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Flu vaccination Reduces Company’s Medical Cost by 75%

Published on 
November 19, 2019

What is Influenza/Flu and why should I worry about it?

Influenza or Flu is a contagious respiratory illness caused by influenza viruses that infect the nose, throat, and sometimes the lungs. It can cause mild to severe illness, and at times can lead to death.

Flu can occur throughout the year. In Malaysia's case, the flu season usually occurs twice in a year: once from April-August and October-January. Flu can result in high cost for corporations due to absenteeism and medical expenditures from employees.

There were 168 cases of Influenza recorded in 2019 alone which were reported from January to July 6 in Negeri Sembilan. Another notable instance of Influenza that occurred this year which was recorded in July was when 17 players & staff members from the Johor Darul Ta’zim Football Club (JDT) got infected.

How Will Influenza/Flu Vaccinations Help My Company?

Several case studies have proven that Influenza/Flu vaccinations can help in reducing overall labour cost.

In 2001, Petronas took part in a study whereby 504 employees were given flu vaccinations out of 1022 employees. The study lasted for six months from April to October 2001. The results concluded that:

The rate of influenza-like-illness (ILI) was lower among the vaccinated (8.13%) than non-vaccinated subjects (30.31%)

Based on Sick leave data, vaccination reduced absenteeism in 78% of cases

Savings up to 75% in terms of labour costs

From the study, we can conclude that Flu vaccinations are one route that companies can consider when they are looking to reduce their overall medical costs.

As fewer individuals take medical leaves, companies can avoid having to bear the rising cost of employees being absent from work due to illness as well as dealing with the increasing cost of hospitalisation bills from influenza-related complications such as pneumonia.

Saving 75% on labour cost is significant for a company as large as Petronas, not only does it reduce medical cost but also increases employees satisfaction as flu vaccinations can be a part of the employee benefits package. Protecting your employees protects their family as well as yours from contracting highly-contagious influenza, which can be a public health pandemic.

Looking to achieve the same amount of savings? Let HealthMetrics assist you!

HealthMetrics believes that better healthcare should not come with a higher price tag. Speak to our wellness division manager today to understand how HealthMetrics can help you with your flu vaccination & save on medical costs!

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