Rise in mental health issues

The steadily increasing cost of care for conditions like anxiety and depression have impacted employers’ healthcare expenses, as well as contributing to productivity losses. With Accolade in your corner, though, the trend line is different: companies can support their employees’ mental health, while reducing the overall costs of mental healthcare. 
An estimated 48 million Americans are impacted with anxiety according to the National Alliance on Mental Illness (NAMI). This effects many employers across the United States through their healthcare expenses and employee productivity, where the impact of mental health woes can manifest as poor performance, excessive time off and low morale. According to the Anxiety and Depression Association of America, individuals experiencing anxiety are three to five times more likely to visit the doctor and six times more likely to be hospitalized than those not experiencing anxiety. Despite these large numbers, there is still a way companies can contain costs surrounding mental healthcare.

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