Why Employers Should Care About Their Employees’ Health (morning session only)
Schedule:
Time | Topic | Presenter |
8:30-9:00 | Hot Breakfast Buffet | |
9:00-10:15 | Drug Trends, Employer Issues & Drug Strategies | Barb Martinez Great-West Life |
10:15-10:30 | Refreshment/Snack Break | |
10:30-12:00 | What Does Your Drug Data Tell You | Mike Sullivan Cubic Health |
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Barb Martinez, Great-West Life – Drug Trends, Employer Issues and Drug Strategies
This presentation will discuss the trends, the issues and the strategies to deal with rising drug costs and what needs to be done to keep employer sponsored drug plans sustainable into the future.
Barb joined Great-West Life in November of 2012 and is currently the National Practice Leader for Drug Solutions. She comes to Great-West Life with 10 years’ experience at Mercer, where she led the Canadian drug benefits consulting team. Prior to that she spent 13 years working in the pharmaceutical industry. She is also well known as a regular speaker at industry forums and commentator on employer drug programs.
Mike Sullivan, Cubic Health – The Value of Data Analytics
Every year in Canada billions of dollars’ worth of claims are being paid by our benefit plans. What is the data behind those transactions telling us about the health of our plans and the health of our members? What are the biggest threats to your specific plan over the next 36 months? What impact are investments in health benefits having on our disability experience? Where should we be focusing our limited resources allocated to health and wellness? What is causing your current plan design to lose effectiveness?
In this session you will learn what data is available to plan sponsors that they do not normally see and how that data can be used to optimize member health as well as the investments made in employee health benefits. The goal of the session is to provide the audience with ideas with respect to how they can ensure that plans are sustainable moving forward as we enter a very challenging period of benefit cost containment highlighted by an ever-increasing burden of high-cost therapies. Plan sponsors will need to focus their limited plan resources on areas that will produce the greatest returns for both plans and their members.
Mike Sullivan co‐founded Cubic Health in 2003. Cubic is an independent health plan analytics company based in Toronto. Cubic works with Canadian employers, plan advisors, provincial/territorial governments, insurance carriers, plan administrators and service providers to optimize investments made in employee health benefits. Mike began his career as a community pharmacist in Saskatoon and has previous experience working in the pharmaceutical and benefits consulting industries. He continues to maintain an active license to practice with the Ontario College of Pharmacists. Mike is a member of Benefits Canada’s Online Expert Panel and serves as an Adjunct Professor at the University of Waterloo and the University of Toronto where he teaches in the areas of Management and Personal & New Venture Financial Management. Mike graduated from the College of Pharmacy at the University of Saskatchewan and completed his Master of Business Administration degree from the Schulich School of Business at York University where he specialized in Finance.