Wellness Program Cost Benefits/Savings
Professionally designed wellness incentive programs dramatically reduce healthcare liabilities and overall expenses.
Based on proven incentive programs and market research in the corporate health and wellness space, a well designed Wellness Program can achieve the following:
- Reduce corporate healthcare costs by 20-25%
- Decrease short-term sick leave by as much as 32%
- Save between $3 and $6 for every $1 invested in wellness
- Reduce worker’s compensation and disability claims by as much as 30%
- Enhance recruitment and retention for all positions
The benefits detailed above are achieved through utilizing incentives to improve employee health and lifestyle choices including:
- Identifying illnesses earlier through preventative exams
- Ensuring compliance with established medical guidelines
- Motivating employees to follow appropriate medical recommendations
- Reducing emergency room visits
- Encouraging age- and gender-appropriate exams
- Rewarding healthy life activities or events (running, biking)
- Rewarding participation in disease management programs
- Supporting health education for corporate initiatives