The consulting support you need from A to Z!
Our consulting team has more than 20 years´ experience in calculating the ROI of preventive care programs. Our Calculators are utilized globally, including the US, Europe, Brazil, Australia, Canada, India, and South Africa. Each Calculator is developed to meet the unique needs of each country, while simultaneously applying a consistent approach to the calculations. The ROI calculations are the same ones used by financial personnel worldwide. As a result, our ROI program approval record is very high.
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Our Calculator licenses include consulting support through our Help Desk to guide you in the use of the Calculators and presenting results (if requested). We are there for you from beginning to end.
Specifically, we will explain the approach that we use either prior to after the purchase of a license. We will also provide a Conceptual Approach that explains how the following calculations are made:
- Measuring the impact of demographic and risk factor data on the incidence of conditions.
- Quantifying the impact of incidence of costs pre-program.
- Determining the impact of preventive programs on the costs to determine cost savings.
- Calculating break-even program cost, and minimum participation, adherence, and program effectiveness rates.
Please note that some programs have an impact on several conditions. For example, exercise programs impact CHD, diabetes, and even behavioral conditions. We will explain our approach on measuring the combined ROI.
With 20 years´ experience in wellbeing strategic planning, and by utilizing the latest outcomes and financial modelling technologies, our consultants are well very well qualified to help you generate a comprehensive Wellbeing Strategic Plan.
Professionals who approve budgets have the following types of questions when deciding to approve a wellbeing program budget:
- Why do you have so many programs focused on the same condition?
- If there are many prevention programs, why did you choose the ones that you did?
- If there are many conditions, which ones are the most important to our company, based on medical costs/premium and on economic costs?
- How do you measure success?
- What is the impact of turnover on ROI?
- Who are the target employees?
- What is the minimum participation and effectiveness rates to break even on the investment?
- Wellbeing Strategic Plans should answer the above questions. Plans should contain the following chapters:
- Summary of ROI results with conclusions and recommendations.
- Calculation methodology.
- Chapters focused on the effectiveness of each program, containing the following:
- Pre-program incidence and costs (both medical and economic).
- Description of each prevention program, implementation cost, and required minimum participation and effectiveness rates to achieve breakeven.
- Post-program Incidence and costs.
- ROI of each program, including the Internal Rate of Return and Net Present Value.
Do you want to brush up on ROI theory and calculations?
We provide education programs to train you on the theory of preventive care ROI calculations and how to prepare strategic plans for the prevention of physical, behavioral, and occupational health conditions.
Our educational program includes the following topics:
- How to calculate the Internal Rate of Return (IRR) and Net Present Value (NPV) and how to apply each to investments in prevention programs.
- The use of epidemiological models in forecasting disease incidence.
- What are the various types of economic costs of disease and how to calculate each.
- How to determine the effectiveness of prevention programs and how to establish metrics and goals for each type of program, including breakeven rates.
- What are the components of a “Systems Approach to Disease Management” and how to integrate the various disease management tools; and
- How to develop strategic plans for the prevention of disease.
- Case studies during which you will practice your calculation and presentation skills.
Calculate the ROI of Medications, Hospital Supplies, and Diagnostic Equipment
Since 1993, DMSG has worked with some of the largest US pharmaceutical companies and PBM´s, hospitals and health plans in the development of analytical tools that calculate the ROI with investments in medication purchases, hospital supplies, and diagnostic equipment.
Our software is customized for each client, focused on the needs of product managers in pharmaceutical companies or purchasing departments or procurement departments within hospitals, health plans, physician offices and the public sector. Applications include:
- Determine the ROI and the reduced costs associated with the purchase of various brands of medicines, supplies and diagnostic equipment.
- For sales and product management departments, show the ROI of purchasing your products.
- For PBM's, determine the effect of participation targets in pharmacological programs to reduce medical treatment costs or the cost/benefit of different medications in the same class.
- For PBM's, develop and implement comprehensive strategies for medication programs (e.g., blood pressure medication), as compared to non-medication prevention programs (exercise).
