Capita Employee Benefits has launched a health and wellbeing analysis tool designed to help employers make better decisions about their health and wellbeing strategy in order to potentially reduce insurance costs..
The Corporate Health Analysis Tool (Chat) analyses data from all benefits offered by an employer, generating specific information on the key health issues affecting that organisation’s workforce.
The system also provides information on projected insurance costs and the likely impact on the organisation’s financial position.
One financial services firm which piloted the tool and took subsequent recommendations from Capita saw private medical insurance claims fall by 30% and absence rates reduce by 8%.
Glen Campbell, director of employee benefits and reward for Capita Employee Benefits, said: “We estimate that, on average, Chat can help result in a saving of around 20% of an employer’s health and risk benefits spend.”
