With March quickly approaching, many businesses are becoming increasingly concerned with lost productivity during the annual NCAA Men’s Basketball tournament. “March Madness”, as it is called, cost businesses $134 million in lost productivity over the first two days of the tournament alone.
Compared to what chronic pain costs businesses, however, $134 million is a drop in the bucket.
Half of the American population lives with chronic or recurrent pain, and that pain costs businesses in a big way. In a study by the American Academy of Pain Medicine, 13% of the total American workforce experienced a loss of productive time during a two-week period due to common pain conditions such as headaches, back pain, and arthritis. Overall, workers lost more than 4.5 hours of productive time per week due to a pain condition.
The cost of lost productivity due to pain is estimated to be more than $95 billion per year.
There are also hidden costs that chronic pain causes as well. In fact, 17% of people change their jobs due to pain; replacing and training new employees is one of the larger costs associated with human resources. With more than 100 million adults experiencing chronic pain in the United States, that adds up to a lot of people switching jobs and a lot of money being spent to train their replacements.
Chronic pain is a major cost to businesses in the United States. IPCAZ is dedicated to helping our patients get back to living the pain-free life they desire. To learn more, please contact us at (520) 332-6178.
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