Validation Institute finds that Cleo, the leading global
comprehensive family care platform, accurately measures and
assesses employee caregiver health — and therefore work
productivity — and improves higher risk members' emotional
wellness. Validation Institute also found that Cleo's cost saving
analysis offers an evidence-based estimate of Cleo's emotional
wellness support impact on medical costs.
SAN
FRANCISCO, July 23, 2024 /PRNewswire-PRWeb/ -- New
independent report validates Cleo's ability to improve employees'
mental health, as well as identification of employees who may
experience burnout and productivity loss.
"Our data shows that Cleo's interventions
and employee support leads to happier, healthier, more productive
workplaces, as observed by our customers." — Madhavi Vemireddy, CEO, Cleo
Today, Cleo, the leading global comprehensive family care
platform, announced that its proprietary Family Health Index™ (FHI)
has been validated by Validation Institute, an independent and
objective third-party organization providing data-driven insights
on health care solution providers.
Beyond providing insight on the wellbeing of caregivers and
their families at scale, Cleo's Family Health Index™ enables early,
targeted interventions to help parents and caregivers at greater
risk of burnout — thereby allowing employers and health plans to
avoid excess spend and increase productivity and improve emotional
wellness.
"Validation Institute verified and validated Cleo's Family
Health Index™, which is the first tool I've seen that can assess
employees who are on the verge of burnout, with poor mental health
and loss of productivity," said Linda
Riddell, Chief Data Scientist at Validation Institute. "This
tool accurately measures participants' health that correlates with
productivity, and Cleo's interventions after-the-fact raises
participants' Emotional Wellness (PHQ-4) scores and overall FHI
score, which in turn correlates with lower medical costs for their
employer."
"At Cleo, we take a population health approach to supporting
caregivers, which includes using advanced analytics to identify
families who are at higher risk of burnout, so that we can deliver
evidenced-based interventions to mitigate that risk while
supporting the holistic needs of the family unit," said
Madhavi Vemireddy, Chief Executive
Officer of Cleo. "Our data shows that Cleo's interventions and
employee support leads to happier, healthier, more productive
workplaces, as observed by our customers. We're thrilled that such
an esteemed third party as Validation Institute has demonstrably
measured the impact of our Family Health Index™, so that we can
bring these results to even more companies and families."
Validation Institute reviewed Cleo's Family Health Index™
measurement tool and associated data, and found the following:
- Cleo's Family Health Index™ accurately measures key dimensions
of participants' health and assesses their need for support for
parenting and caregiving.
- The Family Health Index™ score also accurately reflects and
correlates to the participant's work productivity, giving Cleo the
ability to identify people who are more likely to lose time from or
be less productive at work due to parenting or caregiving.
- Engagement with Cleo improves higher risk members' overall
Family Health Index™ scores and Emotional Wellness (PHQ-4)
scores.
- Cleo's cost saving analysis offers an evidence-based estimate
of Cleo's emotional wellness support impact on medical costs.
Within the last year across Cleo's book of business, Family
Health Index™ (FHI) scores show — from an n-size of 8,000 — that
33% of Cleo's parenting and caregiving members are at higher risk
for burnout, primarily among school-aged parents, high school
parents, and adult caregivers. The risk rises to 47% for sandwich
generation members, underscoring the necessity for a unified
platform to comprehensively identify and support all caregiving
journeys. Moreover, a lower overall FHI score, indicating a higher
risk for burnout, correlates with greater productivity losses (such
as presenteeism & absenteeism).
As verified by the Validation Institute, when these members
engage with Cleo's experts and high-value digital interventions,
69% of members who initially were identified as higher-risk for
burnout improve their overall FHI score. Additionally, Cleo's
evidence-based cost savings analysis reveals that improvements in
PHQ-4 scores can yield an average cost savings of $5,079 for each maternity member and an average
of $1,293 for each parent or
caregiver member for employers.
Click here to download the Validation Institute report, which
includes more information about Validation Institute's review
process or to learn more about how Cleo can help your organization
meet its goals for a happier, healthier, more productive
workplace.
Cleo and Validation Institute, along with Cleo customer
Genentech, will be hosting a webinar on August 7 at 1:00pm
Eastern entitled You Can't Improve What You Don't Measure: How to
Understand — and Improve — Parent and Caregiver Health and
Productivity. Learn more and register for this webinar here.
About Cleo
Cleo is the only global, end-to-end, comprehensive family care
platform supporting individuals throughout every life stage.
Whether individuals are growing their family; raising babies,
children, or teenagers; caring for an adult loved one; or taking
care of their own health, Cleo provides virtual coaching, concierge
support and navigation to resources and benefits so that they can
be happier and healthier both at home and at work.
Cleo's expert global Guide network combined with advanced
analytics and a personalized digital platform supports members in
more than 70 countries around the world through 17+ languages
spoken by our Cleo Guides with an additional 250+ live translated
languages. Cleo delivers evidence-based interventions to improve
the health & wellbeing of the family unit, decrease caregiver
burnout, increase productivity, and reduce healthcare spend.
Cleo is trusted by more than 200 employers and health plans. For
more information, visit www.hicleo.com.
About Validation Institute
Validation Institute provides unbiased, data-driven insights on
healthcare solutions and services by validating performance claims
made by solution providers and educating purchasers to drive
transparency in the marketplace and maximize cost-savings.
More information is available at
www.ValidationInstitute.com.
Contacts
Media:
Madhavi Vemireddy |
madhavi.vemireddy@hicleo.com
Media Contact
Cleo Public Relations, Cleo, 1 646-413-0806,
marketing@hicleo.com
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SOURCE Cleo