The HSM Group - 2003 Speaking Engagements

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2004 HSM Speaking Engagements

"Demonstrating the Impact of Identifying and Treating Depression in the Workplace"

Learning Objectives:

To understand the impact of depression on the workplace in terms of absenteeism and reduced productivity.

To introduce a Web-based, interactive model for quantifying the links between identification and treatment of depression and improved patient outcomes.

To demonstrate the financial impacts to companies of untreated depression. Depression is a leading cause of absenteeism and lost productivity in the workforce. Depression affects almost every company to some degree, and its costs are high. Available evidence indicates that up to 50% of employees affected by major depression are undiagnosed and usually go untreated. Employers have a significant incentive to identify and treat employees who suffer from depression but are undiagnosed. On average, undiagnosed employees will miss from 30 to 50 workdays per year, and will incur incremental medical costs from $2,000 to $3,000 per year more than other employees.

The Productivity Impact Model is a new tool to help companies estimate depression's costs and project the benefits when depressed employees receive treatment.

This research-based management tool uses algorithms based on established clinical research and applies them to a company’s own workforce to estimate the incidence of depression within the organization. The model then predicts the expected number of days each year employees will be absent or suffer low productivity due to their depression, and the associated costs. Additionally, the Productivity Impact Model can project the net savings that will accrue with treatment of employees suffering from depression.

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