With the uncertainties accompanying the disruption of the medical care system, you can be assured that no matter what insurance plan your company provides or the government mandates, your employees will still have access to our premier network of physicians no matter where they are as a member of Team Doctors Preferred Access.
Research has been done by one of the world’s most respected business authorities, Wharton’s Business School at the University of Pennsylvania. The Wharton Executive multiplier formula for the actual loss to the corporation defines the multiple that varies between 1.1x – 1.6x the salary of that employee, this is the actual loss to the company when the employee is absent with a health related issue, has a delay in correcting the health issue, or returns to work (“presenteeism”) in a medically compromised state and not able to function at full capability.
Another integral factor is the 5 year study that was done by General Electric, which resulted in a financial incentive plan for employees who are cared for by the highest level physicians in the highest level institutions, who realize the value of the best medical care.
“Team Doctors saved my life! It’s like having a ‘Fast Pass’ at Disneyworld”
-Brett Butler, 2 time cancer survivor, MLB 17 years, All Star, Los Angeles Dodgers, 3rd Base Coach, Miami Marlins, MLB
Another insightful table categorizes the hard numbers for each level of employee and the actual pay scale for what they are paid per hour, day, etc. This table highlights the loss of having executives not functioning at full capacity for the weeks that it sometimes takes to see the best specialist. With The Team Doctors, those weeks can be expedited to a matter of days via the personalized contact method we’ve utilized with each other for over 30 years.
For example, an executive making $1M/year costs $480.77 for each hour he sits in a waiting room. His cost per day for not working at full capacity is $3,846.15, and the multiplier identifying his loss to the company is 1.1-1.6 times salary, is even more dramatic in the Wharton formula.
|Executive Salary||Hours per Year*||Cost per Hour|
|*Assuming a 40 hour work week (52 weeks per year)Note: Does not assume additional cost to employer which may include State and Federal Unemployment & Medicare taxes, Workman’s Compensation benefits, Healthcare benefits, or other additional executive benefits.|
How much does it cost you per day to be out sick from work?
|Executive Salary||Work Days per Year**||Cost per Day|
|**Assuming a 5 day work week (52 weeks per year)Note: Does not assume additional cost to employer which may include State and Federal Unemployment & Medicare taxes, Workman’s Compensation benefits, Healthcare benefits, or other additional executive benefits|