patient experience; and VSP Optics Group, industry leaders in new technologies, production processes, service and logistics.
To date, through Eyes of Hope® outreach programs such as VSP Mobile Eyes® and Sight for Students®, and partnering organizations including the American Red Cross and Optometry Giving Sight, VSP Global companies have invested nearly $162 million in free eyecare and eyewear for more than 880,000 adults and children in need.
ABOUT United Benefit Advisors®
United Benefit Advisors (UBA) is the nation's leading independent employee benefits advisory organization with more than 200 offices throughout the United States, Canada and the United Kingdom. As trusted and knowledgeable advisors, UBA Partners collaborate with more than 2,000 fellow professionals to deliver expertise, thought leadership and best-in-class solutions that positively impact employers and make a real difference in the lives of their employees and families. An important product of that collaboration is the UBA Health Plan Survey -- the nation's largest employee benefits benchmarking survey. At UBA, we believe in service and genuine sharing through mutual trust. Our culture is one of honesty, transparency, and making others better. It is defined by the values of integrity, collaboration, care for others, innovation, and operational excellence. Employers, advisors and industry-related organizations interested in obtaining powerful results from the shared wisdom of our Partners should visit UBA online at www.UBABenefits.com.
United Benefit Advisors