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An Employer’s Wellness & Preventive Medicine Program April 2013 A Culture of Health.

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Presentation on theme: "An Employer’s Wellness & Preventive Medicine Program April 2013 A Culture of Health."— Presentation transcript:

1 An Employer’s Wellness & Preventive Medicine Program April 2013 A Culture of Health

2 110811CAM About Parker The Global Leader in Motion & Control Technologies (NYSE:PH) $12.3 Billion in Revenue 58,000 Employees 47 Countries World’s leading diversified manufacturer of motion and control technologies and systems Broad technology platform encompassing nine technologies: Hydraulics, electromechanical, filtration, aerospace, climate control, fluid and gas handling, pneumatics, sealing and shielding

3 110811CAM Our Focus: Promote Wellness 3

4 Promoting Our Wellness Goals 4 Our objectives include globalizing Health and Wellness as an evolving initiative with continued goals for 2013: Improve overall health and quality of life Create and sustain a culture of health for all employees Continue a leading edge approach to the benefits offered to employees Reduce absenteeism Link Wellness to Safety!

5 110811CAM Resources & Strategy A Culture of Health 5 Culture of health driven by top leadership Robust educational programs focused on health and well being Monthly Wellness communications encompassing health topics and themes that trend with the National Health observances Monthly Health and Wellness Webcasts focus on program materials and benefit updates New positions created to drive healthy lifestyles Monthly Noon Time Learning sessions Wellness Toolkits

6 6 Health and Wellness Integration Continues – U.S. Programs & Health Plan Suppliers Preventive Health Benefits Healthy Pregnancy & Future Mom’s program Disease Management Wellness & Preventive Medicine Program (CAM Benefits) Health and Wellness Strategy An Integrated Platform of Services Medical Plan Choices + Consumer Driven Plans 24/7 Nurseline & On- line Resources EAP Services and Behavioral Health Parker Health and Wellness Promotions Lifestyle Intervention Programs Parker Total Rewards

7 110811CAM Why Offer Wellness & Prevention? 7 A key component of our Health & Wellness Culture Services provide a holistic approach to lifestyle modification and prevention Program provides expanded choice and treatment options including Complementary and Alternative Medicine (CAM) and less invasive therapies to treat illness, disease, stress, and more Wellness & Preventive Medicine promotes healing of the body using nutrition and exercise to stimulate and improve immunity while repairing functions of the body Parker provides a Wellness and Preventive Medicine Benefit and pays for services at 80%

8 Wellness and Preventive Medicine Program Complementary Alternative Medicine 8 General Overview to Complementary and Alternative Medicine (CAM) Complementary and Alternative Medicine (CAM) are approaches to healthcare that are used in place of conventional medicine as they have not gained wide acceptance in the traditional medical community to be considered standard medical treatment. CAM benefits generally offer a variety of non-conventional, holistic services and alternative therapies. The eligibility and benefits for CAM are determined based on the terms of the specific benefit plan. The National Center for Complementary and Alternative Medicine (NCCAM) defines CAM as a group of diverse medical and health care systems, practices, and products that are not presently considered to be part of conventional medicine. Complementary (in combination with traditional treatment) Alternative (replacing traditional treatment)

9 Our Wellness & Preventive Medicine Benefit – U.S. Plans  Parker pays for covered services where appropriate – must be enrolled with Medical The medical plan deductible and out of pocket maximum are not applied 100% for all in-network nutritional and smoking cessation counseling 80% of all other eligible in-network services 60% for all out-of-network services A $100 CAP on member coinsurance for the initial Office Visit each CY with full health assessment & lab 9

10 10 All Services and Benefits Administered by NGS CoreSource – Parker’s Plan Administrator Includes an Integrative Online Member Portal with online tools

11 Wellness & Preventive Medicine National Contracted Partners 11 National Partners include:

12 Wellness and Preventive Medicine Program Types of Covered Services 12  Acupuncture  Allergy Elimination Technique/Immunology  Anti Aging Longevity Therapy  Biofeedback  Bio Identical Hormone Therapy  Detox Therapy (Ionic Foot Bath)  Chelation Therapy  Weight Watchers  Essential Oil Therapy  Tobacco Cessation Consultation  Hyperbaric Oxygen Treatment  IV Therapy  Hypnotherapy  Massage Therapy  Reflexology  Craniosacral  Medical Nutrition  Polarity Therapy  Reiki Therapy  Yoga Therapy  Rolfing  Laser Therapy (low level/cold)  Prolotherapy  Supplements

13 13 Wellness and Preventive Medicine Program Parker Benefits  Most Covered services are paid unlimited  Non-contracted are paid at the INN benefit level while in credentialing  Pre-Certification is not required but strongly recommended BenefitsNetwork Provider Out-Of-Network Provider Annual Deductible and Out-Of-Pocket Maximum Does not apply Medical Nutrition and Smoking Cessation Consultation Plan Pays 100% Plan Pays 60% You Pay 40% All Remaining Treatment for Allowable Conditions and Symptoms Plan Pays 80% You Pay 20% Plan Pays 60% You Pay 40%

14 Annual Visits – 75 per CY Services are subject to Fee Schedule of $123.96 per 60 minutes Allowed charges are paid at 80% Parker’s number one utilized service Allowable visits may be for:  General Wellness / Therapeutic  Stress and Relaxation  Treatment of Conditions 14 Wellness and Preventive Medicine Program Massage Therapy Benefits

15 Wellness and Preventive Medicine Program Program Utilization – US - Corporation 15 Parker Services tracked through NGS Utilization Update includes running total commencing April 2012  # Average of unique users (all members): 7,857  Total paid claims: $9,940,250  In-Network % utilization 91% (OON 9%)  Top 3 Utilized services through NGS represent 68% of paid claims  36% massage  16% acupuncture  16% supplements

16 Wellness and Preventive Health Network The Wellness and Preventive Health Network 3 6 12 6 32 9 425 32 8 8 27 40 7 45 277 23 3 35 7 66 22 56 77 39 12 68 125 17 20 14 2 1 10 24 25 1,583 Providers Added Between April 2012 and March 2013 4

17 17 Wellness and Preventive Health Network Network Development Strategy  12 to 18 Mos. Timeline 

18 110811CAM Parker’s program is not about reducing costs but offering the employee flexibility and choice. We believe that over the long-term, offering Integrative Medicine can lower employee and employer healthcare costs. Lifestyle Management programs can bring savings to companies and life-saving interventions to employees Reflects our recognition of wellness as a key to a healthy and productive workforce. Parker’s Perspective 18 We are one of only a few companies to offer a very unique Integrative Medicine Program

19 110811CAM 19 From The Top Leadership Commitment “We’re offering these benefits for our employees because we want them to be healthier. We want them to be happy and have a healthy and productive life…and we are giving them the best opportunity to experience that.” Don Washkewicz Chairman, CEO and President

20 110811CAM QUESTIONS…. ??? Thank you.. 20

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