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Promote Corporate Wellness Program to Decrease Company Bottom line and Increase Productivity

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As we look into the future of healthcare, wellness programs in the workplace are more popular than ever. When implemented correctly, wellness programs give employees the tools, support, and confidentiality to improve healthy behaviors. Contact mymedchoices.com for more info.

Wellness in the workplace is not a new idea. Many will likely be familiar with organizational wellness policies like on-site kitchens, flex-time for exercise, and healthy vending machine options. Wellness in the workplace has grown as businesses have noticed the benefits of a healthy workforce.

Here’s an evidence-backed list to showcase why focusing on wellness can benefit both employees and employers.
1. Wellness programs have a positive effect on employee health and their overall lives. Having programs dedicated to modifying unhealthy behaviors that address certain health risks can help make long-term positive changes in behavior.
In a Workplace Wellness Program Study Report from The RAND Corporation, researchers discovered:
“Consistent with prior research, we find that lifestyle management interventions as part of workplace wellness programs can reduce risk factors, such as smoking, and increase healthy behaviors, such as exercise. We find that these effects are sustainable over time and clinically meaningful.
This result is of critical importance, as it confirms that workplace wellness programs can help contain the current epidemic of lifestyle-related diseases, the main driver of premature morbidity and mortality as well as health care cost in the United States.”
While more research is still being conducted to understand the effects of wellness centered initiatives in the workplace, companies should continue to actively seek and improve upon ways to help their employees make healthier choices now to reap the health benefits later.
2. Wellness Programs Improve Employee Engagement
3. Having meaningful work and feeling a strong sense of companionship with fellow employees are often considered key motivators of employee engagement. While these are still big motivators in employee engagement and retention, new research suggests that access to wellness programs has a positive impact on employee job satisfaction, work relationships, and loyalty.
4. Employees Want More Wellness Options
Trends in health and wellness have altered people’s expectations of how companies should address employee health. Experts from Johns Hopkins Bloomberg School of Public Health determined that about 59.4% of employees believe companies should make an effort to improve the health of their workers.
By having a wellness program, businesses can use health-focused incentives as a recruitment tool. Showing potential employees that the company also cares about their wellbeing will definitely give health-conscious employers an edge over companies offering only bare-bones benefits.
5. Worried that your workforce is showing up but isn’t there mentally? According to a study presented by the Journal of Occupational and Environmental Medicine, when employees use wellness programs they end up saving their employers about $353 in boosted productivity. In addition, companies tend to average $5.06 in reduced absenteeism for each dollar invested in a wellness program.
6. About 45% of the population in the US has at least one chronic disease, like heart disease, diabetes, or asthma. Chronic diseases like these are responsible for 7 out of every 10 deaths in the US. When employees change their behavior, it can result in lower healthcare costs for them and their employer.
A study conducted by the University of Louisville reported that every dollar invested in wellness-related programs generated about $7 in savings. It's amazing how focusing on health can mean big savings The study also found that changing behaviors decreased the average number of health risks among employees from 5 or more to less than 3.

How to Provide Employees with Wellness Programs While Reducing Healthcare Costs:
With bundled payment options, self-funded employers can offer more wellness-related programs to their workforce and reducing costs. The idea of bundled payment is straight forward—healthcare providers are paid a fixed price for a collection of services. By bundling payment programs, employers can accommodate different employee needs, provider readiness, and market conditions.
If the idea of saving on healthcare while providing high-quality healthcare services sounds like a win-win, we can help! At mymedchoices, we offer self-funded employers a higher-quality of care and more choices by working with Centers of Excellence.
Find out how focusing on health and wellness programs and using bundled payment options can help you improve the health of your employees while cutting expenses.

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Promote Corporate Wellness Program to Decrease Company Bottom line and Increase Productivity

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