Lyra Workforce Mental Health Delivers $4,138 Per Member in Health Care Savings
31 Julio 2024 - 11:00AM
Business Wire
New findings show a leading Fortune 500
employer saved $3.04 in health care costs for every $1 invested in
Lyra mental health benefit
Lyra Health, the leading provider of innovative Workforce Mental
Health solutions for employers and health plans, today announced
the results of a mental health study by global professional
services firm Aon, which found that a leading Fortune 500 employer
saved $4,138 per member on their health plan in year one.
The analysis compared health care costs between individuals who
utilized Lyra services with a matched control group of individuals
from the same employer who did not use Lyra over one full calendar
year.
For many organizations, health care expenses are one of the most
significant and least predictable operational costs. This leaves
employers with the difficult task of balancing limited budgets to
find the best care for their people.
Today’s study builds on a recent landmark report showing that
Lyra also delivers the only sustained health care savings, with
employers across various industries saving an average 26% each year
over four years. These results demonstrate Lyra provides the
highest-quality clinical care and predictable cost reductions for
employees.
“This new report is a testament to the belief system that Lyra
was founded on — the highest quality care gets people better and
keeps them better, reducing overall health care costs for
employers,” said Dr. Connie Chen, chief operating officer, Lyra
Health. “Core to this success is our evidence-based provider
network and significant investment in clinical innovation and
research with 16 peer-reviewed papers demonstrating Lyra’s
industry-leading clinical outcomes.”
“Our analysis showed $4,138 in cost savings per member,
indicating that for this customer, there was a return of $3.04 in
health care savings for every $1 dollar spent on Lyra’s services,”
said Ron Ozminkowski, senior vice president of commercial analytics
at Aon. “The findings demonstrate the effectiveness of Lyra’s
services in reducing overall health care expenditures for its
users.”
To learn more, download the full Aon report here.
About Lyra Health
Lyra Health is the leading provider of Workforce Mental Health
benefits, available to more than 17 million people globally. Lyra
is transforming access to life-changing mental health care using
AI-powered provider matching, personalized support, and a digital
platform to deliver evidence-based support for individuals and
teams. Lyra quickly connects members to the largest dedicated
global network of evidenced-based mental health providers and
well-being tools, to address every mental health need and deliver
outstanding positive outcomes that are equitable across diverse
racial and ethnic groups. Peer-reviewed published research confirms
Lyra’s transformative care model helps people recover twice as fast
and a 26% reduction in overall health care claims costs for
participants annually. For more information about Lyra Health’s
Workforce Mental Health benefits for employers, visit
lyrahealth.com.
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Dyani Ghadiri dghadiri@lyrahealth.com (650) 240-3240