September 29, 2008
AIAG’s Health Solutions ’08: Wellness Pays Conference Helps Companies to Drive Down Health Care Costs and Improve Employee Productivity
SOUTHFIELD, Mich., Sept. 29 /PRNewswire/ -- More and more companies in the automotive supply chain are struggling to compete, amidst alarming increases in the cost of employee health benefits which account for an estimated $1,500 per vehicle produced. Lost productivity on the job is as much as two-times the combined cost of medical care and absence for employees with chronic health conditions. However employers can control these costs by implementing wellness, prevention and disease management programs which are proven to not only keep employees healthy but also raise productivity.
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"An ounce of prevention is worth a pound of cure. In fact, prevention is priceless when it comes to an individual's health and the productivity of this industry," stated Dave Lalain, Life Sciences Director for AIAG. Implementing a wellness program is an investment in human capital that can produce an extraordinary return on investment - $5.82:1 due to reduce absenteeism and $3.48:1 due to reduced medical costs.
"AIAG's Health Solutions '08 conference is designed to expand employers and their workforce's access to proven wellness and prevention programs," says Jane DeHart, vice president operations, Midwest Health System, Work-Safe Occupational Health. Best practice approaches for implementing sustainable wellness programs will be presented to help organizations, large and small, net up to a 37 percent decrease in their health care costs. Highlights include:
-- Don R. Powell, president and CEO, American Institute for Preventive Medicine will deliver the keynote presentation "The Ten Essential Characteristics of Successful Worksite Wellness Programs."
-- Teresa Bartlett, senior manager, disability & health care medical programs, Chrysler LLC, discusses Chrysler's successful "leap of faith" in controlling costs with a "A Non-Traditional Approach to Pain"
-- Robert A. Levine, PhD., director for integrative wellness and research, Henry Ford Health System, presents "Complementary Medicine for Alleviating Chronic Pain and Stress"
-- Charles H. Taylor, M.D. discusses "The Power of Good Health," and the success of TI Automotives' four-year clinical wellness program
-- Richard Frank, MD, MHSA, medical director, United Health Care, will talk about "Health, Wellness & Return on Investment -- A Payers Perspective"
-- Alan Spielman, president and CEO of the URAC, explains comprehensive wellness and focused wellness health management accreditation programs.
For more information on AIAG's health care projects or to register for Health Solutions '08, visit http://www.aiag.org/ or call AIAG customer service at (248) 358-3003.
The AIAG is a globally recognized organization founded in 1982 by a group of visionary executives from Chrysler, Ford Motor Company, and General Motors. The membership has grown to include prominent automotive OEM and suppliers such as Nissan, Toyota, Honda, Caterpillar Tractor, John Deere Corporation, International Truck Corporation, Daimler, PACCAR and others. Their purpose: To provide members an open forum to cooperate in developing and promoting solutions that enhances the prosperity of the automotive industry.
AIAG members play a unique role in the development of new technologies and the standards that govern their usage. Under the auspices of AIAG, volunteers from all layers of the supply chain work together to resolve issues critical to the automotive supply chain. For more information, please visit the organization's Web site at http://www.aiag.org/.
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CONTACT: Lorrie Kinney, AIAG, +1-248-213-4676
Web site: http://www.aiag.org/