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Health literacy is the ability to understand and effectively use healthcare information, including reading prescription bottles and health materials. Low functional health literacy can lead to significant challenges for employers, resulting in decreased productivity, increased absenteeism, and higher healthcare costs. By prioritizing health literacy in the workplace, employers can manage human capital more effectively, reducing losses associated with absenteeism and presenteeism, while fostering a more informed workforce. The initiative "Know Your Health in the Workplace" serves as a critical step towards this goal.
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Health Literacy The ability to use spoken and written language to understand, act on and effectively use health care information. Functional Health Literacy is: “the ability to read and comprehend prescription bottles and other essential health related materials required to successfully function as a patient” AMA, Council on Scientific Affairs
Impact for Employers • Depletion of Human Capital • Productivity Losses • Absenteeism • FML • Presenteeism • Workers Compensation Cost • Double Digit Increases in HC Expenditures • Loss of Highly Skilled Employees
Some Results “Know Your Health in the Workplace”
Summary • Health has a profound effect on productivity • Human Capital has to be managed • Start doing something