Prevention Reduces Health Care Costs
For many companies, the high cost of medical insurance significantly impacts profitability. We know that reducing health care costs makes good business sense, but how do you do it? WellAdvantage offers preventive health programs proven to help lower health care premiums and raise productivity.
Bottom-line Results:
Invest in a strategic plan that will impact workforce well-being and improve the bottom line! WellAdvantage works with clients to lower health care premiums. In one case, we achieved a guaranteed cap on increases to health insurance premiums for 18 months. The average return on investment for a WellAdvantage client is $3.00 for every $1.00 spent (combined health care cost and health risk reduction).
Prevention = Increased Productivity
The cost of absenteeism and reduced productivity due to increased health risks is typically twice the cost of health care per employee. Carefully designed programs impact health on many levels. In addition to a reduction in health care costs our clients experience a tangible increase in employee productivity.
Bottom-line Results:
A well-planned preventative health program equates to increased profitability for your organization.
Employee benefits:
- Reduction in stress
- Greater morale and vitality
- Improved focus and performance
- Optimal health and well-being
- Reduced susceptibility to illness and injuries
- Minimized need for medical intervention
Company benefits:
- Reduction in absenteeism
- Reduction in sick pay
- Less injuries
- Reduction in workers’ compensation claims
- Less turnover
Prevention Reduces High Health Risks Factors
Employees with high risk factors incur more health care costs than people with low risk factors. According to the CDC 80% of heart disease, cancer and diabetes can be prevented with healthy lifestyles. Well-planned and executed preventive health programs are designed to dramatically improve the health of higher risk individuals by preventing the onset of disease.
Bottom-line Results:
WellAdvantage’s robust programs include a track record of targeting high-risk individuals through behavior modification coaching. One WellAdvantage client experienced a 20% reduction of health risks with a group of 250 coaching participants.