Economic Impact of Health Service Sheet
April 15, 2022
Economic Impact of Health Service SheetDownload Service Sheet
Economic prosperity and health are linked. Poor health challenges vitality and growth and reduces quality of life. Chronic conditions such as diabetes or hypertension contribute to increased utilization, medical and productivity costs, and losses for businesses and communities. Many business, civic and government leaders and local coalitions lack the critical data to evaluate drivers, diagnose issues, set priorities and assess solutions and returns from action.
Quantifying the Economic Impact of Health: FTI Consulting’s Center recognizes the importance of actionable, locally relevant data to identify drivers, impact, actions and returns from improving a community’s health and economic well-being. We work with business and community leaders and use proprietary models to quantify chronic condition prevalence and medical and productivity costs, to assess health equity and disparities, and to develop sound economic and health metrics for each community. We consolidate these key performance indicators and action items in customized dashboards to support awareness, priorities, interventions and benefits of action by local business, civic or government leaders and their coalitions.
Peer Cities: FTI Consulting’s Center houses a rich collection of health and economic data to provide insights for many metro areas. This access and experience with extensive commercial and government claims data, CDC BRFSS SMART, and other health, economic and workforce data permit peer city comparisons and customizable modeling.
Our customizable Metro Area Health Dashboard includes key health, economic, and impact metrics at the metro level to support:
- Diagnosis and Evaluation (e.g., disease prevalence)
- Impact and Assessment (e.g., medical and productivity costs)
- Action and Tracking (e.g., interventions and success factors)
April 15, 2022
Senior Managing Director, President, Center for Healthcare Economics and Policy
Healthcare & Life Sciences