There seemed to be a trend several years ago with workplace wellness. The noticeable increase in wellness programs in the workplace may have had a few people scratching their heads. As time has gone by, not only have the wellness programs in corporations across the country increased in number, but there appears to be a very good reason why: wellness programs have significant potential to decrease healthcare costs, reduce employee absenteeism and improve productivity.
Studies indicate that many companies spend 50% of profits on employee healthcare, up from 7% a mere 30 years ago. One of the reasons that wellness programs are so effective is that they focus on preventative care. Since 90% of all healthcare costs are from preventable diseases, proactive care is essential to lowering costs. Healthcare costs are clearly driven through the roof when illnesses emerge that could have been prevented through exercise and proper nutrition.
If wellness programs are returning positive results, why aren’t more companies adopting them? Possibly because it seems cost prohibitive to do so. However, a study done by Highmark showed their internally implemented wellness program produces an ROI of $1.65 for every dollar spent on implementing their wellness program.
Under the recently passed Patient Protection and Affordable Care Act, employers can offer incentives for employees to take part in company-sponsored wellness programs. This move will hopefully encourage companies to promote employee wellness even further.
It is important that employers encourage their employees to take more responsibility for their health and wellbeing. Consider implementing a wellness program at your organization, or let us know what you are already doing to improve employee health!