Calculating the true impact of investing in a mental health benefit has been a challenge for many employers--until now.
Using the validated Cost Efficiency Measurement methodology pioneered by global professional services firm Aon, this third-party study shows Lyra’s workforce mental health benefits can have a significant impact on reducing medical claims for members who engaged with Lyra services.
This rigorous analysis examined claims data from customers across a variety of industries and is the first study of its kind to quantify the financial impact of a comprehensive mental health solution like Lyra.
Members who engaged with Lyra services saw:
“Aon applied its rigorous methodology to analyze employee medical and mental health claims costs, finding that members who engaged with Lyra had lower overall claims cost and improved mental health service utilization,” said Todor Penev, Aon senior vice president, Fellow of the Society of Actuaries, and a member of the American Academy of Actuaries.
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