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Aon PLC has launched an interactive web application that aims to help employers forecast the impact of COVID-19 on employee populations throughout the U.S., including medical costs, absenteeism and the potential need to shift work operations.
Aon's COVID-19 Employee Impact Model combines employer-specific demographic data on employee populations and dependents covered by the employer's health plan with geographic infection rates from epidemiologic models, Aon said Friday in a statement
Information is updated daily based on the spread of the virus, social distancing measures taken by local governments, and the current figures of confirmed patients, hospitalizations, deaths, and testing and treatment patterns. By selecting a date, employers can see projected cases and medical claims costs.
The tool allows employers to view employee population impact by geographic area over time; estimate the number of mild cases, hospitalizations, ICU visits and fatalities based on specific population demographics; and estimate health care costs associated with testing and treatment, the statement said.
The application initially will be available in the U.S. and is intended for employers with at least 300 employees, Aon said, adding that it will soon be expanded globally.
Aon is also looking to add metrics that model workers compensation claims, time lost, salary replacement costs, disability and life insurance, and cost savings of deferred elective medical procedures, the statement said.
Epidemiologic model sources reviewed for Aon's COVID-19 Employee Health Model include The COVID Tracking Project, the Centers for Disease Control and Prevention, the Kaiser Family Foundation, Harvard University, The Lancet, The Journal of the American Medical Association, The New England Journal of Medicine and Imperial College London.
More insurance and risk management news on the coronavirus crisis here.