A compelling reason to invest in a corporate wellness program is to capture savings for your organization. Your executives may ask if workplace wellness programs can impact the bottom line and they may want proof.
Be prepared for tough questions about wellness programs. Check out “How do wellness programs benefit companies.” for more information. From lowering healthcare costs and increasing team productivity to raising employee engagement and recruitment and retention, there are many benefits to a long-term investment in wellness programs.
The key is taking a long-term view to recognize the value of investment in your workplace wellness program.
Medical costs fall $3.27 for every dollar spent on wellness programs, according to a Health Affairs Journal study, “Workplace wellness programs can generate savings.”1
Related: “Do healthy employees save companies money?”
Tackling chronic illness through wellness
According to the CDC, chronic disease accounts for 86% of healthcare spending.2 And more than 50% of Americans now have at least one chronic disease.3
Employee wellness programs can make a positive impact on managing and avoiding chronic illness. For example, Go365 members begin their wellness journey with a Health Assessment and a biometric screening, which give them insights to their general health. With this information, members can identify areas for improvement and receive guidance on preventive care, exercise routines and creating healthier habits.
Many costs associated with chronic disease are avoidable with simple lifestyle changes. It’s important to identify the highest health risk areas. Leverage your corporate wellness program to customize intervention initiatives, education, wellness activities, incentives and routine health screenings to address areas of concern.
Controlling chronic disease to control costs
Here are some facts and stats that demonstrate the potential cost savings when workplace wellness programs are implemented.
Unhealthy weight can drive costs for workers’ compensation, healthcare, and productivity losses.
- According to the Health Affairs journal, 39% of Americans are obese.4
- Employers pay an average of $8,067 per morbidly obese employee each year for “covered medical claims, sick days, short-term disability and workers’ compensation,” compared with $3,830 for a normal weight employee.5
The impact of unhealthy behaviors on workers’ compensation costs is significant.
- Tobacco users spend 40 workdays per year in tobacco-related activities.6
- The estimated cost attributed to the burden of smoking is between $289 and $333 billion annually in the U.S. alone.7
- More than 34 million Americans have diabetes and 88 million have prediabetes.8
- In the U.S., the annual cost of diabetes is about $327 billion9
($237 billion in direct medical costs and $90 billion productivity losses).
High blood pressure
- High blood pressure affects 29% of Americans.10
- Nearly half of all adults, or 103 million American adults, have high blood pressure.11
- This costs $46 billion across the nation every year.12
Comprehensive wellness program can lead to savings
Early detection and maintenance are critical to managing chronic diseases. To support your associates in making healthier choices and sustaining fitness plans, make certain your corporate wellness program takes a holistic approach to health and well-being.
Go365 offers extensive educational programs, incentives and rewards to promote healthier habits. From the Go365 Health Assessment, sleep diary and health calculators to flu shots, workouts, fitness challenges and virtual well-being coaches, Go365 members will earn Points for everyday wellness activities—every day.
To learn more about launching a corporate health and well-being program, contact your Humana sales rep or request more information about Go365’s wellness program by filling out this formOpens in new window.
Go365 is not an insurance product and is not available with all Humana health plans. This is a general description of services which are subject to change. Please refer to Customer Support for more information.
1 Workplace Wellness Programs Can Generate Savings, Health Affairs Journal, last accessed August 17, 2020.
https://www.healthaffairs.org/doi/full/10.1377/hlthaff.2009.0626Opens in new window
2 Health and Economics Costs of Chronic Disease, CDC, last accessed August 17, 2020.
https://www.cdc.gov/chronicdisease/about/costs/index.htmOpens in new window
3 More than 50% of Americans now have at least one chronic health condition, Taylor & Francis, last accessed August 17, 2020.
https://www.sciencedaily.com/releases/2016/10/161025092655.htmOpens in new window
4 National Center for Health Statistics, CDC, last accessed August 17, 2020.
https://www.cdc.gov/nchs/fastats/obesity-overweight.htmOpens in new window
5 Obese employees cost employers thousands in extra medical costs, ScienceDaily, last accessed August 17, 2020.
https://www.sciencedaily.com/releases/2014/05/140513152933.htmOpens in new window
6 You won’t believe the staggering amount of time wasted on workplace smoke breaks, The Ladders, last accessed August 17, 2020.
https://www.theladders.com/career-advice/you-wont-believe-the-staggering-amount-of-time-wasted-on-workplace-smoke-breaksOpens in new window
7 Benefits of quitting smoking on work productivity and activity impairment in the United States, the European Union and China, US National Library of Medicine, National Institutes of Health, last accessed November 16, 2020.
https://www.ncbi.nlm.nih.gov/pmc/articles/PMC5299499/Opens in new window
8, 9 The cost of Diabetes, American Diabetes Association, last accessed August 17, 2020.
https://www.diabetes.org/resources/statistics/cost-diabetesOpens in new window
10 High Blood Pressure Symptoms and Causes, CDC, last accessed August 17, 2020.
https://www.cdc.gov/bloodpressure/about.htm?CDC_AA_refVal=https%3A%2F%2Fwww.cdc.gov%2Fbloodpressure%2Ffaqs.htmOpens in new window
11 More than 100 Million Americans have high blood pressure, American Heart Association, last accessed August 17, 2020.
https://www.heart.org/en/news/2018/05/01/more-than-100-million-americans-have-high-blood-pressure-aha-saysOpens in new window
12 High Blood Pressure is a Global Health Tragedy, ValenCell, last accessed August 17, 2020.
https://valencell.com/blog/2019/09/high-blood-pressure-is-a-global-health-tragedy/Opens in new window