High rates of chronic disease among the American workforce hinder the ability of U.S. business to compete globally. Employers provide the majority of health insurance for non-elderly adults in the United States and over the past decade, employer and employee contributions for health insurance have increased significantly. Approximately two-thirds of employers continue to offer health benefits to their employees. The average hourly cost of health benefits has been steadily increasing since 2002, posing a growing challenge to the competitiveness of U.S. industries in the global economy. To that effect, the Centre for Vibrant Health and Wellness now offers five strategies that produce cost effective worksite wellness and meet the test of qualitative and quantitative Return on Investment (ROI).
If we were to exclude cancer, as most employees who are diagnosed with cancer do not continue to work, the four of the top ten most expensive health conditions to U.S. employers are related to obesity, high blood pressure, heart attack, diabetes, and high blood pressure. Overweight and obesity costs U.S. companies billions in lost productivity. Obesity and related chronic diseases cost employers up to $93 billion a year in health insurance claims. Worker productivity losses from missed workdays and reduced effectiveness at work due to illness are closely linked to problems with chronic illness.
A majority of employers offering health benefits offer some type of wellness program, however many are still not convinced that worksite wellness is worth the cost. Apparently U.S. employers are driven by different goals than global firms when it comes to primary reasons for offering wellness programs.Since their inception, worksite wellness programs have always been under the Return on investment (ROI) microscope and by definition, ROI is a measure of the profit earned from the investment.
It’s interesting that most companies will spend enormous amounts of money on advertising, media, and marketing and have no idea what the ROI is. Worksite wellness programs are held to a higher ROI standard because employers are still not convinced that worksite wellness is worth the cost. Accordingly, every ROI calculation is made up of the investment (cost) and the return (the financial benefit). To get a good return on investment, either a low investment or a big return is needed.
The quintessential question is “Of all things worksites currently do in the name of wellness, which ones have the greatest potential to result in a good return on investment?” Researchers who do ROI analyses of wellness programs look at whole programs. It’s difficult to impossible to split out different wellness components to see which ones are the best. With that said, the Centre for Vibrant Health and Wellness has identified five strategies that employers can utilize to get maximum ROI from their corporate wellness programs. Of the five, four are things that the employer can do; the last one we handle for you. Creating a benefit plan designed so wellness can have a positive ROI is where The Centre for Vibrant Health and Wellness can help your bottom line.
From our perspective, the big four most expensive health conditions to U.S. employers – high blood pressure, heart attack, diabetes and obesity- have one common denominator: endothelial dysfunction. Simply described, endothelial dysfunction is a term that covers diminished production/availability of nitric oxide and/or an imbalance in the relative contribution of endothelium-derived relaxing and contracting factors of blood vessels.
The Centre for Vibrant Health and Wellness has developed a unique solution to endothelial dysfunction issues through its exclusive wellness offering called “Love Your Heart” – a holistic metabolic heart health program. We will be happy to run a site specific complimentary analysis for your organization, should you wish to take the next step. Keeping ever rising healthcare dollars in your pocket is now something doable through data-based decision making and the amazing “Love Your Heart” Program of the Centre for Vibrant Health and Wellness. Simply authorize us to gather information from your CFO and HR executives . . . and we will do the rest!