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www.healthoptionsworldwide.com Wellness Strategies: An employer’s key to reducing long- term medical costs

Wellness Strategies: An employer’s key to reducing long-term medical costs

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While using incentives and other programs can help to increase employee participation, most wellness programs are typical underutilized. Implementing a successful wellness plan can help to engage employees into managing their healthcare risks which will ultimately reduce surgical spending. Join HOW for a unique look at Wellness Programs and their positive influence on employers, employees, and healthcare costs

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Page 1: Wellness Strategies: An employer’s key to reducing long-term medical costs

www.healthoptionsworldwide.com

Wellness Strategies: An employer’s key to reducing

long-term medical costs

Page 2: Wellness Strategies: An employer’s key to reducing long-term medical costs

? Wellness Programs

No Wellness PlanWhat are you waiting for

Page 3: Wellness Strategies: An employer’s key to reducing long-term medical costs

Chronic Diseases

Page 4: Wellness Strategies: An employer’s key to reducing long-term medical costs

Employee engagement only 10%

Low Employee Engagement

Page 5: Wellness Strategies: An employer’s key to reducing long-term medical costs

What is a Wellness Program?

2 Types of Wellness Programs:2 Types of Wellness Programs:

Insurance- BasedInsurance- Based

Employer-BasedEmployer-Based

Page 6: Wellness Strategies: An employer’s key to reducing long-term medical costs

Benefits of a Wellness Plan

Higher productivity- less sick days

Better Physical Health

More loyal to company

Fewer workplace injuries

Lower Healthcare bills

Better self-image & higher self-esteem

Johnson & Johnson saved $250 million in health care costs

between 2002 and 2008 because of its wellness program — reaping $2.71 in savings for every dollar

spent on the initiative, according to the Harvard Business Review- a

$6 for $1 ROI

Page 7: Wellness Strategies: An employer’s key to reducing long-term medical costs

Wellness Plans in Action

•Mental/Physical health•Employee morale•Productivity•Loyalty

•Absenteeism•Turnover rates•Short-term disability claims•Fewer health risks•Healthcare costs

Page 8: Wellness Strategies: An employer’s key to reducing long-term medical costs

Inventory/Gap Analysis

Identify

Match Services to Health-Risk Factors

Group Services with Health-Risk Factors

Ask Yourself

Page 9: Wellness Strategies: An employer’s key to reducing long-term medical costs

Tips to Increase Employee Utilization

Incentives

Don’t focus on just weight loss

Variety of

programs

Financial wellness

Convenient

resources

Regular monitoring of programs

Page 10: Wellness Strategies: An employer’s key to reducing long-term medical costs

Evaluating Your Program

Absences

Turnover rates

Costs

Incident Rates

Safety Records

Participation

Change in health habits

Change in morale

Page 11: Wellness Strategies: An employer’s key to reducing long-term medical costs

Question & Answer

For Additional Information:For Additional Information:

1-877-234-13451-877-234-1345

[email protected]@healthoptionsworldwide.com

HealthOptionsWorldwide.comHealthOptionsWorldwide.com


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