Employee assistance programs, also known as EAPs, enhance organizational effectiveness by identifying and removing obstacles to employee productivity and by resolving an employee's personal and work-related concerns. Certain EAP models, such as that from CuraLinc Healthcare, also reduce direct medical costs through effective treatment and advocacy-driven guidance for members with a variety of mental health or substance abuse issues.
In an effort to present clients with a financial return on investment for their EAP, CuraLinc Healthcare developed a Financial Offset Dashboard that focuses primarily on health claims cost savings and human capital cost savings. Other avenues for EAP-enabled offset, such as organizational cost savings or the impact of the EAP on other health care benefits, were purposefully left out of this analysis because the true impact was difficult to quantify.
CuraLinc Healthcare's Financial Offset Dashboard helps employers connect the program's intuitive value to its measurable value, making it much easier for benefits professionals and advisors to understand the impact of an employee assistance program. To utilize this Dashboard and calculate the financial offset of the EAP, answer the three questions below. Your organization's Financial Offset Ratio will be shown at the bottom of this page.
1 This figure was taken from the U.S. Department of Labor, Bureau of Labor Statistics. Please revise it to reflect the average salary in your organization.
2 This is a sample price for a mid-sized employer and a five-session short-term counseling model. Pricing varies according to employer size and session model.