A recent study examining the financial impact of 25 chronic physical and mental issues identified depression as the single most expensive ailment for employers.
Smart Business for Depression
A systematic program to identify depression and promote effective treatment has been shown to not only improve clinical outcomes, but overall workplace outcomes.* When employees are given access to care for depression, studies have shown that businesses may save as much as $10,000 a year per employee in prescription drug and wage replacement costs.** Additionally, integration of depression intervention for patients with depression, heart disease, and diabetes significantly improved control of all disease states, not just depression.***
Did you know?
- 35 million Americans (more than 16% of the population), and 121 across the globe, experience depression. (National Institute of Health, 2003)
- Less than 25% of those with depression are getting help for their disease, simply because of negative perception, poor branding, and stigma. (World Health Organization, 2010)
- 10% of the workforce is currently depressed, and 75% of those suffering from depression do not actively seek treatment. Of those with depression, only about 6% receive adequate treatment. (Unheralded Business Crisis in Canada, 2000)
- Stress overload in the workplace from economic, environmental, social and psychological factors increases our risk for depression, fatigue, diabetes, and cardiovascular disease. (James L. Wilson DC, ND, PhD, 2012)
- Depression accounts for over $70 billion annually in medical expenditures, lost productivity and other costs among U.S. businesses. (The Wall Street Journal, 2001)
Best Business Practices
- Integrate depression prevention and treatment in Employee Assistance Plans (EAP) programs, and improve utilization of programs.
- Release caps on number of visits to mental health service providers, and eliminate copays for their visits.
- Show leadership of de-stigmatizing efforts of depression by having your corporation support mental health nonprofits, participate in cause marketing campaigns for your products for mental health or depression (if applicable), and participate in company-wide fundraisers for mental health.
- Ensure that you positively and proactively
- Train executives and managers at all levels on early identification of depression.
- Write policies to support managers on dealing with depression related issues.
- Implement programs that encourage healthy work practices, and create health index to monitor success of both individuals, and overall company.
- Support depression nonprofits, showing employees your proactive stance on treatment, and encourage participation in programs like the Field for Hope to advocate rebranding.
Please contact us at email@example.com to discuss ways to get involved and how to get some workplace support in your office.
*Telephone Screening, Outreach, and Care Management for Depressed Workers and Impact on Clinical and Work Productivity Outcomes, 2007.
**The Unhearalded Business Crisis In Canada; Depression at Work, 2000.*
***Collaborative Care for Patients with Depression and Chronic Illness, 2012.