Tip Sheet

Your em­ploy­ees’ men­tal health can af­fect your bot­tom line. Here’s how to help them—and your busi­ness.

Inc. (USA) - - CONTENTS - By Etelka Le­hoczky

Main­tain­ing em­ployee well­ness

When Arun Gupta, founder of the New York City health care com­pany Quar­tet Health, couldn’t find sat­is­fac­tory men­tal health in­sur­ance for his team, he came up with a cre­ative so­lu­tion: con­fi­den­tially re­im­burs­ing em­ploy­ees for out-of-pocket ex­penses through a third-party ven­dor. “A lot of times, peo­ple might have to pay cash or have high co-pays at­tached to get­ting ther­apy. Now they can see any­body they want to see, as of­ten as they need,” he says. “We’re push­ing the en­ve­lope here, but it’s good for busi­ness.” That’s be­cause roughly 18 per­cent of Amer­i­can adults suf­fer from some form of men­tal ill­ness, ac­cord­ing to the Na­tional In­sti­tute of Men­tal Health. And that makes it a par­tic­u­lar prob­lem for smaller busi­nesses, where ev­ery em­ployee plays a cru­cial, of­ten non-du­pli­cated role. In the United States, the to­tal eco­nomic bur­den of ma­jor de­pres­sion alone is now es­ti­mated to be $210.5 bil­lion per year, ac­cord­ing to the con­sult­ing firm the Anal­y­sis Group. Even if you don’t go as far as Gupta, there are many mea­sures you can take to en­sure your work­ers are at their best.

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