{"id":599,"date":"2022-08-24T09:08:00","date_gmt":"2022-08-24T12:08:00","guid":{"rendered":"https:\/\/wellcastroi.com\/?p=599"},"modified":"2022-09-08T10:48:04","modified_gmt":"2022-09-08T13:48:04","slug":"calculate-the-roi-vaccination-programs","status":"publish","type":"post","link":"https:\/\/wellcastroi.com\/en\/calculate-the-roi-vaccination-programs\/","title":{"rendered":"How to Calculate the ROI of Vaccination Programs"},"content":{"rendered":"\n

Although Covid vaccination programs have taken center stage in the past few years, there are many types of vaccination programs<\/strong> conducted by employers worldwide. However, each vaccine has its time and place. In any case today we’ll discuss how to calculate the ROI of vaccination programs in general.<\/a><\/p>\n\n\n\n

Several vaccinations, such as for Covid and Influenza, have dominated employer vaccination programs lately but, depending on the country, other vaccines, such as Pneumococcal, Dengue, and HPV should be considered. But how do you measure the relative ROIs<\/strong>?<\/p>\n\n\n\n

In my previous blogs and posts, I have discussed the six major types of costs<\/strong> (and thus ROI) impacted by prevention programs in general.<\/p>\n\n\n\n

They include absenteeism, presenteeism, medical or health plan premiums, replacement<\/strong> (which includes the training and relocation costs of new employees who replace employees who leave an employer because of a condition), accidents, and disability<\/strong>.<\/p>\n\n\n\n

Although not considered costs, there are also two other variables that I would like to add<\/strong>, that impact ROI: gender and the average age of the employee population<\/strong>.<\/p>\n\n\n\n

Nevertheless, each prevention program impacts these costs differently<\/strong>, so it is quite difficult to perform these calculations by hand (our WELLCAST ROI\u2122 was designed for this purpose).<\/p>\n\n\n\n

But let\u00b4s use a Covid vaccination program as an example. Persons with Covid can result in either mild symptoms, hospitalization, and\/or intensive care units<\/strong> (ICU). Each of these has a different impact on employer costs.<\/p>\n\n\n\n

Complicating the ROI calculation are the Covid variants, the effectiveness rates of each vaccine in combating each variant, and the number of vaccines a person has taken.<\/p>\n\n\n\n

Which type of costs should you consider to calculate the ROI of vaccination programs?<\/h2>\n\n\n\n

Let\u00b4s discuss each type of cost (note that the Vaccination Module of Wellcast ROI\u2122 contains specific assumptions and measures the cost and ROI of vaccination programs for employers).<\/p>\n\n\n\n