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:
Improved continuity of care and utilization: 12 completed visits compared to seven in the health plan. With Lyra, members stay engaged and get the care they need, when they need it.
Lower overall health care claims costs: ~$2,300 in reductions per engaged member per year, including costs related to general health care, prescription medications, and emergency department visits; this included $595 in lower non-mental health related medical claims per engaged member per year
Lower incidence of inpatient/outpatient mental health spending: $194 in reduced spending per engaged member per year
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