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IBI SINGLE-PROGRAM BENCHMARKING
IBI offers the largest single-source benchmarking database in the U.S. spanning disability, FML and workers’ compensation programs.
If you need decision support on one or more of your absence/disability programs, this solution compares your organization's program results to industry peers to help you identify successes and opportunities.
The program gathers and individually reports results for:
- short-term disability
- long-term disability
- workers' compensation
- family and medical leave
You will be able to compare the fundamentals - incidence, duration and cost - along with lost productivity, plan cost drivers and related business impact.
IBI has been the most comprehensive, single-source occupational and non-occupational absence and disability benchmarking data collector and reporter for the past nine years.
Working with our 13 Data Consortium companies with 2006 data and with individual employers, IBI has amassed data based on nationally standardized definitions for nearly 30,000 employer benefits programs comprising more than 3.1 million claims across workers’ compensation, short- and long-term disability and family and medical leave. IBI has the capacity to report on more than 300 industry sectors at the one-, two- and three-digit SIC (Standard Industrial Classification) code levels.
So that employer-level benchmarks are consistent and comparable across all Data Consortium companies - a critical step in ensuring solid benchmarks - IBI developed and applied a consistent claims aggregation methodology.
Data Consortium Members:
- Aetna
- Broadspire, LLC
- Cambridge Integrated Services Group, Inc.
- CIGNA
- Crawford & Company
- Liberty Mutual Insurance Company
- Matrix/Reliance Standard Life Insurance Company
- Metropolitan Life Insurance Company
- Nationwide Better Health
- Sedgwick Claims Management Services, Inc.
- The Hartford
- The Prudential Insurance Company of America
- The Regence Group
IBI benchmarking participants are not required to be trained or certified in standardized data and metric definitions.
IBI does, however, include standardized definitions in its benchmarking program. IBI embeds standardized definitions in its data collection instruments and reports standardized metrics.
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