According to Harvard Business Review, employee wellness programs that focus on a disease-management element can generate $136 per program participant, per month. Additional research indicates that medical and healthcare-related costs may account for 50 percent (or more) of company expenditures per year. So, when it comes to the cost of wellness programs versus cost savings—especially healthcare-related costs, it’s well worth the investment.
The Benefits Exceed the Cost of Wellness Programs
As a business owner, how can you lower healthcare costs and wellness program expenses without compromising the quality of your current healthcare plans or wellness program activities? Wellworks For You has exactly what you need. We have fine-tuned a collection of comprehensive corporate wellness programs that yield a positive ROI, increase productivity, and more.
Customizable wellness programs give employees a variety of opportunities to achieve their personal health goals. At the same time, employers can benefit from lowered healthcare costs.
Take a look at how our wellness programs ultimately save companies money by lowering healthcare costs:
- Health Coaching
One of the most impactful ways health coaching reduces company costs is by keeping employees accountable for their health goals. According to CNBC, an employee who lowers his/her BMI by one point has the potential to save an employer $1,500 per year! Health coaches not only support fitness and nutrition goals, but also assist with stress management and other health-related goals.
- Preventative Screenings
Providing onsite preventative biometric screenings can empower employees to take ownership of their health. When employees receive the results of their cholesterol, blood pressure, and other biometric screening tests, they can take steps to better their health in the areas needed. In doing so, companies will witness a reduction in absenteeism, fewer trips to the doctor, and often more participation in wellness program offerings.
- Wellness Portal
The more accessible you can make employee wellness options, the more likely it is for you to see a rise in participation. The Wellworks For You online Wellness Portal, for example, offers health metrics tracking, a fitness and nutrition dashboard, a company calendar of upcoming wellness events, and more. Having important health tools available at all times will improve engagement in the workplace.
Cut Costs by Investing in a Customizable Employee Wellness Solution
At Wellworks For You, we believe customization is what makes lowering healthcare and wellness program cost achievable. When a wellness program is designed to run as efficiently as possible, the company saves money on both ends of the spectrum.
Beyond saving money, Wellworks For You clients can receive some of the highest quality, most creative wellness program ideas. These unique services will ultimately provide your company with a happier, healthier, and more productive workforce.
To learn more about the cost of wellness programs, as well as our comprehensive wellness program options, contact us today. You can call our office directly at 800-425-4657.