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Employers see financial gains from health and wellness programs

October 03, 2012
Uncategorized By LW Consulting Inc.

With the healthcare industry's movement to improving patient care and reducing overall costs, it is understandable that employers are following suit. Many bosses have now employed health and wellness programs that are geared at encouraging workers to exercise, eat right, maintain a healthy weight and take part in other preventative strategies to avoid serious medical conditions and diseases.

Managers are reaping the benefits of these methods, as a healthier workplace will mean fewer funds are spent on medical expenses. While there are still many executives who are not taking part in wellness programs and preventative healthcare initiatives, a study led by the medical research company Humana Inc. shows that 75 percent of surveyed managers did see a financial benefit to these new programs.

"For 50 years, five behavioral issues have consumed an estimated 80 percent of the nation's health care budget - poor diet, stress coupled with inactivity, smoking and drinking. Humana understands small businesses' role in supporting our economy and we are committed to helping these employers and their employees combat such issues and achieve lifelong well-being," Jerry Ganoni, president of Humana's Small Business Division, said in a company press release. "We're encouraged that employers recognize the importance of wellness programs."

Some other findings from the study include the fact that 93 percent of employers consider that the health of their workers is important for their bottom line, more than 50 percent of respondents feel that there is insufficient data available on small businesses' adoption of wellness programs and 63 percent of startups have adopted health and wellness initiatives.

Companies that wish to experience the financial benefits of wellness programs should speak with a hospital consultant experienced in healthcare strategic planning.